U.S.: Office Supply Market 2024

Office Supply Market Size in the U.S.

In 2023, the U.S. office supply market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2022, and then fell sharply in the following year.

Office Supply Production in the U.S.

In value terms, office supply production shrank slightly to $X in 2023. Overall, the total production indicated pronounced growth from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Office supply production peaked at $X in 2022, and then shrank slightly in the following year.

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Office Supply Exports

Exports from the U.S.

In 2023, approx. X units of office supplies (excluding paper) were exported from the United States; rising by X% against the previous year's figure. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, office supply exports expanded markedly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units) was the main destination for office supply exports from the United States, with a X% share of total exports. Moreover, office supply exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. Colombia (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Colombia (X% per year).

In value terms, Mexico ($X), Canada ($X) and the UK ($X) were the largest markets for office supply exported from the United States worldwide, with a combined X% share of total exports. Australia, Colombia, the Czech Republic, France, China and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average office supply export price stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Vietnam (less than $X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into the U.S.

After two years of growth, purchases abroad of office supplies (excluding paper) decreased by X% to X units in 2023. In general, imports recorded a slight decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, office supply imports declined significantly to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then declined rapidly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of office supply to the United States, accounting for a X% share of total imports. Moreover, office supply imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2013 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of office supplies (excluding paper) to the United States, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Mexico (X% per year).

Import Prices by Country

The average office supply import price stood at $X per unit in 2023, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Malaysia (less than $X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform