United Kingdom: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in the UK

In 2022, the UK plastic household articles market decreased by -2.7% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Plastic Household Articles Production in the UK

In value terms, plastic household articles production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% 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 2014 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Plastic Household Articles Exports

Exports from the UK

In 2022, shipments abroad of household articles and toilet articles of plastics increased by 3.2% to X tons, rising for the second year in a row after two years of decline. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 45%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, plastic household articles exports expanded remarkably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 31%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X tons), Ireland (X tons) and Denmark (X tons) were the main destinations of plastic household articles exports from the UK, together comprising 43% of total exports. Gambia, Nigeria, Germany, Bangladesh, Sierra Leone, the Netherlands, China, France, the United Arab Emirates and Cote d'Ivoire lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +93.3%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Ghana ($X) and Denmark ($X) appeared to be the largest markets for plastic household articles exported from the UK worldwide, together comprising 36% of total exports. France, Germany, Nigeria, the Netherlands, the United Arab Emirates, Gambia, Bangladesh, China, Sierra Leone and Cote d'Ivoire lagged somewhat behind, together accounting for a further 34%.

Cote d'Ivoire, with a CAGR of +88.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, growing by 2.9% against the previous year. Over the period under review, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 France ($X per ton), while the average price for exports to Gambia ($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 Ghana (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Household Articles Imports

Imports into the UK

In 2022, after two years of growth, there was significant decline in overseas purchases of household articles and toilet articles of plastics, when their volume decreased by -5.7% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic household articles imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 14%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic household articles to the UK, accounting for a 50% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.7% per year) and Turkey (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to the UK, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.6% share of total imports. It was followed by the United States, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.4% per year) and the United States (+6.9% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, increasing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2014 an increase of 14%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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