Northern America: Plastic Packaging Market 2024

Plastic Packaging Market Size in Northern America

The North American plastic packaging market contracted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plastic Packaging Production in Northern America

In value terms, plastic packaging production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plastic Packaging Exports

Exports in Northern America

In 2022, shipments abroad of plastic packaging decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic packaging exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

The United States represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of plastic packaging. Canada experienced a relatively flat trend pattern. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest plastic packaging supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat 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 Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Plastic Packaging Imports

Imports in Northern America

For the third year in a row, Northern America recorded growth in purchases abroad of plastic packaging, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period 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 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plastic packaging imports reached $X in 2022. The total import value increased at an average annual rate of X% 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 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States was the largest importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

The United States was also the fastest-growing in terms of the plastic packaging imports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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