Northern America: Plastic Support Market 2024

Plastic Support Market Size in Northern America

The North American plastic support market expanded modestly to $X in 2022, increasing by 4.8% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by 6.1% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Plastic Support Production in Northern America

In value terms, plastic support production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 5.5%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Plastic Support Exports

Exports in Northern America

In 2022, overseas shipments of spools, cops and similar supports of plastics increased by 6.1% to X tons, rising for the third year in a row after two years of decline. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +65.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plastic support exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States represented the major exporting country with an export of around X tons, which reached 87% of total exports. It was distantly followed by Canada (X tons), mixing up a 13% share of total exports.

The United States was also the fastest-growing in terms of the spools, cops and similar supports of plastics exports, with a CAGR of +7.7% from 2012 to 2022. At the same time, Canada (+2.3%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +7.1 percentage points.

In value terms, the United States ($X) remains the largest plastic support supplier in Northern America, comprising 79% of total exports. The second position in the ranking was held by Canada ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +3.0%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 6.3% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 6.8%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 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 (+1.1%).

Plastic Support Imports

Imports in Northern America

In 2022, plastic support imports in Northern America surged to X tons, rising by 32% against 2021. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +49.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic support imports expanded sharply to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +38.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The United States represented the largest importer of spools, cops and similar supports of plastics in Northern America, with the volume of imports amounting to X tons, which was near 78% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 22% share of total imports.

The United States was also the fastest-growing in terms of the spools, cops and similar supports of plastics imports, with a CAGR of +6.6% from 2012 to 2022. At the same time, Canada (+3.0%) displayed positive paces of growth. The United States (+6.6 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -6.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported spools, cops and similar supports of plastics in Northern America, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +6.4%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, declining by -13.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 16%. The level of import peaked at $X per ton in 2021, and then declined in the following year.

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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Source: IndexBox Platform

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