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Coated Free Sheet Paper From China, Indonesia, and Korea - page 62 / 198

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Industry capacity

During the period of investigation, the capacity utilization rate for Chinese producers of CFS paper slightly increased from *** percent in 2003 to *** percent in 2005; it is projected to reach *** percent in 2006. The capacity utilization rate for producers in Indonesia increased from *** percent in 2003 to *** percent in 2005; it is projected to reach *** percent in 2006. The capacity utilization rate for producers in Korea increased from 91.3 percent in 2003 to 95.9 percent in 2005; it is projected to be 94.8 percent in 2006. These levels of capacity utilization indicate that subject producers have very little, if any, unused capacity with which they could increase production of CFS paper in the event of a price change.

Alternative markets

Available data indicate that producers in China, Indonesia, and Korea do have the ability to divert shipments to or from alternative markets in response to changes in the price of CFS paper. Shipments of CFS paper from China to the United States increased from approximately *** percent of total shipments in 2003 to *** percent in 2005. The share of shipments from China to export markets other than the United States increased from about *** percent in 2003 to *** percent in 2005 with the remainder going to its home market, including internal consumption. Shipments of CFS paper from Indonesia to the United States increased from approximately *** percent of total shipments in 2003 to *** percent in 2005. The share of shipments from Indonesia to export markets other than the United States decreased from *** percent in 2003 to *** percent in 2005, with the remainder going to its home market, including internal consumption. Shipments of CFS paper from Korea to the United States decreased from approximately 19.4 percent of total shipments in 2003 to 18.9 percent in 2005. The share of shipments from Korea to export markets other than the United States increased from 35.2 percent in 2003 to 36.0 percent in 2005, with the remainder going to its home market, including internal consumption.

Inventory levels

Inventories of subject producers in China, as a share of total shipments, increased from *** percent in 2003 to *** percent in 2004, before decreasing to *** percent in 2005. Inventories of subject producers in Indonesia, as a share of total shipments, increased from *** percent in 2003 to*** percent in 2005. Inventories of subject producers in Korea, as a share of total shipments, increased from 4.9 percent in 2003 to 5.3 percent in 2005. These data indicate that foreign producers have a very limited ability to use inventories as a means of increasing shipments of CFS paper to the U.S. market.

Nonsubject Imports

Based on official Commerce data, U.S. imports of CFS paper from nonsubject sources accounted for 59.5 percent of the quantity of total U.S. imports in 2005. The major sources of nonsubject imports of CFS paper include Canada, Finland, and Germany.

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