Northern America: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Northern America

The North American plastic household articles market shrank to $X in 2022, falling by -3% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Plastic Household Articles Production in Northern America

In value terms, plastic household articles production fell notably to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 252%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Plastic Household Articles Exports

Exports in Northern America

In 2022, shipments abroad of household articles and toilet articles of plastics decreased by -2.4% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the exports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, plastic household articles exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, the United States (X tons) represented the largest exporter of household articles and toilet articles of plastics, creating 83% of total exports. It was distantly followed by Canada (X tons), achieving a 17% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic household articles exports from the United States stood at +1.8%. At the same time, Canada (+3.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.0% from 2012-2022. From 2012 to 2022, the share of Canada increased by +1.6 percentage points.

In value terms, the United States ($X) remains the largest plastic household articles supplier in Northern America, comprising 82% of total exports. The second position in the ranking was taken by Canada ($X), with an 18% share of total exports.

In the United States, plastic household articles exports increased at an average annual rate of +2.1% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by 2.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by 9.4% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.4%).

Plastic Household Articles Imports

Imports in Northern America

After three years of growth, purchases abroad of household articles and toilet articles of plastics decreased by -1.4% to X tons in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, plastic household articles imports fell modestly to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +55.8% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was near 93% of total imports in 2022. It was distantly followed by Canada (X tons), making up a 7.2% share of total imports.

The United States was also the fastest-growing in terms of the household articles and toilet articles of plastics imports, with a CAGR of +9.2% from 2012 to 2022. At the same time, Canada (+2.0%) displayed positive paces of growth. The United States (+6.2 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -6.1% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported household articles and toilet articles of plastics in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +4.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 7.7%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.9%).

Source: IndexBox Platform

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