U.S.: Commercial Printing Market 2024

Commercial Printing Market Size in the U.S.

For the third consecutive year, the U.S. commercial printing market recorded growth in sales value, which increased by 1.3% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the market value increased by 3.6% against the previous year. Commercial printing consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Commercial Printing Production in the U.S.

In value terms, commercial printing production contracted slightly to $X in 2022. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 1.3%. Commercial printing production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Commercial Printing Exports

Exports from the U.S.

In 2022, after four years of decline, there was growth in shipments abroad of commercial printing (except screen and books), when their volume increased by 2.9% to X tons. Overall, exports, however, recorded a drastic downturn. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, commercial printing exports reached $X in 2022. Over the period under review, exports, however, recorded a slight setback. The growth pace was the most rapid in 2021 with an increase of 20%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for commercial printing exports from the United States, with a 52% share of total exports. Moreover, commercial printing exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-3.0% per year) and the UK (-13.8% per year).

In value terms, Canada ($X) remains the key foreign market for commercial printing (except screen and books) exports from the United States, comprising 39% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.8% per year) and the UK (-4.5% per year).

Export Prices by Country

In 2022, the average commercial printing export price amounted to $X per ton, surging by 1.7% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Jamaica ($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 Japan (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Printing Imports

Imports into the U.S.

In 2022, overseas purchases of commercial printing (except screen and books) increased by 12% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, commercial printing imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest commercial printing supplier to the United States, with a 47% share of total imports. Moreover, commercial printing imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-0.8% per year) and Mexico (+0.5% per year).

In value terms, China ($X) constituted the largest supplier of commercial printing (except screen and books) to the United States, comprising 38% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports. It was followed by Mexico, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.0% per year) and Mexico (+1.0% per year).

Import Prices by Country

The average commercial printing import price stood at $X per ton in 2022, rising by 4.9% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2014 an increase of 5.6%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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