Northern America: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Northern America

The North American wood flat pallet market stood at $X in 2021, remaining stable against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.8% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Wood Flat Pallet Production in Northern America

In value terms, wood flat pallet production reached $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.1% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28%. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the near future.

Wood Flat Pallet Exports

Exports in Northern America

In 2021, exports of flat pallets and pallet collars of wood in Northern America surged to X units, increasing by 18% compared with the year before. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, wood flat pallet exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Canada (X units), followed by the United States (X units) were the key exporters of flat pallets and pallet collars of wood, together mixing up 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +4.9%).

In value terms, the largest wood flat pallet supplying countries in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.6%).

Wood Flat Pallet Imports

Imports in Northern America

In 2021, supplies from abroad of flat pallets and pallet collars of wood was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a pronounced contraction. The growth pace was the most rapid in 2015 with an increase of 92%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, wood flat pallet imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) represented the main importer of flat pallets and pallet collars of wood, constituting 72% of total imports. It was distantly followed by Canada (X units), achieving a 28% share of total imports.

Imports into the United States decreased at an average annual rate of -5.1% from 2012 to 2021. At the same time, Canada (+2.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +2.7% from 2012-2021. From 2012 to 2021, the share of Canada increased by +12 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported flat pallets and pallet collars of wood in Northern America, comprising 78% of total imports. The second position in the ranking was taken by Canada ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +8.0%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, picking up by 50% against the previous year. Over the period under review, the import price saw a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.8%).

Source: IndexBox Platform

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