U.S. Corrugated Paper Boxes Exports Remain Stable at $123M in June 2023

U.S. Corrugated Paper Boxes Exports Remain Stable at $123M in June 2023

U.S. Corrugated Paper Boxes Exports

In June 2023, the United States exported approximately 61K tons of cartons, boxes, and cases of corrugated paper or paperboard, which was similar to the previous month's figure. However, overall exports showed a relatively flat trend. The most significant growth rate was seen in March 2023, with a 17% increase in exports compared to the previous month.

In terms of value, corrugated paper box exports reached around $123M in June 2023, according to estimates by IndexBox. Similarly, exports exhibited a relatively stable trend pattern overall. The most rapid growth rate was observed in March 2023, with a month-to-month increase of 17%.U.S. Corrugated Paper Boxes Exports By Country (Million USD)

Exports by Country

The main destinations for corrugated paper box exports from the United States were Mexico (35K tons) and Canada (24K tons).

From June 2022 to June 2023, the biggest growth in exports was observed in Mexico, with a compound annual growth rate (CAGR) of +0.7%.

In terms of value, Mexico ($68M) and Canada ($47M) were the largest markets for corrugated paper box exports from the United States.

Among the main destination countries, Mexico experienced the highest growth rate in the value of exports, with a CAGR of +0.3%.

Export Prices by Country

In June 2023, the price of corrugated paper boxes stood at $2,029 per ton (FOB, US), showing a 1.7% increase compared to the previous month. Overall, the export price maintained a relatively stable trend. The highest growth rate was recorded in July 2022, with an 11% increase in average export price compared to the previous month. The peak level was reached at $2,268 per ton. However, from August 2022 to June 2023, the average export prices failed to regain momentum.

The average prices varied noticeably for the major export markets. In June 2023, Canada had the highest price at $1,974 per ton, while the average price for exports to Mexico was $1,967 per ton.

From June 2022 to June 2023, the most notable price growth was observed for exports to Canada, with a rate of +0.2%.



Source: IndexBox Market Intelligence Platform

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