The import of corrugated paper and paperboard to the US has seen notable fluctuations over the past decade. Actual data from 2013 to 2023 indicates a consistent downward trend since 2015. As of 2023, this volume stood at 19.579 million kilograms, showing a decrease of 3.66% from the previous year and a CAGR of -3.9% over the last five years. The year-on-year variations have often been negative, highlighting a shrinking import market.
Looking at the forecast from 2024 onwards, this downward trend is expected to continue, with an estimated decline to 15.696 million kilograms by 2028. The projected CAGR over the next five years is -3.51%, indicating persistent contraction.
Future trends to watch for:
- Potential changes in global trade policies affecting import tariffs and quotas.
- The impact of sustainability initiatives and increasing preference for recycled materials.
- Technological advancements in domestic paper and paperboard production capabilities.
- Shifts in consumer packaging demand influenced by e-commerce growth and environmental concerns.
