Board Converting News, January 1, 2024

AF&PA Applauds Veto Of Tropical Deforestation-Free Procurement Act The American Forest & Paper Association (AF&PA) Pres- ident and CEO Heidi Brock released the following state- ment in response to New York Governor Kathy Hochul vetoing the Tropical Deforestation-Free Procurement Act (S.4859-A/A.5682-A): “The American Forest & Paper Association applauds Governor Hochul’s decision to veto New York’s Tropical Deforestation-Free Procurement Act. The U.S. paper and wood products industry depends on sustainable forest growth. We champion sustainable forestry. “The proposed legislation brought significant con- cerns for our industry impacting non-tropical forest prod- ucts, like cardboard boxes and paper bags. “It would have also created trickle-down effects for our industry’s circular supply chain and raised serious questions on the trade restrictive approach to forest man- agement. “New York lawmakers should instead engage in di- alogue with the international community recognizing sustainably managed forests and wood product supply chains that already exist in North America.” The forest products industry accounts for approxi- mately five percent of the total US manufacturing GDP and employs about 925,000 people.

Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month September 2023

Year

Actual

Percent Change Avg Week Percent Change

2023 2022

3 0.911 3 2.734

-5. 6

7. 728 7. 794

- 0.8

Industry Total

September 2023

Year-to Date

Year

Actual

Percent Change Avg Week Percent Change

2023 2022

285.619 305.519

- 6.5

7. 556 7.998

- 5.5

Industry Total

Containerboard Consumption (Thousands of Tons)

Year

Month

Percent Change Year-to-Date Percent Change

2023 2022

2. 5387 2. 6314

- 3.5

23.3187 24.8978

- 6 .3

Container Board Inventory - Corrugator Plants (Thousands of Tons)

Corrugator Plants Only

Date

Percent Change Weeks of Supply

Percent Change

Sept. Aug.

2.2 15 2 2. 1606

2.5

3. 5 3. 6

- 2.8

Shipping Days

Year

Month

Year-to-Date

2023 2022

2 0 2 1

1 89 1 91

SOURCE: Fibre Box Association

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January 1, 2024

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