“So far we see no solution to the debt and crisis in the eurozone and the euro area should remain at a zero growth rate this year, at best,” says METLA.
Globally, the growth of the economy is also anticipated to be weak and only start to rise towards the end of this year, says the Finnish Institute.
Cardboard demand has remained relatively stable despite the ongoing recession, says METLA, which states that production and exports of paperboard only decreased by 1% to 2.7 Mt and 2.5 Mt respectively for the year.
If pulp production in Finland this year remained fairly stable in the first quarter, pulp exports rose 8%. METLA forecasts a 7% rise in Finnish paper pulp exports in 2012 to about 2.4 Mt, since global demand remains strong.
The price of pulp has been quite stable during the first part of 2011 but declined thereafter. This year, METLA expects Finnish kraft pulp export prices to drop by almost 5% compared to the average of 2011.