AF&PA Releases Q1 2025 Containerboard Quarterly Report

The American Forest & Paper Association (AF&PA) released the first quarter 2025 Containerboard Quarterly report. According to the report, total Containerboard production in Q1 remained essentially flat (-0.4 percent) compared to Q1 2024.

The operating rate for Unbleached Kraft Liner decreased compared to Q1 2024, while rates for all the other grades increased. The rates for all four grades were above 90 percent for the first time in over a year.

Production for export increased in Q1 after 2 consecutive quarterly declines in the second half of 2024, but it was still 7.7 percent lower than Q1 2024.

Domestic new supply for Q1 increased 1.0 percent from the same quarter last year, but declined 3.8 percent from Q4 2024, which had been the strongest quarter since 2022.

Inventories at mills at the end of Q1 declined 4.2 percent from their December 2024 levels. They were nevertheless 6.8 percent higher than the average mill inventories for the last 15 months.

The complete report with detailed tables, charts and historical data can be purchased by contacting Kory Bockman at Statistics_Publications@afandpa.org or (202) 463-4716. Visit afandpa.org.

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