U.S.: Filter Paper Market 2024

Filter Paper Market Size in the U.S.

The U.S. filter paper market stood at $X in 2021, growing by 3.7% against the previous year. In general, consumption showed prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Filter Paper Production in the U.S.

In value terms, filter paper production rose slightly to $X in 2021. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 36%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Filter Paper Exports

Exports from the U.S.

Filter paper exports from the United States amounted to X tons in 2021, picking up by 3.6% on the previous year. The total export volume increased at an average annual rate of +2.3% over the period 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 2015 with an increase of 40%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, filter paper exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period 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 2015 with an increase of 39% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for filter paper exports from the United States, accounting for a 39% share of total exports. Moreover, filter paper exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.7% per year) and South Korea (+24.4% per year).

In value terms, Canada ($X), Mexico ($X) and South Korea ($X) constituted the largest markets for filter paper exported from the United States worldwide, together accounting for 57% of total exports. These countries were followed by Singapore, China, the UK, Japan, Brazil, the Netherlands, Australia and Argentina, which together accounted for a further 22%.

Singapore, with a CAGR of +44.0%, recorded the highest rates of growth with regard to 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 2021, the average filter paper export price amounted to $X per ton, growing by 4.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 8.2%. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Filter Paper Imports

Imports into the U.S.

In 2021, supplies from abroad of filter paper and paperboard cut to shape was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, filter paper imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest filter paper supplier to the United States, accounting for a 62% share of total imports. Moreover, filter paper imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and Germany (+4.6% per year).

In value terms, the UK ($X) constituted the largest supplier of filter paper and paperboard cut to shape to the United States, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Germany (+5.0% per year).

Import Prices by Country

In 2021, the average filter paper import price amounted to $X per ton, surging by 2.4% against the previous year. In general, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2020 an increase of 6.3% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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