U.S.: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in the U.S.

The U.S. paper bag machine market skyrocketed to $X in 2022, surging by 47% against the previous year. Over the period under review, consumption enjoyed prominent growth. Paper bag machine consumption peaked in 2022 and is likely to see gradual growth in years to come.

Paper Bag Machine Production in the U.S.

In value terms, paper bag machine production skyrocketed to $X in 2022. In general, production, however, continues to indicate a deep downturn. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Paper Bag Machine Exports

Exports from the U.S.

In 2022, overseas shipments of machines for making bags, sacks or envelopes of paper or paperboard increased by 78% to X units, rising for the eighth consecutive year after two years of decline. Overall, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper bag machine exports skyrocketed to $X in 2022. Over the period under review, exports showed a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units), Canada (X units) and Poland (X units) were the main destinations of paper bag machine exports from the United States, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +57.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for machines for making bags, sacks or envelopes of paper or paperboard exports from the United States, comprising 45% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +59.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+13.5% per year) and France (+19.2% per year).

Export Prices by Country

In 2022, the average paper bag machine export price amounted to $X per unit, rising by 3.5% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 76%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.3%), while the prices for the other major destinations experienced a decline.

Paper Bag Machine Imports

Imports into the U.S.

After two years of growth, overseas purchases of machines for making bags, sacks or envelopes of paper or paperboard decreased by -1% to X units in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +35.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 79%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, paper bag machine imports dropped to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 78%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) was the main supplier of paper bag machine to the United States, accounting for a 91% share of total imports. It was followed by Serbia (X units), with a 2.3% share of total imports. The third position in this ranking was taken by China (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+10.3% per year) and China (-6.0% per year).

In value terms, Germany ($X) constituted the largest supplier of machines for making bags, sacks or envelopes of paper or paperboard to the United States, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with a 9.4% share of total imports. It was followed by Serbia, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.6% per year) and Serbia (+4.8% per year).

Import Prices by Country

The average paper bag machine import price stood at $X per unit in 2022, dropping by -12.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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