Paper Market - U.S. Paper Imports Plunged, with Canada Leading the Fall

Pulp, Paper and Paperboard July 29, 2016
Author: Anna Sergeeva
Market Analyst

paper market

Photo: © zefart / Bigstockphoto

The U.S. dominated in global imports of paper (except newsprint), accounting an for 11% share (based on USD). Germany (10%), the United Kingdom, and France (6%, each) followed.

In 2015, U.S. imports on the paper market totaled 5.4 billion USD, which was 0.4 billion USD (7%) less than the year before.

From 2007 to 2015, U.S. paper (except newsprint) imports showed negative dynamics. After the period of relative stability of 2007-2008, imports plunged noticeably by nearly 22% and stood at this level for five years, until they dropped again in 2015. There was an annual decrease of -4.0% throughout the analysed period.

U.S. imports have not shown any signs of recovery. They have to grow another 38% in order to reach the pre-recession level of 2007. Despite this, the U.S. remains one of the most attractive destinations for overseas suppliers.

Canada was the main supplier of paper (except newsprint) into the U.S., accounting for 39% of total U.S. imports in 2015. Finland held second place in the ranking with an 11% share, followed by Germany (8%) and the Republic of Korea (7%).

Among the leaders, the Republic of Korea (+3.2% per year) was the fastest growing supplier from 2007 to 2015. Canada (-7.5%), Finland (-4.8%), and Germany (-1.2%) showed negative dynamics over the last eight years. Canada weakened its position in the U.S. imports, decreasing its share from 53% in 2007 to 39% in 2015. By contrast, the Republic of Korea and Germany saw their shares increased.

From 2007 to 2015, the U.S. was a net importer of paper (except newsprint). However, imports fell faster than exports on average over the period under review. 

Net U.S. imports of paper (except newsprint) showed a downward trend over the period under review. In 2015, this industry still ran a significant trade deficit of 2.3 billion USD.

 

Imports Of Paper (Except Newsprint), In Value Terms, 2007–2015

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Source: U.S. Paper (Except Newsprint) Market. Analysis And Forecast to 2020