U.S.: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in the U.S.

The U.S. plastic household articles market dropped slightly to $X in 2022, with a decrease of -2.8% against the previous year. The market value increased at an average annual rate of +2.9% 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 reached the peak level of $X, and then dropped slightly in the following year.

Plastic Household Articles Production in the U.S.

In value terms, plastic household articles production contracted dramatically to $X in 2022. Over the period under review, production showed a deep reduction. The growth pace was the most rapid in 2019 with an increase of 69% against the previous year. Plastic household articles production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Plastic Household Articles Exports

Exports from the U.S.

After two years of growth, shipments abroad of household articles and toilet articles of plastics decreased by -1% to X tons in 2022. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, the exports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, plastic household articles exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of +2.1% 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 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for plastic household articles exports from the United States, accounting for a 24% share of total exports. Moreover, plastic household articles exports to Canada exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+32.5% per year) and Mexico (+4.4% per year).

In value terms, Canada ($X) remains the key foreign market for household articles and toilet articles of plastics exports from the United States, comprising 43% of total exports. The second position in the ranking was taken by Mexico ($X), with an 8.4% share of total exports. It was followed by Ghana, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.7% per year) and Ghana (+14.1% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, surging by 3.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Household Articles Imports

Imports into the U.S.

In 2022, after three years of growth, there was decline in purchases abroad of household articles and toilet articles of plastics, when their volume decreased by -1.2% to X tons. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted modestly in the following year.

In value terms, plastic household articles imports dropped slightly to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +59.3% against 2012 indices. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to the United States, with a 89% share of total imports. It was followed by Mexico (X tons), with a 2.8% share of total imports. The third position in this ranking was held by Vietnam (X tons), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.2% per year) and Vietnam (+33.4% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to the United States, comprising 76% of total imports. The second position in the ranking was taken by Mexico ($X), with a 7.8% share of total imports. It was followed by Canada, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.8% per year) and Canada (+5.5% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2018 an increase of 8.6%. Over the period under review, average 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 origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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