Northern America: Wood Box Market 2023

Wood Box Market Size in Northern America

In 2021, after seven years of growth, there was decline in the North American wood box market, when its value decreased by -1.1% to $X. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then dropped modestly in the following year.

Wood Box Production in Northern America

In value terms, wood box production reduced to $X in 2021 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Wood Box Exports

Exports in Northern America

Wood box exports skyrocketed to X units in 2021, growing by 57% compared with 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood box exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Canada (X units) and the United States (X units) represented the major exporter of cases, boxes, crates, drums and similar packings of wood in Northern America, creating 99.9% of total export.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +6.3%).

In value terms, the largest wood box supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +4.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, declining by -13% against the previous year. Overall, the export price, however, saw a mild increase. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.4%).

Wood Box Imports

Imports in Northern America

In 2021, supplies from abroad of cases, boxes, crates, drums and similar packings of wood increased by 37% to X units, rising for the second consecutive year after two years of decline. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.1% against 2019 indices. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wood box imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.2% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, resulting at X units, which was approx. 92% of total imports in 2021. It was distantly followed by Canada (X units), creating an 8.3% share of total imports.

The United States was also the fastest-growing in terms of the cases, boxes, crates, drums and similar packings of wood imports, with a CAGR of +4.0% from 2012 to 2021. At the same time, Canada (+1.0%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +2.3 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported cases, boxes, crates, drums and similar packings of wood in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

In the United States, wood box imports increased at an average annual rate of +8.8% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, increasing by 4.9% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood box import price decreased by -9.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

Source: IndexBox Market Intelligence Platform

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