Price-Watch’s most active coverage of Folding Box Board Paper/ Ivory Board price assessment:
Asia-Pacific
- Folding Box Board Paper/ Ivory Board 170-350 GSM Uncoated Ex-East India, India
- Folding Box Board Paper/ Ivory Board 200- 400 GSM Back Uncoated HB GC 2 Ex -East India, India
- Folding Box Board Paper/ Ivory Board 200- 400 GSM Both Side Coated GC 1 Ex -East India, India
- Folding Box Board Paper/ Ivory Board 200- 400 GSM Both Side Coated GC 1 Ex -North India, India
- Folding Box Board Paper/ Ivory Board 200- 400 GSM Back Uncoated HB GC 2 Ex -North India, India
- Folding Box Board Paper/ Ivory Board 170-350 GSM Uncoated Ex-North India, India
- Folding Box Board Paper/ Ivory Board 200- 400 GSM Back Uncoated HB GC 2 Ex -South India, India
- Folding Box Board Paper/ Ivory Board 200- 400 GSM Both Side Coated GC 1 Ex -South India, India
- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1/CI FOB Shanghai, China
- Folding Box Board Paper/ Ivory Board 225- 360 GSM Back Uncoated HB GC 2 FOB Shanghai, China
- Folding Box Board Paper/ Ivory Board 200- 380 GSM Backside Uncoated GC 2 FOB Jakarta, Indonesia
- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1 FOB Jakarta, Indonesia
- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1/CI CIF Haiphong (China), Vietnam
- Folding Box Board Paper/ Ivory Board 225- 360 GSM Back Uncoated HB GC 2 CIF Haiphong (China), Vietnam
North America
- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1 CIF Houston (Indonesia), USA
- Folding Box Board Paper/ Ivory Board 200- 380 GSM Back Uncoated GC 2 CIF Houston (Indonesia), USA
Middle East
- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1 CIF Mersin (Indonesia), Turkey
- Folding Box Board Paper/ Ivory Board 200- 380 GSM Back Uncoated GC 2 CIF Mersin (Indonesia), Turkey
East Africa
- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1/CI CIF Mombasa (China), Kenya
- Folding Box Board Paper/ Ivory Board 225- 360 GSM Back Uncoated HB GC 2 CIF Mombasa (China), Kenya
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
Folding Box Board Paper/ Ivory Board Price Trend Q4 2025
In Q4 2025, the Folding Box Board Paper / Ivory Board prices have been continuing to soften slightly, recording about 1.5% decline from the previous quarter. The sector has been experiencing relatively stable yet cautious demand conditions as packaging converters have been fulfilling seasonal packaging requirements while maintaining disciplined procurement strategies. Downstream industries such as snack packaging, confectionery cartons, toy boxes, cosmetics packaging, and gift boxes have been increasing production volumes to support year-end retail promotions and holiday sales, sustaining steady consumption of folding box board.
However, sufficient supply availability across major producing regions has been limiting stronger price recovery during the quarter. Feedstock recovered paper prices have been remaining stable, offering modest cost stability for paperboard producers but not providing significant upward pressure on board prices. Operating rates across several manufacturing facilities have been continuing at controlled levels as producers have been focusing on balancing inventories and maintaining shipment volumes.
Export sentiment has been remaining steady, particularly across Asian and Middle Eastern markets where buyers have been continuing procurement for seasonal retail packaging demand. Seasonal demand patterns have been contributing to consistent packaging consumption during the holiday sales period. Overall, the market has been reflecting a stable, yet slightly weaker trend compared with the previous quarter as adequate supply conditions and cautious buyer behaviour have been influencing pricing dynamics.
India: Folding Box Board Paper/ Ivory Board Domestically Traded Price Ex-North India, India; Grade- Folding Box Board Paper/ Ivory Board 200- 400 GSM Both Side Coated GC 1
In Q4 2025, Folding Box Board Paper / Ivory Board prices in India on an Ex-North India basis have been increasing by 1.3% compared with Q3 2025 as festive-season demand has been strengthening across the packaging industry. Downstream sectors including confectionery packaging, sweets boxes, cosmetics packaging, and gift packaging have been increasing production to meet higher consumption during Diwali and year-end celebrations.
Retail sales promotions and higher consumer spending have been boosting demand for folding cartons and premium packaging formats. Packaging converters have been increasing procurement to fulfil rising orders from FMCG and consumer goods companies. Domestic paper mills have been maintaining steady operating rates while managing supply to meet seasonal demand growth.
Overall, the market has been reflecting a stronger demand environment supported by festive retail activity and improved packaging consumption. On a month on month basis, the prices have been decreasing by 4% in December 2025 compared with November 2025.
China: Folding Box Board Paper/ Ivory Board Export Price FOB Shanghai, China; Grade- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1/CI
In Q4 2025, the Folding Box Board (FBB) Paper / Ivory Board export prices from China on an FOB Shanghai basis have been showing a marginal increase of 0.5% compared with Q3 2025, indicating a phase of stabilization in the market after the decline recorded in the previous quarter. Export trading conditions have been reflecting relatively balanced supply and demand as overseas buyers have been gradually increasing procurement in preparation for year-end retail activity and holiday-driven consumer demand.
Downstream industries such as FMCG packaging, confectionery and snack cartons, cosmetics packaging, gift boxes, and electronics packaging have been expanding production volumes to support seasonal product launches and holiday retail promotions, contributing to steady consumption of folding box board. However, the slight price increase has been limited by adequate supply availability from Chinese paperboard mills as well as competitive export offerings from other Asian suppliers.
Feedstock markets including recovered paper and pulp have been remaining relatively stable during the quarter, providing cost consistency for manufacturers without creating strong upward pressure on board prices. Operating rates across several Chinese mills have been continuing at controlled levels as producers have been maintaining balanced inventories while supporting steady export shipments through major ports including Shanghai.
Export demand from Southeast Asia and the Middle East has been improving moderately, although buyers have continued to maintain disciplined procurement strategies amid global economic uncertainties. Overall, compared with Q3 2025, the market has been reflecting a stable export environment supported by seasonal packaging demand and balanced supply conditions. On a month on month basis, December 2025 prices have been stable compared to November 2025.
Indonesia: Folding Box Board Paper/ Ivory Board Export Price FOB Jakarta, China; Grade- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1
In Q4 2025, the Folding Box Board (FBB) Paper / Ivory Board export prices from Indonesia on an FOB Jakarta basis have been remaining stable with no change compared with Q3 2025, indicating balanced market conditions during the year-end period. Export trading activity has been reflecting steady demand as overseas buyers have been continuing procurement to support seasonal packaging requirements associated with year-end retail sales and holiday consumption.
Downstream sectors such as food and confectionery cartons, cosmetics packaging, gift boxes, and consumer goods packaging have been maintaining consistent production levels, sustaining stable demand for folding box board exports from Indonesia. However, the absence of a price increase has been influenced by adequate supply availability and ongoing competition from other Asian suppliers, particularly China.
Feedstock costs including pulp and recovered paper have been remaining largely stable during the quarter, providing cost stability for Indonesian producers without significant upward pressure on export prices. Paper mills across Indonesia have been maintaining controlled operating rates to balance production with steady export demand.
Overall, compared with Q3 2025, the market has been reflecting a stable export environment supported by seasonal packaging consumption and balanced supply conditions. On monthly basis, prices have been decreasing by 2% in December 2025 compared with November 2025.
Turkey: Folding Box Board Paper/ Ivory Board Imported Price CIF Mersin, Turkey from Indonesia; Grade- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1
In Q4 2025, the Folding Box Board (FBB) Paper / Ivory Board import prices in Turkey for shipments from Indonesia on a CIF Mersin basis have been declining by 1.5% compared with Q3 2025, indicating continued mild pressure on the market during the year-end period. Although downstream sectors such as food and confectionery packaging, cosmetics cartons, gift packaging, and retail cartons have been maintaining stable production for holiday sales and promotional campaigns, overall procurement by Turkish converters has been remaining measured.
Buyers have been focusing on short-term purchasing strategies due to sufficient stock levels and competitive import offers from Asian suppliers. Upstream factors including pulp and recovered paper costs have been remaining relatively stable, which has been limiting upward price pressure across the supply chain. Freight rates on Asia–Mediterranean routes have also been stable, supporting consistent import flows into the Turkish packaging sector.
Despite the seasonal rise in packaging demand associated with year-end retail consumption, supply availability has been sufficient to keep prices under slight pressure. On a month-on-month basis, December prices have declined by 6% compared with November as purchasing activity has slowed toward the close of the year. Overall, compared with Q3 2025, the market has been reflecting a slightly softer but stable import environment in Turkey.
Kenya: Folding Box Board Paper/ Ivory Board Imported Price CIF Mombasa, Kenya from China; Grade- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1/CI
In Q4 2025, the Folding Box Board (FBB) Paper / Ivory Board import prices in Kenya on a CIF Mombasa basis have been declining by 3% compared with Q3 2025, indicating continued mild downward pressure in the market despite the seasonal rise in packaging demand. Downstream industries such as food and beverage packaging, confectionery cartons, pharmaceutical cartons, cosmetics packaging, and retail packaging boxes have been maintaining steady production to meet year-end consumer demand and holiday sales activity.
However, procurement among packaging converters has been remaining cautious due to sufficient stock levels and competitive import offers available in the market. Supply availability from Asian exporters has been steady, which has been maintaining comfortable inventory levels across the Kenyan packaging sector. Upstream factors such as pulp and recovered paper costs have been remaining relatively stable, limiting any strong upward price pressure on imported board.
On a month on month basis, December prices have remained stable compared with November, reflecting unchanged market conditions. Overall, compared with Q3 2025, the Kenyan market has been reflecting a slightly softer pricing environment despite steady seasonal demand from packaging applications.
USA: Folding Box Board Paper/ Ivory Board Imported Price CIF Houston, USA from Indonesia; Grade- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1
In Q4 2025, the Folding Box Board (FBB) Paper / Ivory Board import prices in the USA on a CIF Houston basis have been declining by 2.5% compared with Q3 2025, indicating continued mild downward pressure despite seasonal demand from the retail and consumer goods sectors. Downstream industries such as packaged food cartons, confectionery packaging, cosmetics cartons, consumer electronics packaging, and e-commerce shipping boxes have been maintaining steady production to support holiday sales and year-end retail promotions.
However, procurement among packaging converters has been remaining measured as many companies have been managing inventories carefully and taking advantage of competitive import offers from global suppliers. Supply availability from Asian exporters has been consistent, while feedstock markets including pulp and recovered paper have been remaining relatively stable, limiting strong cost-driven price movements.
On a month-on-month basis, December prices have declined by around 1% compared with November as procurement activity has slowed slightly toward the end of the year. Overall, compared with Q3 2025, the market has been reflecting a slightly softer import pricing environment despite stable seasonal demand from packaging applications.
Vietnam: Folding Box Board Paper/ Ivory Board Imported Price CIF Haiphong, Vietnam from China; Grade- Folding Box Board Paper/ Ivory Board 210- 350 GSM Both Side Coated GC 1/CI
In Q4 2025, the Folding Box Board (FBB) Paper / Ivory Board import prices in Vietnam on a CIF Haiphong basis have been increasing slightly by 0.5% compared with Q3 2025, indicating a mild stabilization in the market following the previous quarter’s decline. Demand from downstream industries such as food and beverage packaging, confectionery cartons, cosmetics packaging, consumer goods cartons, and electronics packaging has been improving moderately as manufacturers have been preparing for year-end retail demand and export shipments.
Packaging converters in Vietnam have been gradually increasing procurement to support seasonal production schedules; however, buying activity has remained disciplined as inventory levels have been carefully managed. Supply availability from Asian exporters has remained steady, while feedstock costs including pulp and recovered paper have been relatively stable, limiting any significant upward pressure on import prices.
Freight conditions along regional shipping routes have also been consistent, supporting stable import flows into the port of Haiphong. On a month-on-month basis, December prices have remained stable compared with November, reflecting balanced supply-demand conditions toward the end of the year. Overall, compared with Q3 2025, the Vietnamese market has been showing a stable to slightly firmer trend supported by seasonal packaging demand and steady trade flows.





