Northern America: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in Northern America

In 2022, the North American other papers packaging market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a mild decrease. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Other Papers Packaging Production in Northern America

In value terms, other papers packaging production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight setback. The growth pace was the most rapid in 2018 with an increase of 181% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Other Papers Packaging Exports

Exports in Northern America

In 2022, shipments abroad of other papers packaging increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 63% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, other papers packaging exports surged to $X in 2022. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 49%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States represented the largest exporting country with an export of around X tons, which resulted at 61% of total exports. It was distantly followed by Canada (X tons), comprising a 39% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +9.0%).

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

Among the main exporting countries, the United States, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, growing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2021 when the export price increased by 22%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.0%).

Other Papers Packaging Imports

Imports in Northern America

Other papers packaging imports dropped to X tons in 2022, which is down by -12.7% on the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, other papers packaging imports rose remarkably to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The United States dominates imports structure, reaching X tons, which was near 92% of total imports in 2022. It was distantly followed by Canada (X tons), constituting an 8% share of total imports.

The United States was also the fastest-growing in terms of the other papers packaging imports, with a CAGR of +3.4% from 2012 to 2022. Canada (-12.4%) illustrated a downward trend over the same period. While the share of the United States (+23 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-23.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported other papers packaging in Northern America, comprising 90% of total imports. The second position in the ranking was held by Canada ($X), with a 10% share of total imports.

In the United States, other papers packaging imports increased at an average annual rate of +6.2% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 26% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.8%).

Source: IndexBox Platform

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