Overview of the Global Market for Plastic Tableware And Kitchenware

Market Size for Plastic Tableware And Kitchenware

The global plastic tableware and kitchenware market shrank modestly to $X in 2022, reducing by -2.9% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.8% against 2020 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Plastic Tableware And Kitchenware

In value terms, plastic tableware and kitchenware production declined to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 27%. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastic Tableware And Kitchenware

Exports

In 2022, approx. X tons of plastic tableware and kitchenware were exported worldwide; with an increase of 7.6% against the previous year's figure. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic tableware and kitchenware exports amounted to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +114.7% against 2012 indices. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 62% of total exports in 2022. It was distantly followed by Turkey (X tons), comprising a 4.5% share of total exports. The United States (X tons), Taiwan (Chinese) (X tons), Mexico (X tons), the Netherlands (X tons) and Italy (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic tableware and kitchenware exports from China stood at +9.6%. At the same time, Turkey (+10.0%), Mexico (+9.3%), the Netherlands (+6.4%), Taiwan (Chinese) (+6.2%) and the United States (+1.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.0% from 2012-2022. By contrast, Italy (-2.5%) illustrated a downward trend over the same period. While the share of China (+19 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-1.7 p.p.) and Italy (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic tableware and kitchenware supplier worldwide, comprising 64% of global exports. The second position in the ranking was taken by the United States ($X), with a 3.5% share of global exports. It was followed by Turkey, with a 2.9% share.

In China, plastic tableware and kitchenware exports expanded at an average annual rate of +15.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+2.4% per year) and Turkey (+9.6% per year).

Export Prices by Country

In 2022, the average plastic tableware and kitchenware export price amounted to $X per ton, with an increase of 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 8% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other global leaders experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports

In 2022, global plastic tableware and kitchenware imports expanded rapidly to X tons, growing by 7.1% compared with 2021 figures. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.4% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, plastic tableware and kitchenware imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main importer of plastic tableware and kitchenware, achieving 47% of total imports. The following importers - Germany (X tons), Canada (X tons), the UK (X tons), France (X tons), the Netherlands (X tons), Italy (X tons), Saudi Arabia (X tons), Mexico (X tons), Japan (X tons) and Spain (X tons) - together made up 22% of total imports.

The United States was also the fastest-growing in terms of the plastic tableware and kitchenware imports, with a CAGR of +12.2% from 2012 to 2022. At the same time, Mexico (+5.0%), Italy (+4.9%), the Netherlands (+3.6%), Spain (+2.9%), Canada (+2.2%) and Saudi Arabia (+1.7%) displayed positive paces of growth. Germany, Japan and the UK experienced a relatively flat trend pattern. By contrast, France (-3.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported plastic tableware and kitchenware worldwide, comprising 37% of global imports. The second position in the ranking was held by Germany ($X), with a 4.7% share of global imports. It was followed by Canada, with a 4% share.

In the United States, plastic tableware and kitchenware imports expanded at an average annual rate of +7.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+1.1% per year) and Canada (+3.7% per year).

Import Prices by Country

In 2022, the average plastic tableware and kitchenware import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 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 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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