Price Watch™ provides price assessments for Testliner across top trading regions:
Asia-Pacific
- Testliner 140 GSM FOB Laem Chabang, Thailand
- Testliner 175 GSM FOB Laem Chabang, Thailand
- Testliner 140 GSM CIF Shanghai (Vietnam), China
- Testliner 140 GSM CIF Shanghai (Thailand), China
- Testliner 175 GSM CIF Shanghai (Thailand), China
- Testliner 175 GSM CIF Shanghai (Vietnam), China
- Testliner 140 GSM FOB Nhava Sheva, India
- Testliner 140 GSM FOB Haiphong, Vietnam
- Testliner 175 GSM FOB Haiphong, Vietnam
- Testliner 140 GSM CIF Colombo (India), Shri Lanka
- Testliner 140 GSM CIF Jabel Ali (India), United Arab Emirates
North America
- Testliner 140 GSM FOB Montreal, Canada
- Testliner 140 GSM CIF Houston (Canada), United state of America
Europe
- Testliner 2175 GSM FD Hamburg, Germany
- Testliner 2 140 GSM FD Hamburg, Germany
- Testliner 2140 GSM FD Southampton, UK
- Testliner 2 175 GSM FD Southampton, UK
- Testliner 2 140 GSM FD Gdynia, Poland
- Testliner 2 175 GSM FD Gdynia, Poland
- Testliner 2 140 GSM FD Marseille, France
- Testliner 2 175 GSM FD Marseille, France
- Testliner 2 140 GSM FD Genoa, Italy
- Testliner 2 175 GSM FD Genoa, Italy
South America
- Testliner 140 GSM CIF Callao (Canada), Peru
Middle East
- Testliner 140 GSM CIF Jubail (India), Saudi Arabia
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.
Note:- FSC Approval: All our grades are FSC certified, ensuring they meet sustainability standards for responsible sourcing.
Bursting Factor (BF) Standards:
- Thailand-24 BF
- Vietnam-24 BF
- India -20 BF
- Cannada-24 BF
- Germany, UK, Poland, France, Italy-24 BF
Testliner Price Trend Q4 2025
In Q4 2025 the Testliner prices has been declining by 6% compared with Q3 2025, as anticipated festive demand has remained below expectations and oversupply conditions have continued to weigh on pricing dynamics. Corrugated box requirements from retail, e-commerce, and FMCG distribution channels have been moderate, failing to create meaningful upward traction despite seasonal shipment cycles.
Testliner prices have been softening gradually amid comfortable scrap availability, reducing cost pressure on mills and limiting price support. Producers have been strategically lowering operating rates to prevent excessive inventory accumulation and to stabilize margins in a weak demand environment.
Export markets have been highly competitive, with suppliers offering aggressive pricing to secure limited spot orders. Overall, the market has maintained a subdued and cautious tone, characterized by restrained procurement activity, sufficient material availability, and persistent margin compression across major producing regions.
Thailand: Testliner Exported Prices FOB Laem Chabang, from Thailand; Grade- Testliner 140 GSM
In Q4 2025, the Testliner prices has been falling by 4.5% compared with Q3 2025, with prices averaging around 390-400 USD per metric ton. Festive and year-end demand from retail, e-commerce, and FMCG packaging has underperformed expectations, while supply has remained elevated. Recovered paper prices have been softening gradually, reducing cost support for producers. Thai mills have been strategically reducing operating rates to rebalance inventories and manage margins. Export shipments have been facing strong competition, limiting upward price movement.
Seasonal demand has been slowing in post-harvest agricultural shipments and industrial production. Overall, the global containerboard market has been experiencing subdued sentiment, elevated supply levels, competitive export dynamics, and cautious procurement, amplifying downward pricing pressure and restricting market recovery compared with the previous quarter. On month on month basis, the prices have been declining by 1.5% in December compared with November.
China: Testliner Imported Prices CIF Shanghai, China from Vietnam; Grade- Testliner 140 GSM
In Q4 2025, the Testliner prices has been declining further by 1.8% compared with Q3 2025, with prices averaging around 450-465 USD per metric ton. Demand from converters and corrugated box producers has been underperforming expectations, as retail and e-commerce shipments have remained moderate while industrial and FMCG packaging orders have been cautious.
End-use applications have been stable but insufficient to absorb full import capacity, leading to competitive pricing among Vietnamese exporters. Recycled paper costs in Vietnam have been softening slightly, reducing cost support for mills and contributing to muted price adjustments. Producers have been lowering operating rates selectively to avoid excessive inventory accumulation and manage profitability amid weaker demand.
Seasonal trends, including the post-peak festive period, have been further moderating packaging consumption in China. Overall, the regional containerboard market has been showing subdued sentiment, characterized by cautious procurement, ample supply, and narrowing export margins. Compared with the previous quarter, pricing and trade activity have been softening further, reflecting persistent oversupply conditions and limited short-term growth prospects. On month on month basis, the prices have been declining by 1% in December2025 compared to November 2025.
India: Testliner Exported Prices FOB Nhava Sheva, from India; Grade- Testliner 140 GSM
In Q4 2025, the Testliner prices has been continuing its downward trajectory, declining by 7.5% compared with Q3 2025, with FOB Nhava Sheva prices averaging Between 340-360 USD per metric ton. Demand from converters, retail packaging, and export shipments has been moderate and insufficient to invigorate pricing, with key importers exercising disciplined procurement. Recycled paper feedstock costs have been softening, reducing cost support, while ample inventory and competitive exporter pricing have constrained upward moves on the price chart.
Seasonality has been unfavorable, as postharvest packaging and industrial shipments have softened. Overall, the containerboard market has been reflecting subdued conditions, constrained demand, and restrained pricing dynamics compared with the previous quarter, consistent with global containerboard market trends marked by cautious buyer behaviour and ample supply. On month on month basis, the prices have been declining by 2.5% in December2025 compared to November 2025.
Vietnam: Testliner Exported Prices FOB Haiphong, from Vietnam; Grade- Testliner 140 GSM
In Q4 2025, the Testliner prices has been declining further by 2.0% compared with Q3 2025, with FOB Haiphong prices averaging between 400-410 USD per metric ton. Although the rate of decline has been slower than in the previous quarter, the price Trend has continued to weaken due to moderate festive demand and sustained supply availability. On month-on-month basis, prices have been gradually softening by 1.0% in December 2025 compared to November 2025, as exporters have been adjusting offers to secure limited orders.
Demand from retail packaging, e-commerce shipments, processed food exports, and consumer goods distribution has been stable but below expectations. The price Chart has been reflecting continued downward pressure amid competitive regional Market conditions. Seasonally, post-harvest slowdowns and cautious year-end procurement have been dampening corrugated box demand. Overall, the Market has been showing subdued sentiment, balanced-to-long supply conditions, and restrained purchasing activity.
Shri Lanka: Testliner Imported Prices CIF Colombo, India from Shri Lanka; Grade- Testliner 140 GSM
In Q4 2025, the Testliner price has been declining further by 6.5% compared with Q3 2025, prices averaging between 375-395 USD per metric ton. Although the pace of decline has been slower than in the previous quarter, the price Trend has remained under pressure due to moderate festive demand and sufficient import supply.
On month-on-month basis, prices have been gradually softening by 2.0% in December 2025 compared to November 2025, indicating a stabilizing but still downward price Chart pattern. End-use applications such as retail packaging, e-commerce shipments, processed food distribution, and household goods packaging have been stable but below peak seasonal expectations.
Importers have been maintaining cautious procurement strategies amid currency sensitivity and cost management efforts. Seasonally, post-harvest slowdowns and conservative year-end stocking have been limiting demand recovery. Overall, the Market has been showing balanced-to-long supply conditions, muted consumer activity, and continued softness in prices compared with the previous quarter.
United Arab Emirates: Testliner Imported Prices CIF Jabel Ali, India from United Arab Emirates; Grade- Testliner 140 GSM
In Q4 2025, the Testliner prices in the United Arab Emirates has been declining further by 6.2% compared with Q3 2025, with CIF Jebel Ali prices averaging between 365-380 USD per metric ton. Although the rate of decline has been slower than in Q3, the price Trend has remained under pressure due to moderate festive demand and sustained import availability. On month-on-month basis, prices has been gradually softening by 1.0% in December 2025 compared to November 2025, indicating continued but less aggressive downward adjustments on the price Chart.
End-use demand from retail packaging, e-commerce shipments, processed food imports, and consumer goods distribution has been stable but below peak seasonal expectations. Importers have been maintaining cautious inventory strategies amid competitive supplier pricing and balanced regional supply. Seasonally, post-summer trade recovery has been modest, limiting demand rebound. Overall, the Market has been showing subdued buying interest, sufficient stock levels, and continued softness in prices compared with the previous quarter.
Canada: Testliner Exported Prices FOB Montreal, from Canada; Grade- Testliner 140 GSM
In Q4 2025, the Testliner prices has been declining by 6.2% compared with Q3 2025, with prices averaging between 390-420 USD per metric ton. The price Trend has been weakening more sharply as year-end export shipments have been falling short of expectations and overseas buyers have been maintaining cautious purchasing strategies. On month-on-month prices, prices have been consistently softening by 2.5% in December 2025 compared to November 2025. Demand from key end-use sectors including retail packaging, processed food exports, consumer durables, and seasonal agricultural shipments has been stable but insufficient to offset ample supply.
The price Chart has been reflecting sustained downward pressure amid competitive global containerboard offers and balanced domestic production. Seasonally, post-harvest and winter slowdowns in construction and industrial activity have been further dampening corrugated packaging consumption. Overall, the Market has been exhibiting subdued sentiment, comfortable inventory levels, and continued downward movement in prices compared with the previous quarter.
United state of America: Testliner Imported Prices CIF Houston, Canada from United state of America; Grade- Testliner 140 GSM
In Q4 2025, the Testliner Prices in the United States has been declining further by 6.2% compared with Q3 2025, with CIF Houston prices averaging between 390-425 USD per metric ton. The price Trend has been weakening more sharply as year-end demand has been falling short of expectations despite seasonal retail shipments. End-use demand from consumer goods packaging, processed food distribution, and holiday e-commerce logistics has been present but insufficient to absorb consistent import volumes.
The price Chart has been reflecting a steeper downward slope as competitive global offers and stable domestic mill output have been pressuring import prices. On a month-on-month basis, December prices have been decreasing by 2.5% in December2025 compared with November 2025, highlighting continued softening into year end. Seasonally, post-holiday inventory planning and cautious contract negotiations have been limiting forward bookings. Overall, the Market has been showing subdued sentiment, ample supply availability, and sustained downward pressure on prices relative to the previous quarter.
Germany: Testliner Domestically traded Prices FD Hamburg, In Germany; Grade- Testliner 140 GSM
In Q4 2025, the Testliner prices has been declining by 6.5% compared with Q3 2025, with prices averaging between 350-370 USD per metric ton. The price Trend has been weakening more sharply as year-end industrial activity and export-driven packaging demand have been underperforming expectations. End-use sectors such as retail packaging, machinery exports, electronics distribution, and seasonal consumer goods shipments have been present but insufficient to offset steady production levels.
The price Chart has been indicating a steeper downward slope, aligned with broader European containerboard Market softness and easing recovered fiber costs. Seasonally, winter slowdowns and cautious contract renewals have been influencing procurement strategies. Overall, the Market has been showing subdued buying interest, competitive domestic supply, and continued downward pressure on prices relative to the previous quarter. On a month-on-month basis, December 2025 prices have been decreasing by 1.5% compared with November 2025.
UK: Testliner Domestically traded Prices FD Southampton, In UK; Grade- Testliner 140 GSM
In Q4 2025, the UK Testliner prices has been declining by 4.8% compared with Q3 2025, with prices averaging between 390-410 USD per metric ton. The price Trend has been weakening more noticeably as anticipated year-end retail and holiday packaging demand has been underperforming expectations.
Downstream demand from food distribution, consumer goods shipments, and industrial packaging has been present but insufficient to absorb steady domestic production. At the same time, upstream recovered paper costs have been easing, reducing cost support and contributing to competitive pricing strategies.
The price Chart has been showing a steeper downward slope than in Q3, reflecting sustained pressure on prices across the broader European containerboard Market. Seasonally, post-holiday inventory planning and cautious contract renewals have been influencing procurement volumes.
Overall, the Market has been exhibiting subdued sentiment, comfortable supply levels, and continued downward pressure compared with the previous quarter. On a month-on-month basis, December 2025 prices have been declining by 1.5% compared with November 2025.
Poland: Testliner Domestically traded Prices FD Gdynia, In Poland; Grade- Testliner 140 GSM
In Q4 2025, the Testliner Prices has been declining more sharply by 7.1% compared with Q3 2025, with prices averaging between 360-380 USD per metric ton. The price Trend has been steepening as year-end industrial and retail packaging demand has underperformed seasonal expectations, despite typical holiday logistics. Downstream converters have been deferring orders amid cautious inventory management, particularly in FMCG and e-commerce sectors, while upstream recovered paper costs have been easing, reducing pressure for higher pricing.
Seasonal factors, including winter slowdowns in construction-related shipments and reduced agricultural packaging, have compounded weaker demand. The price Chart has been showing a sharper downward trajectory than in Q3, reflecting increased oversupply and competitive domestic mill offers On a month-on-month basis, September 2025 prices have been slightly lower than August 2025, with a decrease of around 1.5% over the previous month. Overall, the Market has been exhibiting subdued sentiment, constrained buying activity, and pronounced price pressure.
France: Testliner Domestically traded Prices FD Marseille, In France; Grade- Testliner 140 GSM
In Q4 2025, the Testliner Prices has been declining more sharply by 5.0% compared with Q3 2025, with prices averaging between 370-390 USD per metric ton. The price Trend has been weakening as year-end packaging demand from retail, holiday shipments, and industrial sectors has been softer than expected. Downstream corrugated converters have been postponing orders amid cautious inventory management, especially in FMCG and e-commerce channels, while upstream recovered paper costs have been easing, limiting any cost-driven price support.
The price Chart has been showing a pronounced downward slope, reflecting both oversupply and subdued demand. Seasonal factors such as reduced construction activity and holiday-related slowdowns have further contributed to softer Market conditions. Overall, the Market has been exhibiting subdued buying interest, ample inventory, and continued price pressure. On a month-on-month basis, December 2025 prices have been decreasing by 1.5% compared to November 2025.
Italy: Testliner Domestically traded Prices FD Genoa, In Italy; Grade- Testliner 140 GSM
In Q4 2025, Testliner prices has been weakening by 6.2% compared to Q3 2025, with FD Genoa prices have been averaging 370–390 USD per metric ton, as the price decline has been steepening due to year-end demand shortfalls for corrugated packaging from retail, e-commerce, and industrial sectors below seasonal expectations, downstream converters have been limiting orders amid cautious inventory management, while recovered paper costs have been easing to reduce price support, compounded by seasonal slowdowns in construction, holiday logistics, and industrial shipments, with stable end use demand from processed foods, beverages, and durable goods having been failing to spur recovery price charts have been showing a sharper downward trajectory than Q3 amid oversupply and domestic mill competition, reflecting overall subdued buying, constrained trade, and persistent price pressure, including a 1.5% month-on-month drop that December 2025 prices have been experiencing when compared to November 2025.
Peru: Testliner Imported Prices CIF Callao, Peru from Canada; Grade- Testliner 140 GSM
In Q4 2025, the Testliner Prices has been weakening more sharply by 6.2% compared with Q3 2025, with prices averaging between 390-425 USD per metric ton. The price Trend has been steepening as year-end demand from retail, export packaging, and industrial shipments has underperformed seasonal expectations. Downstream converters have been limiting procurement amid cautious inventory management, while upstream feedstock costs, including recovered paper, have been easing, reducing cost-driven support.
The price Chart has been showing a pronounced downward trajectory compared with Q3, reflecting both oversupply and softer demand. Seasonal factors, including slower shipping schedules and holiday periods, have further dampened consumption. On a month-on-month basis, December 2025 prices have been declining by around 2.5% compared with the November 2025. Overall, the Market has been reflecting subdued buying interest, cautious trading, and amplified price pressure relative to the previous quarter
Saudi Arabia: Testliner Imported Prices CIF Jubail, Saudi Arabia from India; Grade- Testliner 140 GSM
In Q4 2025, the Testliner has been softening by 5.8% compared with Q3 2025, with prices averaging between 400-425 USD per metric ton. The price Trend has been continuing downward as year-end packaging demand has been slower than typical seasonal expectations, particularly in retail and industrial segments. Downstream converters have been adopting conservative procurement strategies, reducing order sizes and managing inventories amid limited demand recovery. Upstream recovered paper costs have been easing further, offering minimal support for higher pricing.
The price Chart has been showing a continued declining slope, reflecting oversupply and cautious Market sentiment. Seasonally, reduced construction activity and the holiday period have contributed to softer trade flows. Overall, the Market has been exhibiting subdued demand, restrained buying behaviour, and ongoing pressure on prices relative to the previous quarter. On a month-on-month basis, December 2025 prices have been lower than November 2025, declining by approximately 2.5% over the previous month.








