Wood, paper trade post steep decline in 2023–report

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Wood, paper trade post steep decline in 2023–report - Business Mirror

Quick Summary:

Global trade in wood and paper products dropped steeply from record levels in 2021 and 2022, with the paper trade continuing to decline under pressure from digital media, according to data released by the Food and Agriculture Organization of the United Nations (FAO).

In contrast, trade in wood pulp increased by 3 percent to reach a record level of 71 million tons.

It grew only in Asia-Pacific.“World paper production dropped by 3 percent to 401 million tons (trade by 7 percent to 104 million tons, the lowest since 2010).