U.S.: Uncoated Felt Paper Market 2023

Uncoated Felt Paper Market Size in the U.S.

The U.S. uncoated felt paper market declined to $X in 2021, which is down by -10.1% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Uncoated Felt Paper Production in the U.S.

In value terms, uncoated felt paper production shrank to $X in 2021. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 9.5% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Uncoated Felt Paper Exports

Exports from the U.S.

In 2021, the amount of uncoated felt paper and paperboard exported from the United States expanded remarkably to X tons, surging by 11% on the previous year. In general, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 15% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, uncoated felt paper exports stood at $X in 2021. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for uncoated felt paper exports from the United States, accounting for a 77% share of total exports. Moreover, uncoated felt paper exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), eightfold. Australia (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+78.9% per year) and Australia (+4.7% per year).

In value terms, Canada ($X) remains the key foreign market for uncoated felt paper exports from the United States, comprising 48% of total exports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+79.4% per year) and Mexico (+4.0% per year).

Export Prices by Country

In 2021, the average uncoated felt paper export price amounted to $X per ton, rising by 3.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Uncoated Felt Paper Imports

Imports into the U.S.

Uncoated felt paper imports into the United States declined to X tons in 2021, dropping by -11.5% compared with the previous year's figure. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, uncoated felt paper imports fell significantly to $X in 2021. In general, imports faced a deep contraction. The growth pace was the most rapid in 2016 when imports increased by 11% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main supplier of uncoated felt paper to the United States, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to -13.9%.

In value terms, Canada ($X) constituted the largest supplier of uncoated felt paper to the United States.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled -12.3%.

Import Prices by Country

In 2021, the average uncoated felt paper import price amounted to $X per ton, falling by -11.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +1.8% per year.

Source: IndexBox Platform

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