FBA: Shipments Up Again In July
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month July 2020
Industry shipments of corrugated products increased 3.1 percent, from 33.734 bsf in July of of 2019 to 34.784 bsf in June of 2020, the Fibre Box Association (FBA) report- ed. The increase is partially due to the fact there was one more shipping day in July of 2020. Average week ship- ments, however, decreased 1.6 percent, from 8.032 bsf in 2019 to 7.905 bsf in 2020. Shipments of corrugated prod- ucts are up 0.3 percent year-to-date. Containerboard consumption increased 1.7 percent, from 2.7517 million tons in July of 2019, to 2.7993 million tons in July of 2020. Consumption is up 1.1 percent year- to-date over 2019, from 18.7289 million tons to 18.9354 million tons. Containerboard inventory at corrugator plants de- creased 3.1 percent, from 2.0865 million tons in June to 2.0214 million tons in July 2020. Weeks of supply shrunk from 3.3 in June to 3.2 in July, or 3.0 percent. “Containerboard inventories at mills and box plants dropped by 72,000 tons in July, the first monthly July de- cline in 17 years,” noted Dick Storat in his Scoring Boxes newsletter. “This continued last month’s record inventory decline. Containerboard inventories last declined in July in 2003, then by less than 3,000 tons. CONTINUED ON PAGE 38
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
34.784 33.734
3.1
7.905 8.032
-1.6
Industry Total
Year-to Date
July 2020
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
231.403 227.669
1.6
7.765 7.744
0.3
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2020 2019
2.7993 2.7517
1.7
18.9354 18.7289
1.1
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Jul. Jun.
2.0214 2.0865
-3.1
3.2 3.3
-3.0
Shipping Days
Year
Month
Year-to-Date
2020 2019
22 21
149 147
SOURCE: Fibre Box Association
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www.boardconvertingnews.com
August 24, 2020
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