U.S.: Folding Boxboard Market 2024

Folding Boxboard Market Size in the U.S.

The U.S. folding boxboard market rose sharply to $X in 2021, picking up by 6.1% against the previous year. In general, consumption saw a moderate expansion. Folding boxboard consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Folding Boxboard Production in the U.S.

In value terms, folding boxboard production stood at $X in 2021. Over the period under review, production enjoyed modest growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 82% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Folding Boxboard Exports

Exports from the U.S.

In 2021, after three years of decline, there was growth in overseas shipments of folding boxboard, when their volume increased by 1.7% to X tons. In general, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 4.7%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, folding boxboard exports expanded to $X in 2021. Overall, exports, however, showed a slight setback. The pace of growth was the most pronounced in 2017 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of folding boxboard exports from the United States, with a combined 57% share of total exports. These countries were followed by China, South Korea, Taiwan (Chinese), the Netherlands, the UK, the Czech Republic, India and Germany, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for folding boxboard exported from the United States were Canada ($X), Mexico ($X) and Japan ($X), together comprising 55% of total exports. China, South Korea, the Netherlands, Taiwan (Chinese), the UK, the Czech Republic, Germany and India lagged somewhat behind, together comprising a further 27%.

The Czech Republic, with a CAGR of +18.6%, recorded the highest growth rate of 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 folding boxboard export price amounted to $X per ton, picking up by 2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2016 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($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 the Netherlands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into the U.S.

In 2021, approx. X tons of folding boxboard were imported into the United States; picking up by 15% on the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, folding boxboard imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

Canada (X tons), Sweden (X tons) and Finland (X tons) were the main suppliers of folding boxboard imports to the United States, together accounting for 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +29.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest folding boxboard suppliers to the United States were Canada ($X), Sweden ($X) and Finland ($X), together accounting for 61% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +23.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average folding boxboard import price stood at $X per ton in 2021, rising by 1.8% against the previous year. Over the period under review, the import price, however, saw a slight decline. The growth pace was the most rapid in 2014 an increase of 4.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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