Northern America: Paper Label Market 2024

Paper Label Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American paper label market, when its value decreased by -6.2% to $X. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Paper Label Production in Northern America

In value terms, paper label production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; 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 20%. The level of production peaked at $X in 2020, and then reduced in the following year.

Paper Label Exports

Exports in Northern America

In 2021, after seven years of decline, there was significant growth in overseas shipments of labels of paper or paperboard, when their volume increased by 5.7% to X tons. In general, exports, however, continue to indicate a slight reduction. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper label exports totaled $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X tons) was the major exporter of labels of paper or paperboard, achieving 80% of total exports. It was distantly followed by Canada (X tons), comprising a 20% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to paper label exports from the United States stood at -2.0%. At the same time, Canada (+1.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.6% from 2012-2021. While the share of Canada (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-4.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest paper label supplier in Northern America, comprising 77% of total exports. The second position in the ranking was held by Canada ($X), with a 23% share of total exports.

In the United States, paper label exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price reached 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 ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Paper Label Imports

Imports in Northern America

In 2021, approx. X tons of labels of paper or paperboard were imported in Northern America; rising by 16% on the year before. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper label imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the two major importers of labels of paper or paperboard, namely the United States and Canada, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Canada (with a CAGR of +4.1%).

In value terms, the United States ($X) constitutes the largest market for imported labels of paper or paperboard in Northern America, comprising 69% of total imports. The second position in the ranking was held by Canada ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +1.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -2.3% against the previous year. Overall, the import price showed a pronounced decrease. The growth pace was the most rapid in 2014 when the import price increased by 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :