Jan. 28, 2023 - The American Forest & Paper Association (AF&PA) has released its Q4 2022 Containerboard Quarterly report. According to the report, total U.S. containerboard production decreased 5% when compared to the full year of 2021. Most containerboard grades experienced double-digit percentage declines in Q4.
Drops in both domestic and export production contributed to operating rates in the 80s and in some cases the high 70s, bringing the 2022 operating rate five points below that of 2021.
Recycled Medium was the only subgrade that had a single-digit percentage drop (-9%) and an increase in export production for the quarter, though exports represent a very small portion of its total production.
The American Forest & Paper Association (AF&PA) serves to advance U.S. paper and wood products manufacturers through fact-based public policy and marketplace advocacy. The forest products industry is circular in nature. AF&PA member companies make essential products from renewable and recyclable resources, generate renewable bioenergy and are committed to continuous improvement through the industry's sustainability initiative – Better Practices, Better Planet 2030: Sustainable Products for a Sustainable Future.
The forest products industry accounts for approximately four percent of the total U.S. manufacturing GDP, manufactures nearly $300 billion in products annually and employs approximately 950,000 people. The industry meets a payroll of approximately $60 billion annually and is among the top 10 manufacturing sector employers in 45 states. Visit AF&PA online at www.afandpa.org or follow us on Twitter @ForestandPaper.
SOURCE: American Forest & Paper Association (AF&PA)
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