中国造纸行业集中度将加速提高

Concentration degree in China paper industry increasingly enhances

大型企业产能的快速扩张以及落后产能的淘汰,将导致行业集中度加速提升,市场份额与利润向大型企业集中。行业供给过剩的常态化是导致造纸行业后期集中度快速提高的客观原因,但各子行业后期市场集中度提升情况和市场景气度情况也不同。

The rapidly expansion in productive capacity in the large-scale enterprises and the elimination of backward productive capacity will result in an accelerating enhancement for the industrial concentration degree,with the market shares and benefits concentrated to large enterprises.The normalization of over-supply is the objective reason for the accelerating enhance of concentration degree,but the rising situation of it and the rising power for market vary from sub-sector to subsector in the later period of paper industry.