U.S.: Office Supply Market 2024

Office Supply Market Size in the U.S.

In 2022, the U.S. office supply market increased by 10% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a mild curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Office Supply Production in the U.S.

In value terms, office supply production fell to $X in 2022. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 32% 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 from the U.S.

In 2022, overseas shipments of office or school supplies of plastics increased by 34% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, showed a perceptible setback. The growth pace was the most rapid in 2021 when exports increased by 42% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, office supply exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 19%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for office supply exports from the United States, with a 29% share of total exports. Moreover, office supply exports to India exceeded the volume sent to the second major destination, Mexico (X tons), twofold. Canada (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +55.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.0% per year) and Canada (-14.2% per year).

In value terms, the largest markets for office supply exported from the United States were Mexico ($X), Canada ($X) and India ($X), together accounting for 51% of total exports. Belgium, Saudi Arabia, Venezuela, Panama, Germany, Honduras, the UK, South Korea, Brazil and Costa Rica lagged somewhat behind, together accounting for a further 24%.

Belgium, with a CAGR of +51.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average office supply export price amounted to $X per ton, reducing by -14.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 26%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into the U.S.

In 2022, overseas purchases of office or school supplies of plastics increased by 35% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports continue to indicate a buoyant expansion. 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. In general, imports, however, continue to indicate a mild slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main office supply supplier to the United States, with a 91% share of total imports. It was followed by India (X tons), with a 1.6% share of total imports. The third position in this ranking was held by Canada (X tons), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.3% per year) and Canada (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of office or school supplies of plastics to the United States, comprising 83% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 3.6% share of total imports. It was followed by Canada, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.7% per year) and Canada (+2.0% per year).

Import Prices by Country

The average office supply import price stood at $X per ton in 2022, which is down by -10.8% against the previous year. In general, the import price saw a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by 5% against the previous year. Over the period under review, average 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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