The introduction of export taxes from mid-autumn forced producers to increase prices in the domestic market. The price of some types of cardboard increased by almost 15% just a week after the tax was introduced. “Kommersant” with reference to their own sources.
Experts expect price increases to continue until the end of the year. But at the beginning of 2023 the situation may change dramatically.
“In January, a new pulp and cardboard factory with a capacity of 600 thousand tons will come into operation in Ust-Ilimsk (Ilim Group). Initially, these volumes were supposed to be exported mainly to China, but after the introduction of the tax, most likely a significant part will remain in Russia, which will cause overproduction and lead to a tremendous drop in prices, “said Denis Kondratyev from System Solutions Central case commented about.
First Deputy Prime Minister Andrei Belousov stated on October 20 that export taxes in their current form eliminate 30-40 percent of additional income from exporters due to the devaluation of the ruble.
Previously, the pulp and paper industry (PP) in Russia was actively developing as an export-oriented industry. Therefore, sanctions and logistics restrictions have particularly affected manufacturers, especially in the European part of the country. However, the weakening of the ruble since the middle of the year had a positive impact on the situation in the sector.
Manufacturers believe that the government must now encourage exports of pulp and paper products to prevent the failure of the domestic market. According to them, export duties should only be applied to products that are in short supply on the Russian market, such as cardboard boxes.
In mid-October, it became clear that Russia did not intend to completely eliminate this situation. to cancel Restrictions were imposed on diesel fuel exports.
The results have been mentioned before limitations Transportation of wooden panels through Kazakhstan.