Northern America: Office Supply Market 2024

Office Supply Market Size in Northern America

In 2022, the North American office supply market increased by 6.5% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a slight downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Office Supply Production in Northern America

In value terms, office supply production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Office Supply Exports

Exports in Northern America

In 2022, shipments abroad of office or school supplies of plastics increased by 30% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a perceptible contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, office supply exports expanded rapidly to $X in 2022. Overall, exports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States was the largest exporting country with an export of around X tons, which resulted at 80% of total exports. It was distantly followed by Canada (X tons), making up a 20% share of total exports.

Exports from the United States decreased at an average annual rate of -3.4% from 2012 to 2022. At the same time, Canada (+1.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.0% from 2012-2022. While the share of Canada (+6.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-6.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest office supply supplier in Northern America, comprising 78% of total exports. The second position in the ranking was taken by Canada ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -2.9%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, falling by -13.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 22% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.6%).

Office Supply Imports

Imports in Northern America

In 2022, supplies from abroad of office or school supplies of plastics increased by 32% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +122.8% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, office supply imports soared to $X in 2022. Over the period under review, imports, however, recorded a slight descent. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, accounting for X tons, which was approx. 96% of total imports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the office or school supplies of plastics imports, with a CAGR of +5.0% from 2012 to 2022. Canada (-5.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +6 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported office or school supplies of plastics in Northern America, comprising 92% of total imports. The second position in the ranking was held by Canada ($X), with a 6.9% share of total imports.

In the United States, office supply imports plunged by an average annual rate of -1.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, waning by -11.8% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 4.3%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.9%).

Source: IndexBox Platform

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