U.S. Gummed Paper Price Peaks at $4,556 per Ton
U.S. Gummed Paper Export Price in March 2023
In March 2023, the gummed paper price stood at $4,556 per ton (FOB, US), growing by 4.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 5.6% m-o-m. The export price peaked in March 2023.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Singapore ($6,579 per ton), while the average price for exports to India ($2,043 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Gummed Paper Exports
In March 2023, overseas shipments of gummed paper and paperboard (excluding self-adhesives) decreased by -11.1% to 3.1K tons, falling for the fifth month in a row after two months of growth. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in October 2022 with an increase of 21% against the previous month. As a result, the exports attained the peak of 5.3K tons. From November 2022 to March 2023, the growth of the exports remained at a lower figure.
In value terms, gummed paper exports dropped to $14M (IndexBox estimates) in March 2023. In general, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in October 2022 with an increase of 16% month-to-month. As a result, the exports reached the peak of $22M. From November 2022 to March 2023, the growth of the exports failed to regain momentum.
U.S. Gummed Paper Exports by Country
Canada (1.7K tons) was the main destination for gummed paper exports from the United States, accounting for a 54% share of total exports. Moreover, gummed paper exports to Canada exceeded the volume sent to the second major destination, Mexico (480 tons), threefold. The third position in this ranking was taken by Brazil (177 tons), with a 5.8% share.
From March 2022 to March 2023, the average monthly growth rate of volume to Canada stood at -4.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-1.1% per month) and Brazil (+22.7% per month).
In value terms, Canada ($8M) remains the key foreign market for gummed paper exports from the United States, comprising 57% of total exports. The second position in the ranking was taken by Mexico ($2.1M), with a 15% share of total exports. It was followed by Brazil, with a 4.4% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of value to Canada amounted to -3.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-0.0% per month) and Brazil (+18.0% per month).