U.S. Wood Container and Pallet Market. Analysis And Forecast to 2030
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View PricingPrice for Wood Container and Pallet in the United States - 2023
Contents:
- Price for Wood Container and Pallet in the United States (CIF) - 2023
- Price for Wood Container and Pallet in the United States (FOB) - 2023
- Imports of Wood Container and Pallet in the United States
- Exports of Wood Container and Pallet in the United States
Price for Wood Container and Pallet in the United States (CIF) - 2023
In August 2023, the average wood container and pallet import price amounted to $12.5 per unit, which is down by -21.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 71% m-o-m. As a result, import price attained the peak level of $15.9 per unit, and then contracted rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($62.5 per unit), while the price for Honduras ($683 per thousand units) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood Container and Pallet in the United States (FOB) - 2023
In August 2023, the average wood container and pallet export price amounted to $16.1 per unit, shrinking by -3.1% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 35% m-o-m. As a result, the export price attained the peak level of $19.6 per unit. From October 2022 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($85.0 per unit), while the average price for exports to Australia ($1.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood Container and Pallet in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of wood containers and pallets, which increased by 1.7% to 94M units in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 77%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, wood container and pallet imports skyrocketed to $651M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wood Container and Pallet in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 239 | 202 | 160 | 244 | 0.7% |
| Canada | 91.5 | 91.1 | 152 | 138 | 14.7% |
| China | 89.1 | 67.3 | 87.6 | 90.8 | 0.6% |
| Mexico | 20.5 | 29.6 | 46.8 | 54.5 | 38.5% |
| India | 6.2 | 6.1 | 9.2 | 9.2 | 14.1% |
| Cambodia | 0.8 | 6.4 | 7.4 | 7.5 | 110.9% |
| Honduras | 1.0 | 1.3 | 1.3 | 3.3 | 48.9% |
| Others | 64.5 | 65.9 | 81.5 | 104 | 17.3% |
| Total | 512 | 470 | 546 | 651 | 8.3% |
Top Suppliers of Wood Container and Pallet to the United States in 2022:
- China (46.9M units)
- Canada (9.4M units)
- France (8.8M units)
- Mexico (5.7M units)
- Cambodia (5.0M units)
- Honduras (4.1M units)
- India (3.1M units)
Exports of Wood Container and Pallet in the United States
Wood container and pallet exports from the United States soared to 31M units in 2022, with an increase of 23% on the previous year's figure. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, wood container and pallet exports soared to $517M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wood Container and Pallet in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 85.7 | 64.6 | 75.4 | 102 | 6.0% |
| Mexico | 51.4 | 44.7 | 69.2 | 101 | 25.3% |
| United Kingdom | 85.0 | 70.3 | 52.4 | 76.5 | -3.5% |
| Japan | 22.8 | 16.3 | 22.6 | 32.8 | 12.9% |
| South Korea | 21.2 | 16.7 | 20.8 | 26.9 | 8.3% |
| Spain | 21.5 | 16.0 | 18.1 | 23.4 | 2.9% |
| France | 21.9 | 14.9 | 17.5 | 21.4 | -0.8% |
| Germany | 18.8 | 10.8 | 9.8 | 15.4 | -6.4% |
| Australia | 6.3 | 5.4 | 6.6 | 8.5 | 10.5% |
| Others | 88.8 | 77.3 | 79.6 | 109 | 7.1% |
| Total | 423 | 337 | 372 | 517 | 6.9% |
Top Export Markets for Wood Container and Pallet from the United States in 2022:
- Mexico (8.9M units)
- Canada (6.0M units)
- South Korea (2.9M units)
- France (2.0M units)
- Australia (1.9M units)
- Spain (1.6M units)
- Japan (1.5M units)
- United Kingdom (1.3M units)
- Germany (0.6M units)
This report provides an in-depth analysis of the market for wood container and pallet in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 321920 - Wood container and pallet manufacturing
Companies mentioned:
- Ifco Systems North America
- Peco Pallet
- Timber Creek Resource
- Index Packaging, Palletone
- Northwest Pallet Supply Co.
- Kamps
- The Pallet Factory Inc
- Atlas Global Solutions
- Buckeye Diamond Logistics
- Southwest Forest Products
- Independent Stave Company
- Elberta Crate & Box Co.
- Edwards Wood Products
- American Fibertech Corporation
- Hinton Lumber Products
- Wisconsin Box Company
- Nefab Packaging
- Madison County Wood Products
- Supply Chain Solutions
- Satco
- Commercial Lumber & Pallet Co.
- Crimstone AAA Operating Company
- Wooden Pallets
- Missouri Cooperage Company
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
2176
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The UK (48K tons) was the main destination for wood container and pallet exports from the U.S., accounting for a 45% share of total exports.
1328
The U.S. ranks first in global imports of wood container and pallet, with a X% share (based on USD), followed by Germany (X%), France (X%) and the UK (X%).
642
The U.S. reconstituted wood product market is estimated at approx. $12B. Over May-June 2020, the production and imports recovered from the lockdown-related drop and continued to grow. It is driven by rapidly growing suburban construction and the related need to equip homes with furniture. Should the pandemic wane in 2021, the market is to continue measured growth.
243
Imports of Sawmill Product reached $679M in May 2023, representing a significant expansion in value terms.
213
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134
In May 2023, the growth pace of Truss was exceptionally rapid, with a remarkable increase of 123% compared to the previous month. However, in November 2023, the value of truss imports significantly declined to $4.3M.
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The value of Truss imports experienced a significant increase to $4.4M in July 2023.
233
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182
In May 2023, the growth rate of Wood Preservation was the most rapid, experiencing a month-on-month increase of 25%. However, in August 2023, the value of wood preservation exports declined to $33M.
