CEPI Cartonboard Convegno Nazionale
GIFASP 23 Luglio, 2021 _ Michele Bianchi
Introduction
CEPI Cartonboard
Topics • Who we are • How we operate • Strategic agenda • European cartonboard consumption • Market news • Raw materials situation • Interest rates and currency markets • Q&A GIFASP – Convegno Nazionale 23 July 2021
Who we are: Association profile
CEPI Cartonboard
Association profile: • Originally registered in Brussels in 1992, seat transferred to Zurich in 2008 • Operating across Europe with links to Turkey and the US • Membership encompassing 21 board producers • Operating 50+ board machines in over 40 mills in 14 different countries across Europe, Turkey and the US • Representing approx. 85% of European cartonboard consumption
• Objectives: • • • • •
Be the voice of the European cartonboard sector for all industrial matters Provide the industry sector with relevant information about European cartonboard production and consumption Promote policies strengthening the European cartonboard sector and keep its value chain competitive Promote complementary measures to secure a level playing field to the European cartonboard sector Industry positioning and advocacy, by providing support to related advocacy groups and, where appropriate, undertake own lobbying activities
• Affiliation with PRO CARTON, promoting the use of cartons and cartonboard as an economically and ecologically balanced packaging medium GIFASP – Convegno Nazionale 23 July 2021
Who we are: Membership base
GPI Europe:
CEPI Cartonboard
Member since 2020
Momo/FM Cartiere: Deemed to have resigned in 2020
GIFASP – Convegno Nazionale 23 July 2021
How we operate: Working structure
Statutory bodies
CEPI Cartonboard
Chair Michele Bianchi RDM Group
Vice-Chair Öystein Aksnes Stora Enso
Board of Directors
General Assembly
Working groups
Statistics Committee
Secretariat
Daily administrative management and statistics services
GIFASP – Convegno Nazionale 23 July 2021
How we operate: The Board of Directors The Members of the Board: • Michele Bianchi, RDM Group – President • Öystein Aksnes, Stora Enso – Vice-President • Nick Dowling, WestRock – Member • Neil Fox, Metsä Board – Member • Johan Nellbeck, Holmen Iggesund - Member • Clemens Stockinger, MMK – Member The next elections are due to be held in 2023.
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
Strategic agenda
CEPI Cartonboard
Strategic review: To assess the value proposition towards associated members and the association’s positioning with regard to the EU policy agenda, and in particular the implementation of the European Green Deal Context: «Regulatory Super Year», i.e. the EU is shaping the key legislative framework that will regulate the sector in future (SUPD, PPWD, WFD etc.) Key elements under review:
Strategic agenda/priorities in 2021 and beyond Organisational model, building coalitions/cooperations Communication internally/externally Profile/identity GIFASP – Convegno Nazionale 23 July 2021
European cartonboard consumption
2020:
Member Sale: Non-Member Sales: Estimated Consumption:
6.568 ktpa (+4,2%) 955 ktpa (-4,2%) 7.523 ktpa (+3,0%)
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
European cartonboard consumption - WLC
2020:
Member Sale: Non-Member Sales: Estimated Consumption:
3.382 ktpa (+1,4%) 339 ktpa (-2.1%) 3.721 ktpa (+1,0%)
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
European cartonboard consumption - FBB
2020:
Member Sale: Non-Member Sales: Estimated Consumption:
2.381 ktpa (+2,3%) 455 ktpa (+33%) 2.836 ktpa (+6,2%)
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
European cartonboard consumption - SBB
2020:
Member Sale: Non-Member Sales: Estimated Consumption:
358 ktpa (-8,0%) 52 ktpa (-31%) 410 ktpa (-11,8%)
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
European cartonboard consumption - SUB
Estimated Consumption 2020:
556 ktpa (+14,8%)
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
European cartonboard consumption
CEPI Cartonboard 2020 WLC: 49,5% FBB: 37,7%
GIFASP – Convegno Nazionale 23 July 2021
SUB:
7,4%
SBB:
5,4%
Cartonboard consumption in Italy 2010-2020
Consumption growth Italy: WLC FBB SBB SUB WLC+FBB+SBB+SUB
2011/2010
-7.3% -0.3% 9.6% 1.8% -4.7%
2012/2011
-6.4% 6.6% -17.2% -0.4% -3.8%
2013/2012
1.5% 14.9% -1.7% 6.2% 4.8%
2014/2013
-1.8% 8.8% -3.6% 0.1% 1.0%
2015/2014
1.6% -0.3% 9.6% 7.2% 1.7%
2016/2015
-4.5% 1.4% -1.4% -4.4% -2.7%
2017/2016
1.5% 7.2% 17.2% 11.5% 4.3%
CAGR: Compound annual growth rate 2010-2020
GIFASP – Convegno Nazionale 23 July 2021
2018/2017
-1.7% 0.1% 3.3% 1.6% -0.7%
CEPI Cartonboard
2019/2018
0.6% -1.0% -2.7% 15.7% 0.9%
2020/2019
-5.0% 9.4% -17.9% 13.4% -0.2%
CAGR
-2.2% 4.6% -1.1% 5.1% 0.01%
Market News
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Market News
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Market News
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Market News
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Market News
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Market News
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Recovered Fibres: Wiesbadner Index
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
Recovered Fibres: FOEX – PIX Recovered Paper
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CEPI Cartonboard
Virgin Fibres: NBSK price development
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CEPI Cartonboard
Virgin Fibres: BHKP price development
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CEPI Cartonboard
Energy: Brent Oil Spot
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Energy: Power – EPEX Spot DE/AT
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CEPI Cartonboard
Energy: Natural Gas – Spot Market Daily Reference Price
CEPI Cartonboard
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Process Materials: Wheat Starch
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
Process Materials: Corn Starch
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
Business Barometer: Consumer & Retail Trade Indicators
CEPI Cartonboard
GIFASP – Convegno Nazionale 23 July 2021
Key Interest Rates since 08/08/2017
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
Currency Markets: Exchange Rates
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
Currency Markets: Exchange Rates
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
Questions, suggestions?
GIFASP – Convegno Nazionale 23 July 2021
CEPI Cartonboard
CEPI Cartonboard Thank you Michele Bianchi President CEPI Cartonboard Tel. +41 43 305 09 78 info@arco.swiss
cepicartonboard.com This document is confidential. CEPI Cartonboard is, unless otherwise stated, the owner of copyright of this document and its content. No part of this document may be published, distributed, extracted, re-utilized or reproduced in any material form. CEPI Cartonboard is an international non-profit association, registered in Zurich/Switzerland with registered number CHE-114.796.251. Its registered office and principle place of business is at Tödistrasse 42, CH-8002 Zurich, Switzerland.
GIFASP – Convegno Nazionale 23 July 2021