U.S.: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in the U.S.

For the fourth consecutive year, the U.S. market for self-adhesive plastic tape in rolls of a width under 20cm recorded growth in sales value, which increased by 1.4% to $X in 2022. The market value increased at an average annual rate of +4.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in the U.S.

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm amounted to $X in 2022. The total output value increased at an average annual rate of +4.2% 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 2019 with an increase of 19% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from the U.S.

In 2022, shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm rose remarkably to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from the United States, with a 24% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was held by Singapore (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-18.1% per year) and Singapore (-5.0% per year).

In value terms, Mexico ($X), Canada ($X) and Singapore ($X) were the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from the United States worldwide, together accounting for 65% of total exports. The UK, Japan, Australia, Saudi Arabia, Brazil, Belgium, Hong Kong SAR, South Korea, Chile and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, surging by 8% against the previous year. Over the period under review, the export price enjoyed resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Korea ($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 Mexico (+27.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into the U.S.

In 2022, overseas purchases of self-adhesive plastic tape in rolls of a width under 20cm increased by 6% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm rose notably to $X in 2022. The total import value increased at an average annual rate of +4.9% from 2012 to 2022; 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 29% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and India (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to the United States, with a combined 55% share of total imports. Mexico, Canada, Indonesia, Malaysia and Vietnam lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +58.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to the United States were Taiwan (Chinese) ($X), Canada ($X) and China ($X), with a combined 53% share of total imports. Mexico, India, Indonesia, Malaysia and Vietnam lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Malaysia, with a CAGR of +43.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, almost unchanged from the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for self-adhesive plastic tape in rolls of a width under 20cm increased by +56.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Vietnam ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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