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U.S. office supply sales reach $14.5 billion annually

Views: 2     Author: doris zhang     Publish Time: 2022-07-11      Origin: Site

U.S. office supply sales reach $14.5 billion annually

When it comes to office supplies, it is one of the categories more affected by the epidemic. So what will be the annual results of the U.S. office supply industry under the epidemic easing to Omicron rampage last year?

Recently, the survey agency NPD announced the sales of the U.S. office supplies industry in 2021. Overall, last year's sales showed double-digit growth.

NPD data show that the U.S. office supplies industry in 2021 (excluding cleaning and breakroom supplies) reached $ 14.5 billion in sales, an increase of 11% over the previous year, and an increase of 12% over 2019. regained the popularity of consumers. In addition, the increase in average sales price is also a reason.

Distance learning and work affected office supply sales in 2020. The writing instruments and office paper categories regained momentum in 2021, with sales up 15% and 14% year-over-year, respectively, as the epidemic eased for most of the year. Compared with 2019, sales of writing instruments also increased 9%, while sales of office paper were flat.

Continued growth was also seen in the category of storage products (hard drives, tapes, etc.), which saw a 22% year-over-year increase in sales. Sales of arts and crafts products also rose slightly, up 2% year-over-year, and were up 32% compared to 2019.

The back-to-school season (July-September) is a very important sales season for the office supplies industry. Data show that sales of office supplies increased 14% year-over-year during the back-to-school season in 2021. NPD says the relatively fast growth in office supply sales during the back-to-school season is due to the introduction of new product combinations.

In fact, only 36 percent of office supplies were on sale during the back-to-school season, down 3 percentage points from the same period in 2020, according to NPD's price and discount trend data. And during the same time period, the average selling price rose 19 percent year-over-year, while increasing only 8 percent for the remainder of the year.

Last year was a period of strong rebound for the office supplies industry," said Leen Nsouli, NPD office supplies industry analyst. Looking ahead to 2022, the industry may see a decline in sales, but not necessarily in sales."

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