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Capacity: maximum possible production given current facilities.

Consumer surplus: Area under the demand curve and above the price, the value of consumption minus its cost at a given price.

Consumption: Production plus imports, minus exports.

Demand (of final product): Quantity consumed.

Elasticity: Percentage change in one variable (e.g. demand) due to a 1% change in another (e.g. price), other things being equal.

Manufacture (of intermediate product): Quantity produced.

Manufacturing coefficient: Quantity of input needed per unit of output.

Manufacturing cost: The cost of making a product, exclusive of raw materials.

Market clearing price: The price at which quantity supplied is equal to quantity demanded.

Net trade: Exports minus imports.

Producer surplus: Area above the supply curve and below the price, the value of production at a given price minus the cost of production.

Projection: Conditional forecast, given specific assumptions regarding economic growth, timber supply potential, technical change, and trade inertia.

Recovery rate (of waste paper): The ratio of waste paper collected to total paper consumption.

Shadow price (of capacity): The marginal value of one additional unit of capacity.

Supply (of raw material): Quantity produced.

Supply potential (of raw material): maximum possible production, in sustainable fashion.

Utilization rate (of waste paper): The ratio of waste paper consumption to total paper and paperboard production.

GDP: Gross domestic products at purchaser values is the sum of GDP at factor cost and indirect taxes, less subsidies.

Roundwood: All wood in the rough, obtained from removals. Includes sawlogs, veneer logs, pulpwood, other industrial roundwood, and fuelwood.

Fuelwood & Charcoal: Wood in the rough to be used as fuel for purposes such as cooking, heating or power production.

Industrial roundwood: All industrial wood in the rough, including sawlogs, veneer logs, pulpwood, and other industrial roundwood.

Other industrial roundwood: Roundwood used for tanning, distillation, match blocks, gazogenes, poles, piling, posts, pitprops, etc.

Sawnwood: Sawnwood and railroad sleepers.

Wood-based panels: Includes veneer sheets, plywood, particle board, and fibreboard.

Veneer sheets: A thin sheet of wood of uniform thickness for use in plywood, laminated construction, furniture, veneer containers, etc.

Plywood: A panel made of glued veneer sheets, includes also core plywood, blockboard, laminboard, and battenboard.

Particle board: A panel manufactured from small pieces of wood or other ligno-cellulosic materials.

Fibreboard: A panel manufactured from fibres of wood or other ligno-cellulosic materials.

Wood pulp: Includes mechanical, semi-chemical, chemical, and dissolving wood pulp.

Mechanical wood pulp: Wood pulp obtained by grinding or milling wood into fibre.

Semi-chemical wood pulp: Wood pulp obtained by subjecting wood to a series of mechanical and chemical treatments.

Chemical wood pulp: Includes kraft, and soda and sulphite wood pulp, except dissolving grades, bleached, semi-bleached, and unbleached.

Other fibre pulp: Pulp of fibrous vegetable materials other than wood, including straw, bamboo, bagasse, esparto, other reeds or grasses, cotton, etc.

Waste paper: Recycled paper and paperboard.

Paper and paperboard: Includes newsprint, printing and writing paper, and other paper and paperboard.

Newsprint: Uncoated paper, unsized, containing at least 60% mechanical wood pulp, usually weight between 40 g/m2 and 60 g/m2. It is used mainly for the printing of newspapers.

Printing and writing paper: Suitable for printing and business purposes, writing, sketching, drawing, etc. except newsprint.

Other paper and paperboard: Includes construction paper and paperboard, household and sanitary paper, special thin paper, wrapping paper and packaging paper and paperboard.

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