Difficult environment for the German folding carton industry in 2023
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2023 was a mixed year for the German folding carton industry. Although figures for the industry as a whole are only available for the first three quarters from the by the Federal Statistical Office. However, this and the business business development among members of the Fachverband Faltschachtel-Industrie (FFI), for which full-year figures are already available, the overall industry trend the overall industry trend. FFI members account for two thirds of the production value and just over half of the volume of the industry as a whole. industry as a whole.
Their production volume fell by 6.2% to 519,795 tonnes in 2023, while the production value increased by 2.3% to 1.470 billion euros. This decline in volume is due to the reduction in stocks of finished goods along the supply chain, consumer restraint as a result of inflation and an overall slowdown in economic growth. The changes in production value are primarily due to the fact that, as in other sectors, higher basic costs for raw materials, energy and freight were passed on. The calculated production value is 2,828 euros, which corresponds to an increase of 8.3%.
If this annual trend is extrapolated to the industry as a whole, a comparable picture emerges. The decline in volume there is likely to be over 5%, while the increase in production value is around 2%. "The overall economic situation has not spared the folding carton industry and demand has fallen. After the coronavirus period, stockpiling and full warehouses were reduced, while inflation has also led to a noticeable reluctance to spend among consumers," says Andreas Helbig, spokesman for the FFI Executive Board. The association expects a sideways movement in 2024.
