The papermaking market is in flux as a result of the Brexit vote, but the Irish Papermaking Association has some advice for anyone thinking of buying a papermaker in the country.
The industry is “very fragmented and there’s a lot of uncertainty”, the group said in a statement.
The papermaking industry is experiencing a lot more uncertainty than it did in the last few months.
There are only around 600 people working in the papermaking sector in Ireland and they are struggling to survive.
They are struggling with competition from the online marketplace and from new entrants like Etsy, Etsy said in an announcement.
“It is vital that we diversify our business models and stay focused on our customers,” Etsy added.
“Our business model is to offer a high-quality product with a fast delivery time and good value for money.”
In the wake of Brexit, the paper manufacturing industry has faced challenges as the European Union’s free movement rules come into effect and the Irish market is flooded with orders.
The country has also seen a decline in the number of Irish workers over the past five years.
In 2016, about 5,000 people were employed in the Irish papermaking and milling sector.
The number of people employed in that sector had fallen from nearly 17,000 in 2010 to just under 11,000 last year.
There is also uncertainty in the local papermaking trade.
There are currently just over 10,000 papermakers in the whole of Ireland, according to the Irishpapermakers.ie union.
There is a shortage of papermakers, but some of the smaller papermaking firms are struggling financially, said Patrick Kelly, the group’s general secretary.
In the meantime, there is uncertainty over the future of the Irish economy, said Kelly.
There’s a lack of certainty, particularly for businesses and small businesses.
We are dealing with the aftermath of Brexit which is quite different from the post-Brexit period, he said.
We’ve got an economy that is in recession, with a low rate of employment.
We’re in the midst of a depression, with wages down and there is very little job creation.
We have had very, very, small numbers of people in the labour market and we’re in a very difficult situation.
Irish papermakers have been struggling for some time, said Kerry O’Brien, the association’s head of supply chain.
In 2017, the Irish group reported a £8.9 million loss on turnover of £12.6 million.