Import Price Index by Origin (NAICS): Pulp, Paper, and Paperboard Mills for Canada
COCANZ3221 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.40
Year-over-Year Change
18.50%
Date Range
12/1/2019 - 12/1/2021
Summary
The Import Price Index by Origin (NAICS): Pulp, Paper, and Paperboard Mills for Canada measures the changes in prices of imported pulp, paper, and paperboard products from Canada. This trend is an important indicator of input costs and trade dynamics for the domestic paper industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the prices of a variety of imported paper and paperboard products, including newsprint, printing and writing papers, and packaging materials. It provides insight into the costs faced by U.S. manufacturers and converters that rely on imported Canadian inputs.
Methodology
The data is collected through surveys of importers and customs records by the U.S. Bureau of Labor Statistics.
Historical Context
The index is closely watched by policymakers and industry analysts to assess trade competitiveness and inflationary pressures.
Key Facts
- The index has a base year of 2000.
- Canada is the largest exporter of pulp and paper to the United States.
- The index has risen over 50% since 2016 due to supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Pulp, Paper, and Paperboard Mills from Canada measures the changes in prices of imported paper products from our northern neighbor.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into input costs and trade dynamics for the U.S. paper and packaging industries, which rely heavily on Canadian supply.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and customs records by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this index to assess trade competitiveness and inflationary pressures in the paper and packaging sectors.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short lag, providing timely insight into evolving trade and price dynamics.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Pulp, Paper, and Paperboard Mills for Canada (COCANZ3221), retrieved from FRED.