Global Plastic Household Ware Market 2024

Plastic Household Ware Market Size

The global plastic household ware market reached $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the market value increased by 7.5% against the previous year. Over the period under review, the global market reached the maximum level in 2021 and is expected to retain growth in the near future.

Plastic Household Ware Production

In value terms, plastic household ware production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 8.9%. Over the period under review, global production hit record highs at $X in 2020, and then reduced in the following year.

Plastic Household Ware Exports

Exports

In 2021, global exports of plastics household articles and toilet articles skyrocketed to X tons, jumping by 19% against the year before. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.1% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. Over the period under review, the global exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic household ware exports skyrocketed to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.1% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 55% of total exports in 2021. It was distantly followed by Turkey (X tons), generating a 7% share of total exports. The following exporters - the United States (X tons), Italy (X tons), Taiwan (Chinese) (X tons), Poland (X tons), Germany (X tons) and the Netherlands (X tons) - together made up 15% of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic household ware exports from China stood at +10.3%. At the same time, Turkey (+19.3%), the Netherlands (+7.1%), Poland (+6.1%), Taiwan (Chinese) (+4.9%), the United States (+1.4%) and Germany (+1.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.3% from 2012-2021. Italy experienced a relatively flat trend pattern. While the share of China (+14 p.p.) and Turkey (+4.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Italy (-2.1 p.p.) and the United States (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic household ware supplier worldwide, comprising 58% of global exports. The second position in the ranking was taken by Turkey ($X), with a 4% share of global exports. It was followed by the United States, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +16.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+16.7% per year) and the United States (+1.6% per year).

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, increasing by 6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 when the average export price increased by 6.3% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the other global leaders experienced more modest paces of growth.

Plastic Household Ware Imports

Imports

For the sixth consecutive year, the global market recorded growth in supplies from abroad of plastics household articles and toilet articles, which increased by 18% to X tons in 2021. The total import volume increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic household ware imports surged to $X in 2021. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) represented the largest importer of plastics household articles and toilet articles, making up 40% of total imports. The following importers - Germany (X tons), France (X tons), Canada (X tons), the UK (X tons), the Netherlands (X tons), Japan (X tons), Australia (X tons), Saudi Arabia (X tons) and Spain (X tons) - together made up 21% of total imports.

The United States was also the fastest-growing in terms of the plastics household articles and toilet articles imports, with a CAGR of +10.8% from 2012 to 2021. At the same time, Saudi Arabia (+5.3%), Spain (+4.8%), Germany (+4.2%), the Netherlands (+3.5%) and Canada (+1.4%) displayed positive paces of growth. Australia, France, the UK and Japan experienced a relatively flat trend pattern. While the share of the United States (+13 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the UK (-1.7 p.p.) and France (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported plastics household articles and toilet articles worldwide, comprising 33% of global imports. The second position in the ranking was held by Germany ($X), with a 5.4% share of global imports. It was followed by Canada, with a 3.8% share.

In the United States, plastic household ware imports increased at an average annual rate of +5.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+3.8% per year) and Canada (+2.6% per year).

Import Prices by Country

The average plastic household ware import price stood at $X per ton in 2021, increasing by 3.2% against the previous year. Over the period under review, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2018 an increase of 4.8% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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