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New Corrugated Cardboard (NCC) Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing
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new corrugated cardboard (ncc) Price Trends by Country

cnChina
thThailand
vnVietnam
idIndonesia
mxMexico

Global new corrugated cardboard (ncc) Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for New Corrugated Cardboard (NCC) across top trading regions:

NCC Regional Coverage NCC Grade and Country Coverage NCC Pricing Data Coverage Explanation
New Corrugated Container (NCC) Grade Single Wall Board (Three Liners,E Flute) Ex-Zhejiang Weekly Price Update New Corrugated Cardboard (NCC) Real-Time Domestic Prices in Zhejiang, China
New Corrugated Container (NCC) Grade Single Wall Board (Three Liners,E Flute) FOB price at Shanghai Weekly Price New Corrugated Cardboard (NCC) Real-Time Export Prices from Shanghai Port, China to Global Markets
Asia-Pacific New Corrugated Container (NCC) Grade Single Wall Board (Three Liners,E Flute) CFR Laem Chabang, Thailand, Importing from China

 

 Weekly Price Update Price New Corrugated Cardboard (NCC) Real-Time Import Prices at Laem Chabang Port, Thailand from China
New Corrugated Container (NCC) Grade Single Wall Board (Three Liners,E Flute) CFR Hai Phong, Vietnam, Importing from China

 

 Weekly Price Update Price New Corrugated Cardboard (NCC) Real-Time Import Prices at Hai Phong Port, Vietnam from China
New Corrugated Container (NCC) Grade Single Wall Board (Three Liners,E ) CFR Jakarta, Indonesia, Importing from China

 

 Weekly Price Update Price New Corrugated Cardboard (NCC) Real-Time Import Prices at Jakarta Port, Indonesia from China
North America

 

 Corrugated Container (NCC) Grade Single Wall Board (Three Liners,E Flute) CFR Manzanillo, Mexico, Importing from China

 

 Weekly Price Update Price New Corrugated Cardboard (NCC) Real-Time Import Prices at Manzanillo Port, Mexico from China

New Corrugated Cardboard (NCC) Price Forecasts & Market Foresight Q3 2026

Outlook: Strongly Bullish

Confidence: High

New Corrugated Cardboard (NCC) prices are expected to remain on an upward trend globally during Q3 2026, supported by stronger packaging demand, firm mill purchasing, and limited supply availability. China is likely to see continued price increases as seasonal restocking, improved domestic packaging consumption, and tighter finished-board availability support market sentiment.

Asia is expected to follow a bullish trend, driven by stronger manufacturing activity, e-commerce packaging demand, and firm regional procurement. North America is also anticipated to record higher prices, supported by resilient corrugated box demand, disciplined production, capacity constraints, and elevated operating costs. Overall, firm demand and balanced supply should sustain price momentum.

New Corrugated Cardboard (NCC) Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
China Grade Single Wall Board (Three Liners, E-Flute) Ex-Zhejiang Strongly Bullish
China Grade Single Wall Board (Three Liners,E Flute) FOB Shanghai Strongly Bullish
Thailand Grade Single Wall Board (Three Liners,E Flute) CFR Laem Chabang (CHINA)  Strongly Bullish
Vietnam  Grade Single Wall Board (Three Liners,E Flute) CFR Hai Phong (CHINA) Strongly Bullish
Indonesia Grade Single Wall Board (Three Liners,E ) CFR Jakarta (CHINA) Strongly Bullish
Mexico Grade Single Wall Board (Three Liners,E Flute) CFR Manzanillo (CHINA) Bullish

* New Corrugated Cardboard (NCC) Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ New Corrugated Cardboard (NCC) Forecast

Access comprehensive New Corrugated Cardboard (NCC) market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ New Corrugated Cardboard (NCC) Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in NCC production volumes, mill demand, raw material costs, finished board inventories, corrugated box demand, mill operating rates, plant outages, export purchasing, freight rates, regional demand, seasonal factors, and geopolitical developments affecting the global New Corrugated Cardboard (NCC) market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected corrugated board capacity changes, supply-demand balances, production trends, raw material availability, packaging demand, economic conditions, trade policies, seasonal demand patterns, freight developments, and long-term supply chain dynamics, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • NCC production volumes & raw material availability
  • Corrugated board mill operating rates & outages
  • NCC inventories & supply-demand balance
  • Regional trade flows & freight rates
  • Import-export dynamics & mill purchasing activity
  • Packaging demand, e-commerce trends, macroeconomic & geopolitical developments

Track New Corrugated Cardboard (NCC) Supply Disruptions in Real Time

As geopolitical risks continue to reshape global recovered paper supply chains, stay ahead of the events that drive OCC price movements by monitoring mill shutdowns, maintenance outages, collection disruptions, logistics bottlenecks, trade restrictions, export-import changes, and operational disruptions before they impact global New Corrugated Cardboard (NCC) markets.

Access the Price Watch™ GIO Tracker

NCC Price Trend Q2 2026

In Q2 2026, global New Corrugated Cardboard (NCC) prices increased by approximately 3% compared with Q1 2026, reflecting a moderate strengthening in market conditions. Demand from e-commerce, FMCG, food, consumer goods, and industrial packaging sectors remained steady and supported NCC consumption across major markets.

Rising costs for recovered paper, virgin fiber, energy, chemicals, and transportation increased production expenses for manufacturers. Paper mills maintained controlled production and managed inventories carefully, which prevented significant oversupply and supported firmer pricing.

Supply chains also experienced pressure from elevated energy, freight, and logistics costs, which increased overall manufacturing and distribution expenses. Buyers continued regular procurement to secure sufficient packaging material, while producers maintained relatively firm selling positions amid higher operating costs.

Geopolitical uncertainties also encouraged cautious inventory management among market participants. Overall, the global NCC market remained moderately firm during Q2 2026. The combination of resilient packaging demand, higher production costs, controlled supply, and stable purchasing activity supported the approximately 3% quarterly increase in NCC prices compared with Q1 2026.

China: New Corrugated Container (NCC) Exported Price FOB Shanghai, China; Grade Single Wall Board (Three Liners,E Flute ).

In Q2 2026, China FOB New Corrugated Cardboard (NCC) prices increased by approximately 2% compared with Q1 2026, reflecting a modest strengthening in the export market. Packaging demand from e-commerce, FMCG, food, consumer goods, and industrial sectors remained steady, supporting NCC consumption and export activity.

Rising costs for recovered paper, virgin fibre, energy, chemicals, and transportation increased production expenses for Chinese paper mills. Mills managed production and inventories carefully, which limited excess availability and supported firmer export offers. Higher freight and logistics costs also increased export expenses and encouraged suppliers to maintain stronger price positions.

Buyers remained cautious but continued procurement to secure sufficient packaging materials amid changing regional demand. On a month-on-month basis, China FOB NCC prices increased by around 6% in June 2026 compared with May.

Overall, the China FOB NCC market remained firm during Q2 2026, supported by resilient packaging demand, elevated production costs, controlled supply, higher logistics expenses, and improved purchasing activity, which collectively supported the quarterly price increase.

Thailand: New Corrugated Container (NCC) Imported Price CFR Laem Chabang, Thailand from China: Grade Single Wall Board (Three Liners,E Flute).

In Q2 2026, Thailand CFR New Corrugated Cardboard (NCC) prices increased by approximately 3% compared with Q1 2026, reflecting firmer market conditions and stable packaging demand. Demand from e-commerce, FMCG, food, consumer goods, and industrial packaging sectors remained steady, supporting NCC consumption in Thailand.

Higher costs for recovered paper, virgin fibre, energy, chemicals, and transportation increased production and import expenses. Thai buyers maintained regular procurement to secure sufficient packaging materials, while suppliers kept firmer offers amid elevated operating and logistics costs.

Freight and marine fuel expenses also increased delivered prices and contributed to higher CFR values. Supply remained relatively balanced as mills managed production and inventories carefully, limiting excessive availability. On a month-on-month basis, Thailand CFR NCC prices increased by around 3% in June 2026 compared with May, indicating continued upward momentum.

Overall, the Thai NCC market remained firm throughout Q2 2026, supported by resilient packaging demand, higher input and logistics costs, stable purchasing activity, and controlled supply conditions, which collectively supported the quarterly price increase.

Vietnam: New Corrugated Container (NCC) Imported Price CFR Hai Phong, Vietnam from China: Grade Single Wall Board (Three Liners,E Flute).

In Q2 2026, Vietnam CFR New Corrugated Cardboard (NCC) prices increased by approximately 2% compared with Q1 2026, reflecting a moderate strengthening in market conditions. Demand from e-commerce, FMCG, food, consumer goods, and industrial packaging sectors remained steady, supporting NCC consumption across Vietnam.

Rising costs for recovered paper, virgin fibre, energy, chemicals, and transportation increased production and import expenses. Vietnamese buyers maintained regular procurement to secure adequate packaging materials, while suppliers kept firmer offers amid elevated operating costs.

Higher freight and marine fuel expenses also increased delivered costs and supported CFR prices. Supply remained relatively balanced as mills managed production and inventories carefully, limiting excessive material availability. On a month-on-month basis, Vietnam CFR NCC prices increased by around 6% in June 2026 compared with May.

Overall, the Vietnamese NCC market remained firm during Q2 2026, supported by resilient packaging demand, higher input and logistics costs, steady purchasing activity, and controlled supply. These factors collectively supported the quarterly increase in NCC prices.

Indonesia: New Corrugated Container (NCC) Imported Price CFR Jakarta, Indonesia from China: Grade Single Wall Board (Three Liners,E Flute).

In Q2 2026, Indonesia CFR New Corrugated Cardboard (NCC) prices increased by approximately 4% compared with Q1 2026, reflecting firmer market conditions and resilient packaging demand. Demand from e-commerce, FMCG, food, consumer goods, and industrial sectors remained healthy, supporting NCC consumption and procurement activity.

Rising costs for recovered paper, virgin fibre, energy, chemicals, and transportation increased production and import expenses. Indonesian buyers maintained regular procurement to secure adequate packaging materials, while suppliers maintained firmer offers amid higher operating costs.

Elevated freight, marine fuel, and logistics costs also increased delivered prices and contributed to higher CFR values. Supply remained relatively balanced as mills managed production and inventories carefully, limiting excessive availability. On a month-on-month basis, Indonesia CFR NCC prices increased by around 6% in June 2026 compared with May.

Overall, the Indonesian NCC market remained firm during Q2 2026, supported by resilient packaging demand, higher input and logistics costs, steady purchasing activity, and controlled supply conditions, which collectively supported the quarterly price increase.

Mexico: New Corrugated Container (NCC) Imported Price CFR Manzanillo, Mexico from China: Grade Single Wall Board (Three Liners,E Flute).

In Q2 2026, Mexico CFR New Corrugated Cardboard (NCC) prices increased by approximately 7% compared with Q1 2026, reflecting stronger market conditions and higher import costs. Demand from e-commerce, FMCG, food, consumer goods, and industrial packaging sectors remained healthy, supporting NCC consumption across Mexico.

Rising costs for recovered paper, virgin fiber, energy, chemicals, and transportation increased production and import expenses. Mexican buyers maintained regular procurement to secure sufficient packaging materials, while suppliers kept firmer offers amid elevated operating costs.

Higher freight, marine fuel, and logistics expenses also increased delivered costs and contributed to higher CFR prices. Supply remained relatively balanced as mills managed production and inventories carefully, limiting excessive availability. On a month-on-month basis, Mexico CFR NCC prices increased by around 13% in June 2026 compared with May.

Overall, the Mexican NCC market remained firm during Q2 2026, supported by resilient packaging demand, higher input and logistics costs, steady purchasing activity, and controlled supply conditions, which collectively supported the quarterly price increase.

New Corrugated Cardboard (NCC) Price Trend Analysis: Q1 2026

NCC Price Trend Q1 2026

In Q1 2026, global New Corrugated Cardboard (NCC) prices declined by 3.95% compared with Q4 2025, as market sentiment softened following the completion of year-end procurement. Demand from downstream industries, including e-commerce packaging, FMCG cartons, food and beverage packaging, consumer goods, electronics, pharmaceutical packaging, and industrial shipping applications, moderated as buyers shifted to need-based purchasing after seasonal inventory replenishment.

Supply conditions remained comfortable, with adequate availability of virgin kraftliner, testliner, recycled containerboard, and pulp supporting stable production across major manufacturing regions. Asian paper and packaging producers maintained balanced operating rates while focusing on inventory optimization amid slower export orders.

At the same time, continued geopolitical uncertainty in the Red Sea and evolving global trade policies affected shipping schedules and export planning, although easing ocean freight rates partially offset logistics costs. Feedstock prices remained largely stable due to sufficient raw material availability and balanced procurement activity.

Mills operated at steady utilization rates while inventories increased slightly because of slower downstream offtake. Overall, the global NCC market remained moderately bearish, with weaker seasonal demand outweighing stable supply conditions and balanced feedstock availability.

China: New Corrugated Container (NCC) Exported Price FOB Shanghai, China; Grade Single Wall Board (Three Liners,E Flute ).

In Q1 2026, China FOB New Corrugated Cardboard (NCC) prices fell by 3.95% from Q4 2025, pressured by weak export demand and seasonal market slowdowns. Demand from major end-use sectors, including e-commerce, FMCG, food and beverages, consumer goods, electronics, pharmaceuticals, and industrial packaging, weakened following year-end inventory restocking.

The Lunar New Year holiday further reduced manufacturing activity, export shipments, and packaging consumption, leading buyers to purchase only for immediate needs. On the supply side, market conditions remained balanced, supported by ample availability of virgin kraftliner, testliner, recycled containerboard, and pulp, which ensured stable mill operations and sufficient feedstock supplies.

Meanwhile, ongoing Red Sea shipping disruptions and global trade uncertainties continued to influence logistics planning, although declining freight rates helped ease export costs. Month-on-month, prices were largely stable in February and rose by 5.88% in March as export inquiries gradually improved after the holiday. Overall, the market remained moderately bearish during the quarter.

Thailand: New Corrugated Container (NCC) Imported Price CFR Laem Chabang ,Thailand from China: Grade Single Wall Board (Three Liners,E Flute).

In Q1 2026, Thailand’s CFR New Corrugated Cardboard (NCC) prices from China declined by 2.91% compared with Q4 2025, as demand weakened after year-end inventory replenishment. Downstream consumption from e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceutical, and industrial packaging sectors softened, while the Lunar New Year holiday reduced manufacturing activity and export shipments from China, limiting import volumes into Thailand.

Upstream conditions remained stable, with sufficient availability of virgin kraftliner, testliner, recycled containerboard, and pulp supporting consistent mill operations and adequate export supply. Geopolitical tensions in the Red Sea continued to disrupt shipping schedules, although lower ocean freight rates helped contain overall import costs.

Thai converters maintained cautious purchasing strategies, procuring only for immediate production needs amid comfortable inventory levels. Month-on-month, prices remained stable in February and increased by 5.45% in March compared with February as import demand gradually improved after the holiday period. Overall, the Thailand NCC market remained moderately bearish, supported by balanced supply conditions and improving trade activity.

Vietnam: New Corrugated Container (NCC) Imported Price CFR Hai Phong, Vietnam from China: Grade Single Wall Board (Three Liners,E Flute).

In Q1 2026, Vietnam’s CFR New Corrugated Cardboard (NCC) prices imported from China declined by 3.95% compared with Q4 2025, primarily due to weaker post-holiday demand and seasonal market softness. Downstream demand from the e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceutical, and industrial packaging sectors eased after year-end inventory replenishment, while the Lunar New Year holiday temporarily slowed manufacturing activity and reduced corrugated packaging consumption.

Upstream market conditions remained stable, supported by sufficient supplies of virgin kraftliner, testliner, recycled containerboard, and pulp, allowing Chinese manufacturers to maintain steady production and competitive export pricing.

Although Red Sea shipping disruptions and global trade uncertainties continued to influence logistics, lower ocean freight rates partially offset import costs. Vietnamese converters adopted cautious procurement strategies, purchasing only to meet immediate production requirements while keeping inventories at comfortable levels.

On a month-on-month basis, prices increased by 5.45% in March compared with February as manufacturing operations resumed and import demand gradually recovered. Overall, the Vietnam CFR NCC market remained moderately bearish, although market sentiment improved toward the end of the quarter.

Indonesia: New Corrugated Container (NCC) Imported Price CFR Jakarta, Indonesia from China: Grade Single Wall Board (Three Liners,E Flute).

In Q1 2026, Indonesia’s CFR New Corrugated Cardboard (NCC) prices imported from China declined by 4.84% compared with Q4 2025, primarily due to weaker post-holiday demand and seasonal market slowdowns. Demand from downstream industries, including e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceuticals, and industrial packaging, softened after year-end inventory replenishment, while reduced manufacturing activity lowered corrugated packaging consumption.

Upstream market conditions remained stable, supported by adequate supplies of virgin kraftliner, testliner, recycled containerboard, and pulp, enabling Chinese mills to maintain steady production and competitive export pricing. Although Strait of Hormuz shipping disruptions and global trade uncertainties continued to influence logistics, easing ocean freight rates helped limit import cost pressures.

Indonesian packaging converters adopted cautious procurement strategies, purchasing only to satisfy immediate production needs while maintaining comfortable inventory levels. On a month-on-month basis, prices increased by 5.56% in March compared with February as manufacturing activity resumed and import demand gradually improved. Overall, the Indonesia CFR NCC market remained moderately bearish, although market sentiment strengthened toward the end of the quarter.

Mexico: New Corrugated Container (NCC) Imported Price CFR Manzanillo, Mexico from China: Grade Single Wall Board (Three Liners,E Flute).

In Q1 2026, Mexico’s CFR New Corrugated Cardboard (NCC) prices imported from China declined by 4.96% compared with Q4 2025, as weaker post-holiday demand and cautious purchasing weighed on the market. Downstream demand from e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceutical, and industrial packaging sectors softened following year-end inventory replenishment, reducing corrugated packaging consumption.

Upstream conditions remained stable, with adequate supplies of virgin kraftliner, testliner, recycled containerboard, and pulp enabling Chinese producers to maintain steady production and competitive export offers. Geopolitical tensions around the Strait of Hormuz created uncertainty in global shipping and increased logistics risks, although easing ocean freight rates partially offset import costs.

Mexican importers adopted need-based procurement while maintaining comfortable inventory levels. On a month-on-month basis, prices increased by 14.88% in March compared with February as manufacturing activity recovered and import inquiries strengthened. Overall, the Mexico CFR NCC market remained moderately bearish despite improving demand toward quarter-end.

New Corrugated Cardboard (NCC) Price Trend Analysis 2025

NCC Price Trend Q3 2025

In Q3 2025, global New Corrugated Cardboard (NCC) prices increased by 1.35% compared with Q2 2025, supported by improving packaging demand and balanced supply conditions across major producing regions. Downstream demand strengthened from e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceutical, and industrial packaging sectors as export-oriented manufacturing gradually recovered ahead of the peak shipping season.

Packaging converters increased procurement to replenish inventories and meet rising domestic and overseas orders. Upstream conditions remained stable, with adequate supplies of virgin kraftliner, testliner, recycled containerboard, and pulp supporting consistent mill operations and stable production costs.

Industry reports indicated that resilient Chinese exports and supportive manufacturing activity sustained packaging demand despite ongoing geopolitical and global trade uncertainties. Mills maintained healthy operating rates while carefully managing inventories to match improving order inflows.

Export shipments remained steady across key international markets, supporting overall trade activity. Overall, the global NCC market remained moderately firm, driven by improving downstream demand, stable feedstock availability, resilient export performance, and balanced supply-demand fundamentals.

China: New Corrugated Container (NCC) Exported Price FOB Shanghai, China; Grade Single Wall Board (Three Liners,E Flute).

 In Q3 2025, China FOB New Corrugated Cardboard (NCC) prices increased by 1.35% compared with Q2 2025, supported by gradually improving export demand and balanced market fundamentals. Downstream demand from e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceutical, and industrial packaging sectors improved as manufacturers increased production ahead of the peak export season.

Packaging converters maintained steady procurement to replenish inventories, while export-oriented industries benefited from resilient overseas orders. Upstream conditions remained stable, with adequate availability of virgin kraftliner, testliner, recycled containerboard, and pulp, keeping feedstock costs largely balanced.

Chinese mills operated at healthy utilization rates, supported by stable raw material supplies and controlled inventories. Industry reports indicated that exporters continued to benefit from improving shipping activity despite ongoing global trade uncertainties, while supportive manufacturing policies helped sustain production levels.

Month-on-month, NCC prices increased by 2.25% in September compared with August as export inquiries strengthened and procurement activity improved. Overall, the China FOB NCC market remained moderately firm, supported by stable feedstock availability, improving downstream demand, and resilient export performance.

Thailand: New Corrugated Container (NCC) Imported Price CFR Laem Chabang, Thailand from China: Grade Single Wall Board (Three Liners,E Flute).

In Q3 2025, Thailand’s CFR New Corrugated Cardboard (NCC) prices from China increased by 1.48% compared with Q2 2025, supported by improving import demand and stable market fundamentals. Downstream demand from e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceutical, and industrial packaging sectors strengthened gradually as manufacturers increased production ahead of the peak export season.

Packaging demand from Thailand’s food processing and agricultural export industries also supported corrugated box consumption. Upstream conditions remained stable, with sufficient supplies of virgin kraftliner, testliner, recycled containerboard, and pulp enabling Chinese mills to maintain consistent production and reliable export availability.

Despite intermittent monsoon-related logistics disruptions across parts of Southeast Asia, shipping activity remained largely stable and trade flows continued without major interruptions. Month-on-month, prices increased by 3.05% in September compared with August as import inquiries and procurement activity improved.

Overall, the Thailand NCC market remained moderately firm, supported by resilient downstream demand, stable feedstock availability, balanced import supply, and improving regional trade conditions throughout the quarter.

Vietnam: New Corrugated Container (NCC) Imported Price CFR Hai Phong, Vietnam from China: Grade Single Wall Board (Three Liners,E Flute).

In Q3 2025, Vietnam’s CFR New Corrugated Cardboard (NCC) prices imported from China increased by 1.48% compared with Q2 2025, supported by gradually improving packaging demand and stable import activity. Downstream consumption from e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceutical, and industrial packaging sectors strengthened as export-oriented manufacturing recovered and corrugated box requirements increased.

Vietnamese converters replenished inventories to support steady production and fulfill domestic and export packaging orders. Seasonal monsoon conditions caused localized disruptions to logistics and port operations across Southeast Asia, but Chinese suppliers maintained reliable export shipments.

Upstream conditions remained balanced, with sufficient availability of virgin kraftliner, testliner, recycled containerboard, and pulp, ensuring stable feedstock costs and consistent mill operations. Month-on-month, prices increased by 3.05% in September compared with August as import demand and purchasing activity improved.

Overall, the Vietnam CFR NCC market remained moderately firm, supported by resilient downstream demand, stable feedstock availability, reliable imports, and balanced regional supply-demand fundamentals throughout the quarter.

Indonesia: New Corrugated Container (NCC) Imported Price CFR Jakarta, Indonesia from China: Grade Single Wall Board (Three Liners,E Flute).

In Q3 2025, Indonesia’s CFR New Corrugated Cardboard (NCC) prices imported from China increased marginally by 0.29% compared with Q2 2025, reflecting balanced market fundamentals. Demand from downstream sectors, including e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceuticals, and industrial packaging, remained steady as manufacturers maintained stable production and export activities.

Seasonal monsoon conditions caused minor disruptions to regional logistics and port operations, but import flows remained largely unaffected. Upstream market conditions were stable, with adequate supplies of virgin kraftliner, testliner, recycled containerboard, and pulp enabling Chinese mills to maintain consistent production and competitive export pricing.

Feedstock costs remained largely unchanged, while stable freight conditions supported regular shipments into Indonesia. On a month-on-month basis, prices increased by 1.12% in September compared with August, reflecting a modest improvement in procurement activity.

Overall, the Indonesia CFR NCC market remained stable, supported by balanced downstream demand, adequate feedstock availability, reliable imports, and steady regional supply conditions.

Mexico: New Corrugated Container (NCC) Imported Price CFR Manzanillo, Mexico from China: Grade Single Wall Board (Three Liners,E Flute).

In Q3 2025, Mexico’s CFR New Corrugated Cardboard (NCC) prices imported from China increased by 3.47% compared with Q2 2025, supported by improving import demand and stronger packaging activity. Downstream demand from e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceutical, and industrial packaging sectors strengthened as manufacturing output and export-oriented production gradually recovered.

Mexican packaging converters increased procurement to replenish inventories and meet rising corrugated box requirements. Upstream conditions remained stable, with adequate supplies of virgin kraftliner, testliner, recycled containerboard, and pulp enabling Chinese mills to maintain consistent production and competitive export pricing.

Freight availability remained sufficient despite ongoing global trade uncertainties, supporting uninterrupted shipments to Mexico. On a month-on-month basis, prices increased by 4.78% in September compared with August as import inquiries and purchasing activity strengthened.

Overall, the Mexico CFR NCC market remained moderately firm, supported by resilient downstream demand, stable feedstock availability, and balanced regional supply-demand conditions.

NCC Price Trend Q4 2025

In Q4 2025, global New Corrugated Cardboard (NCC) prices increased by 11.23% compared with Q3 2025, supported by stronger seasonal demand and improving export activity. Downstream demand from e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceutical, and industrial packaging sectors strengthened as manufacturers and retailers increased shipments ahead of the Christmas and New Year holidays.

Packaging converters expanded procurement to replenish inventories and meet rising export orders. Upstream conditions remained supportive, with stable supplies of virgin kraftliner, testliner, recycled containerboard, and pulp, while elevated energy and manufacturing costs increased production expenses.

Industry reports highlighted resilient Chinese exports despite ongoing geopolitical uncertainties and trade policy challenges, sustaining packaging demand across major overseas markets. Mills maintained healthy operating rates and balanced inventories to accommodate stronger order inflows, while stable logistics supported uninterrupted export shipments.

Overall, the global NCC market remained firmly supported by robust downstream demand, stable feedstock availability, resilient export activity, higher production costs, and balanced supply-demand fundamentals throughout the quarter.

China: New Corrugated Container (NCC) Exported Price FOB Shanghai, China; Grade Single Wall Board (Three Liners,E Flute ).

In Q4 2025, China FOB New Corrugated Cardboard (NCC) prices increased by 11.23% compared with Q3 2025, driven by stronger export demand and seasonal restocking ahead of the Christmas and New Year holidays. Downstream demand improved across e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceutical, and industrial packaging sectors as exporters increased production to meet higher overseas orders.

Chinese converters actively replenished inventories, resulting in stronger procurement of corrugated board. Upstream market conditions remained supportive, with stable availability of virgin kraftliner, testliner, recycled containerboard, and pulp, while elevated energy, labor, and manufacturing costs kept production expenses firm.

Industry reports highlighted resilient Chinese export activity despite ongoing geopolitical and trade uncertainties, supporting steady mill operating rates and balanced inventories. Month-on-month, prices remained unchanged in December compared with November, indicating market stability after earlier gains.

Overall, the China FOB NCC market remained firm, supported by healthy downstream demand, stable feedstock availability, resilient export activity, and balanced supply-demand fundamentals.

Thailand: New Corrugated Container (NCC) Imported Price CFR Laem Chabang, Thailand from China: Grade Single Wall Board (Three Liners,E Flute).

In Q4 2025, Thailand’s CFR New Corrugated Cardboard (NCC) prices from China increased by 10.20% compared with Q3 2025, driven by stronger seasonal demand and improved import activity. Downstream demand from e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceutical, and industrial packaging sectors strengthened as manufacturers and exporters increased packaging production ahead of Christmas and New Year shipments.

Thai packaging converters replenished inventories to meet higher order volumes, supporting imports from China. Upstream conditions remained firm, with stable availability of virgin kraftliner, testliner, recycled containerboard, and pulp, while elevated energy, labor, and manufacturing costs supported higher export offers.

Chinese mills maintained steady operating rates to fulfill export commitments, and resilient regional trade further supported market sentiment despite ongoing geopolitical and shipping uncertainties. Month-on-month, prices increased by 1.69% in December compared with November, reflecting continued year-end procurement.

Overall, the Thailand NCC market remained firm, supported by robust downstream demand, stable feedstock availability, resilient imports, and balanced supply-demand fundamentals throughout the quarter.

Vietnam: New Corrugated Container (NCC) Imported Price CFR Hai Phong, Vietnam from China: Grade Single Wall Board (Three Liners,E Flute).

In Q4 2025, Vietnam’s CFR New Corrugated Cardboard (NCC) prices imported from China increased by 10.79% compared with Q3 2025, driven by stronger seasonal packaging demand and improved import activity. Downstream consumption from e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceutical, and industrial packaging sectors strengthened as manufacturers and exporters increased production ahead of the Christmas and New Year holidays.

Vietnamese converters actively replenished inventories to meet higher corrugated box requirements for domestic distribution and export shipments. Upstream market conditions remained firm, with stable availability of virgin kraftliner, testliner, recycled containerboard, and pulp, while elevated energy and production costs in China supported higher export quotations.

Ongoing Red Sea shipping disruptions and higher logistics expenses further increased CFR import costs during the quarter. Chinese mills maintained healthy operating rates to meet export demand, ensuring consistent supply despite global trade uncertainties.

Month-on-month, prices remained unchanged in December compared with November. Overall, the Vietnam CFR NCC market remained firm, supported by robust downstream demand, resilient imports, and balanced supply fundamentals.

Indonesia: New Corrugated Container (NCC) Imported Price CFR Jakarta, Indonesia from China: Grade Single Wall Board (Three Liners,E Flute).

In Q4 2025, Indonesia’s CFR New Corrugated Cardboard (NCC) prices imported from China increased by 10.56% compared with Q3 2025, supported by stronger seasonal demand and higher import requirements. Downstream demand from e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceutical, and industrial packaging sectors improved as manufacturers increased production ahead of the Christmas and New Year holidays.

Indonesian packaging converters replenished inventories to meet higher demand for corrugated boxes across domestic and export markets. Upstream conditions remained supportive, with adequate supplies of virgin kraftliner, testliner, recycled containerboard, and pulp, while elevated energy and manufacturing costs in China strengthened export quotations.

Red Sea shipping disruptions and higher freight expenses also contributed to firmer CFR prices. On a month-on-month basis, prices increased by 1.67% in December compared with November, reflecting sustained procurement activity. Overall, the Indonesia CFR NCC market remained firm, supported by healthy downstream demand, stable feedstock availability, resilient imports, and balanced market fundamentals.

Mexico: New Corrugated Container (NCC) Imported Price CFR Manzanillo, Mexico from China: Grade Single Wall Board (Three Liners,E Flute).

In Q4 2025, Mexico’s CFR New Corrugated Cardboard (NCC) prices imported from China increased by 9.78% compared with Q3 2025, driven by stronger seasonal demand and improved import activity. Downstream demand from e-commerce, FMCG, food and beverage, electronics, consumer goods, pharmaceutical, and industrial packaging sectors strengthened as manufacturers increased packaging production ahead of the Christmas and New Year holidays.

Mexican converters replenished inventories to meet higher corrugated box requirements for domestic consumption and export-oriented industries. Upstream conditions remained firm, supported by adequate supplies of virgin kraftliner, testliner, recycled containerboard, and pulp, while elevated production and energy costs in China supported higher export quotations.

Geopolitical uncertainties and shipping risks around the Strait of Hormuz added pressure to logistics planning and import costs. On a month-on-month basis, prices declined by 3.17% in December compared with November as year-end procurement slowed. Overall, the Mexico CFR NCC market remained firm, supported by healthy downstream demand and stable feedstock availability.

Technical Specifications of New Corrugated Cardboard (ncc) Price Trends

Product Description

New Corrugated Container (NCC) is a high-quality corrugated paperboard grade manufactured from virgin or high-grade recycled fibers for use in premium packaging applications. It typically features a multi-layer construction comprising two flat linerboards bonded to a fluted corrugating medium, providing excellent compression strength, cushioning performance, and durability while maintaining a lightweight structure.

Owing to its superior fiber quality and clean composition, NCC delivers high burst strength, edge crush resistance, and stacking performance, making it suitable for demanding packaging and transportation requirements. The material is produced under stringent quality standards with minimal contaminants, ensuring consistent performance during printing, converting, and box manufacturing.

NCC is widely used in the production of corrugated shipping cartons, e-commerce packaging, industrial containers, consumer goods packaging, and export boxes. Its combination of structural strength, recyclability, and sustainability makes New Corrugated Container an essential packaging material for modern supply chains, logistics, and global commerce.

Identifiers and Classification:

HS Code: 48081000

New Corrugated Container (NCC) Synonyms:

  •  Corrugated Containerboard
  •  Corrugated Boxboard
  •  Corrugated Packaging Board
  •  Corrugated Paperboard
  • Corrugated Sheet Board
  •   Corrugated Fiberboard
     

New Corrugated Container (NCC) Grades Specific Price Assessment:

  • Single Wall Board (Three Liners, E Flute)

 

New Corrugated Container (NCC) Global Trade and Shipment Terms:

Quotation Terms (Product & Country Specific):

Packaging Type (Product & Country Specific): Rolls

Incoterms Referenced in New Corrugated Container (NCC) Price Reporting:

Shipping Term Location Definition
FOB China Shanghai, China New Corrugated Container (NCC) Export Price from China
Ex- Zhejiang Zhejiang, China New Corrugated Container (NCC) Domestically traded price in China
Laem Chabang (CHINA) Laem Chabang, Thailand New Corrugated Container (NCC) Import Price in Thailand from China.
CFR Hai Phong (CHINA) Hai Phong, Vietnam. New Corrugated Container (NCC) Import Price in Vietnam from China.
 CFR Jakarta (CHINA) Jakarta, Indonesia New Corrugated Container (NCC) Import Price in Indonesia from China.
CFR Manzanillo (CHINA)  Manzanillo, Mexico New Corrugated Container (NCC) Import Price in Mexico from China.

Quotation Terms refers to the quantity range specified for New Corrugated Container (NCC) being quoted or offered in a commercial transaction.

Packaging Type refers to standard packaging size commonly used for New Corrugated Container (NCC), ease of handling, transportation, and storage in industrial and commercial applications.

New Corrugated Container (NCC) Mills:

Mills
Nine Dragons Paper (HOLDINGS) Limited
Shanying International Holdings Co., Ltd.
Lee & Man Paper Manufacturing Ltd.
Xiamen Hexing Packaging Printing Co., Ltd.
Shenzhen YUTO Packaging Technology Co., Ltd.

New Corrugated Cardboard (ncc) Industrial Applications

Historically, several events have caused significant fluctuations in New Corrugated Cardboard (ncc) prices

Weak Packaging Demand & Balanced Supply (2025–2026): Slower demand from e-commerce, consumer goods, industrial manufacturing, and export-oriented packaging sectors, combined with adequate containerboard availability, weighed on NCC prices. Packaging converters adopted cautious procurement strategies, while stable mill operating rates and sufficient inventories limited price recovery.

Demand Moderation & Competitive Export Market (2024–2025): Softer global packaging demand, weaker manufacturing activity, and increased competition among Asian exporters pressured NCC prices. Stable feedstock availability and disciplined purchasing by packaging converters resulted in a balanced but cautious market environment.

Feedstock Cost Volatility & Economic Uncertainty (2023–2024): Fluctuations in virgin kraftliner, testliner, recycled containerboard, and pulp prices influenced NCC production costs. Economic uncertainty and changing consumer spending patterns led to periodic inventory adjustments and moderate price volatility across global packaging markets.

Energy Inflation & Higher Logistics Costs (2022–2023): The Russia–Ukraine conflict increased energy, fuel, freight, and manufacturing costs, raising NCC production and transportation expenses. Supply chain disruptions and elevated logistics costs supported higher prices despite uneven demand from downstream packaging industries.

Post-Pandemic Manufacturing Recovery (2021–2022): Economic reopening boosted demand for corrugated packaging across e-commerce, FMCG, food and beverage, electronics, and industrial sectors. Strong export activity, higher containerboard consumption, and inventory restocking by packaging converters supported significant NCC price increases.

COVID-19 Supply Chain Disruptions (2020–2021): The pandemic disrupted manufacturing operations, container availability, and international logistics, affecting NCC production and trade. Despite these challenges, strong demand from e-commerce, healthcare, food, and essential consumer goods packaging supported the market, while supply chain constraints and freight disruptions resulted in significant price volatility.

Why Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global new corrugated cardboard (ncc) price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the new corrugated cardboard (ncc) market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence new corrugated cardboard (ncc) prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely new corrugated cardboard (ncc) market data.

Track Price Watch'sâ„¢ new corrugated cardboard (ncc) price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

New Corrugated Cardboard (ncc) Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

New Corrugated Cardboard (NCC) is a newly manufactured corrugated packaging material produced from virgin and/or high-quality recycled containerboard. It is widely used for shipping cartons, e-commerce packaging, FMCG goods, food and beverage products, industrial packaging, and export boxes. NCC prices directly influence packaging costs and are affected by raw material prices, energy costs, demand, freight rates, and manufacturing activity. Price Watchâ„¢ tracks these prices to help businesses understand market movements.

NCC prices vary by board grade, flute type, basis weight, specifications, and delivery terms. Prices also differ by region, production costs, freight expenses, and contract conditions. Price Watchâ„¢ provides real-time NCC price assessments across major global markets.

NCC prices are influenced by demand from packaging industries, containerboard and kraftliner costs, pulp prices, manufacturing activity, freight rates, energy costs, export demand, inventory levels, and global supply-demand dynamics.

Major end-use industries include e-commerce, FMCG, food and beverage, consumer goods, electronics, pharmaceuticals, industrial manufacturing, logistics, and export packaging. Price Watchâ„¢ monitors demand across these sectors.

NCC is manufactured by paper and packaging companies using corrugated containerboard produced from virgin fibers, recycled fibers, or a combination of both. It is converted into corrugated sheets and boxes for commercial and industrial packaging applications.

China is one of the leading exporters of NCC, supplying major importing markets across Southeast Asia, Latin America, the Middle East, and other international destinations. Price Watchâ„¢ monitors global trade flows and export trends.

Global NCC supply is generally adequate, although temporary shortages or surpluses may occur due to production maintenance, seasonal demand, raw material availability, and logistics disruptions. Price Watchâ„¢ tracks these market changes.

NCC prices vary according to flute profile, board construction (single-wall, double-wall, triple-wall), basis weight, burst strength, edge crush resistance (ECT), and paper quality. Higher-performance grades generally command premium prices.

When NCC demand rises, packaging converters increase procurement, mills operate at higher utilization rates, inventories tighten, and prices generally strengthen due to higher consumption across packaging industries.

Energy costs significantly influence NCC production because paper manufacturing, corrugating, drying, and converting processes consume substantial electricity and fuel. Higher energy prices increase manufacturing costs and can support higher NCC prices.

Regional price variations result from differences in raw material costs, labor expenses, energy prices, freight rates, import duties, exchange rates, local demand, production capacity, and competitive market conditions.

NCC prices are expected to fluctuate according to containerboard costs, packaging demand, manufacturing activity, freight rates, energy prices, and global trade conditions. Price Watchâ„¢ provides regular market forecasts based on supply-demand fundamentals.

Yes. NCC price forecasts help packaging manufacturers, converters, distributors, traders, and end-users optimize procurement strategies, manage inventories, reduce costs, and improve budgeting decisions.

Events such as geopolitical conflicts, shipping disruptions, energy price fluctuations, trade policy changes, natural disasters, and economic slowdowns can affect raw material availability, production costs, freight rates, and overall NCC prices.

Price Watchâ„¢ provides reliable NCC market intelligence through global price assessments, market analysis, trade insights, and forecasts based on real-time information from manufacturers, converters, distributors, traders, and packaging companies.

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Access Real-Time New Corrugated Cardboard (NCC) Price Trends