"BRIC"-COUNTRIES LEADER WILL LEAD COMING GLOBAL ECONOMIC
Paper industry
The paperless office remains a distant dream. So does an end to the modern world’s obsession with over-packaging. That’s lucky for big paper companies reporting results this month such as America’s International Paper and Europe’s Stora Enso. Sadly, shareholders have been less lucky. In the past five years, global paper stocks have underperformed equity indices by 40 per cent. Over a decade, you would have even been better off owning US banks than International Paper.Historically, the problem has been an industry plagued by overcapacity. Factories were slow to shut and machines cranked into action the minute demand ticked up. The new millennium, however, brought better discipline – the struggling industry had no choice. For example, in spite of capacity utilisation falling from about 90 per cent in 1990 to a decade low of 70 per cent last quarter for US commercial printing, according to Federal Reserve data, supply has been kept broadly under control
Contains an executive summary and data on value, volume and segmentation
Provides textual analysis of the industry's prospects, competitive landscape and profiles of the leading companies
Covers the Global, European and Asia-Pacific markets as well as individual chapters on 5 major markets (France, Germany, Japan, the UK and the US).
Includes a five-year forecast of the industry
The global paper and paperboard market shrank by 1.9% in 2008 to reach a value of $619.2 billion.
In 2013, the global paper and paperboard market is forecast to have a value of $794.3 billion, an increase of 28.3% since 2008.
The global paper and paperboard market shrank by 0.1% in 2008 to reach a volume of 320.1 million metric tons.
In 2013, the global paper and paperboard market is forecast to have a volume of 336.4 million metric tons, an increase of 5.1% since 2008.
Asia-pacific accounts for 41% of the global paper and paperboard market's value.
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Market Definition
The paper and paperboard market measures a country or region's total use of paper and paperboard in tonnes. Paper and paperboard include newsprint, printing and writing paper, packaging paper, household and sanitary paper, and other paper and paperboard. Volumes are the consumption of paper and paperboard in tonnes, and values are calculated using average annual selling price of paper and paperboard per tonne multiplied by consumption volumes
Global Paper Mills
The IBISWorld Global Paper Mills industry report consists of establishments that produce pulp, bulk paper and bulk paperboard from a variety of purchased inputs, including woodchips, clay, lime, dyes, chemical resins and others. This includes the manufacture of paper from any fiber and the production of pulp from recycled paper. Some companies may manufacture paper and/or paperboard from purchased pulp while others produce their own pulp.
Country Report India March 2010
Outlook for 2010-11
The Indian National Congress-led United Progressive Alliance government, led by the prime minister, Manmohan Singh, faces no immediate threats to its rule and is expected to serve a full second term until 2014.
Congress's continuation in power means that economic policy will remain broadly unchanged. Priority will continue to be given to populist measures designed to help the aam admi (common man).
The dominant role of Congress in the ruling coalition means that there is scope for further progress on economic reform. However, internal party dynamics mean that progress is not guaranteed.
Improving economic indicators have led the Economist Intelligence Unit to revise up its forecast for real GDP growth in fiscal year 2010/11 (April-March) to 7.7%, from 7.3% previously. Growth in 2009/10 is estimated at 6.8%.
The poor recent monsoon will keep food price inflation high in 2010, and average consumer price inflation is forecast to fall only slightly this year, to 10.7%, from an estimated 10.9% in 2009. In 2011 inflation will slow to 5.7%.
Monthly review
In February the Indian government offered to resume peace talks with Pakistan, 14 months after it suspended dialogue in the aftermath of the November 2008 terrorist attack in Mumbai.
An anti-immigrant campaign by a far-right political party in the state of Maharashtra has put political leaders in a difficult position and has sparked fears about the threat of ethnic violence in India's economic powerhouse.
On January 29th the Reserve Bank of India (the central bank) announced a forthcoming increase in the cash reserve ratio (the fraction of deposits that banks are required to hold in the form of cash) of 75 basis points, to 5.75%.
The central bank has announced plans to deregulate lending rates at the start of 2010/11 in a bid to price credit more transparently.
The Indian economy (at factor cost) is expected to have grown by 7.2% year on year in 2009/10, according to an "advance estimate" released by the Central Statistical Organisation.
In December industrial output rose by 16.8% year on year—up from 11.8% in November, and the fastest pace of increase in a decade.
Wholesale food price inflation stood at 17.6% year on year in the week ending January 23rd. Consumer price inflation for industrial workers reached 15% year on year in December, while inflation for farm workers stood at 17.2%.
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