Los Angeles, CA (PRWEB) December 07, 2013 -- The Office Stationery Wholesaling industry was unable to escape the effects of the recession. Demand for office stationery fell as business activity and household income declined. “Office stationery wholesalers have also had to contend with rising competition from electronic mediums and office supply superstores that service many of the same clients,” according to IBISWorld Industry Analyst Dale Schmidt. Over the five years to 2013, revenue is expected to contract at an annualized rate of 0.9%, to reach $43.0 billion. However, demand for office stationery products has begun to slowly improve with increased business activity and favorable trends in consumer spending. As a result, industry revenue is expected to rise 2.8% in 2013.
Beset with lower profit margins and heightened competition, the number of firm closures accelerated over the five-year period. From 2008 to 2013, the number of industry companies declined at an annualized rate of 2.0% to 4,007. “Facility closures were also common, as industry operators consolidated their operations,” says Schmidt. Over the five years to 2013, the number of establishments is expected to decrease at an average 1.0% per year to total 5,400.
Although conditions will improve slightly over the next five years, demand for industry products is forecast to continue declining. Revenue will grow slightly in 2014 due to recovering business demand, as the economy continues to slowly recover. However, the long-term decline in demand will then reassert itself, leading to contractions in industry revenue over the remainder of the period. The main factor impeding growth will be continued substitution for electronic mediums, prompted by technological changes and rising environmental awareness.
For more information, visit IBISWorld’s Office Stationery Wholesaling in the US industry report page.
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IBISWorld industry Report Key Topics
Office stationery wholesalers distribute a range of paper stationery products and other office supplies to retailers, other wholesalers, directly to customers and to foreign buyers. Industry products include envelopes, computer paper, notebooks, business forms, photo albums, folders, pens, pencils, toner cartridge, inked ribbons, cellophane tape and others. Sales of office equipment and furniture are excluded from this industry.
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Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld, +1 (310) 866-5042, [email protected]
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