U.S.: Photographic Paper Market 2024

Photographic Paper Market Size in the U.S.

The U.S. photographic paper market fell remarkably to $X in 2021, reducing by -75.9% against the previous year. Over the period under review, consumption faced a significant decline. Photographic paper consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Photographic Paper Production in the U.S.

In value terms, photographic paper production skyrocketed to $X in 2021. In general, production, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 55% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

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Photographic Paper Exports

Exports from the U.S.

In 2021, the amount of photographic paper, paperboard and textiles exported from the United States skyrocketed to X square meters, growing by 85% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 97%. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, photographic paper exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X square meters) was the main destination for photographic paper exports from the United States, with a 34% share of total exports. Moreover, photographic paper exports to India exceeded the volume sent to the second major destination, China (X square meters), threefold. Mexico (X square meters) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-16.4% per year) and Mexico (-6.5% per year).

In value terms, India ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest markets for photographic paper exported from the United States worldwide, with a combined 52% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +69.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average photographic paper export price amounted to $X per square meter, reducing by -30.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 60% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Paper Imports

Imports into the U.S.

In 2021, overseas purchases of photographic paper, paperboard and textiles were finally on the rise to reach X square meters for the first time since 2013, thus ending a seven-year declining trend. Overall, imports, however, continue to indicate a abrupt decline. Over the period under review, imports attained the peak figure at X square meters in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, photographic paper imports surged to $X in 2021. In general, imports, however, saw a dramatic curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X square meters) constituted the largest supplier of photographic paper to the United States, accounting for a 53% share of total imports. Moreover, photographic paper imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X square meters), twofold. Japan (X square meters) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-29.0% per year) and Japan (-5.2% per year).

In value terms, the UK ($X), the Netherlands ($X) and Japan ($X) appeared to be the largest photographic paper suppliers to the United States, together comprising 94% of total imports.

The Netherlands, with a CAGR of +11.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, shrinking by -41% against the previous year. Over the period under review, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure at $X per square meter 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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