U.S.: Market for Wood Containers and Pallets 2024

Market Size for Wood Containers and Pallets in the U.S.

In 2022, after two years of growth, there was decline in the U.S. wood container and pallet market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Production of Wood Containers and Pallets in the U.S.

In value terms, wood container and pallet production dropped to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Wood container and pallet production peaked at $X in 2021, and then contracted modestly in the following year.

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Exports of Wood Containers and Pallets

Exports from the U.S.

In 2022, exports of wood containers and pallets from the United States skyrocketed to X units, growing by X% compared with the previous year. Overall, total exports indicated a remarkable increase from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wood container and pallet exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units), Canada (X units) and South Korea (X units) were the main destinations of wood container and pallet exports from the United States, with a combined X% share of total exports. France, Australia, Spain, Japan, the UK, Chile, Germany and Sweden lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood container and pallet exported from the United States were Canada ($X), Mexico ($X) and the UK ($X), with a combined X% share of total exports. Japan, South Korea, Spain, France, Germany, Australia, Sweden and Chile lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood container and pallet export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Containers and Pallets

Imports into the U.S.

In 2022, supplies from abroad of wood containers and pallets increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, wood container and pallet imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest wood container and pallet supplier to the United States, accounting for a X% share of total imports. Moreover, wood container and pallet imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), fivefold. The third position in this ranking was taken by France (X units), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and France (X% per year).

In value terms, the largest wood container and pallet suppliers to the United States were France ($X), Canada ($X) and China ($X), together comprising X% of total imports. Mexico, India, Cambodia and Honduras lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood container and pallet import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Honduras ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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