Question

3. What effect did the setting up of paper mills in
Europe have on book production?

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Answer 1

Explanation:

Growth is speedy in Asia; it accounts for almost 40% total world paper and paperboard production whereas the European Union (EU) and North America account for about one quarter each. The profitability of pulp and paper industry has been weak on the global level in recent years. Excess capacity has led to falling product prices that have, with the impact of rising production costs, eroded the industry’s profitability globally.

The European industry has been dismantling overcapacity by shutting down mills that do not make any profit. In all, over 5% of the production volume in Europe has been closed down in the past few years. Globally speaking, the products of the forest industry are primarily consumed in their country of production, so it can be considered a domestic-market industry. The largest trade flows are between the countries of Central Europe and between the Nordic countries and Central Europe.