U.S.: Plastic Bottle Market 2024

Plastic Bottle Market Size in the U.S.

The U.S. plastic bottle market surged to $X in 2022, rising by 39% against the previous year. Overall, consumption, however, showed a abrupt setback. Plastic bottle consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Bottle Production in the U.S.

In value terms, plastic bottle production skyrocketed to $X in 2022. Over the period under review, production, however, continues to indicate a abrupt slump. Plastic bottle production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Bottle Exports

Exports from the U.S.

In 2022, the amount of carboys, bottles and similar articles of plastics exported from the United States amounted to X tons, rising by 3.7% against the year before. The total export volume increased at an average annual rate of +1.6% from 2020 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +10.1% from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for plastic bottle exports from the United States, accounting for a 48% share of total exports. Moreover, plastic bottle exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Trinidad and Tobago (X tons), with a 4.9% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+18.5% per year) and Trinidad and Tobago (-0.8% per year).

In value terms, Canada ($X) remains the key foreign market for carboys, bottles and similar articles of plastics exports from the United States, comprising 59% of total exports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total exports. It was followed by Belgium, with a 4.4% share.

From 2020 to 2022, the average annual growth rate of value to Canada amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+25.4% per year) and Belgium (+2.4% per year).

Export Prices by Country

The average plastic bottle export price stood at $X per ton in 2022, with an increase of 7.7% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +8.4%. The most prominent rate of growth was recorded in 2021 an increase of 9.2%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bottle Imports

Imports into the U.S.

In 2022, the amount of carboys, bottles and similar articles of plastics imported into the United States dropped modestly to X tons, waning by -5% compared with the year before. In general, imports continue to indicate a noticeable setback. The smallest decline of -0.2% was in 2021. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, plastic bottle imports totaled $X in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2020 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 when imports increased by 8.7% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest plastic bottle supplier to the United States, with a 45% share of total imports. Moreover, plastic bottle imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 9.5% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from Canada amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.6% per year) and Mexico (+11.5% per year).

In value terms, the largest plastic bottle suppliers to the United States were China ($X), Canada ($X) and Mexico ($X), with a combined 69% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +18.3%, saw the highest rates of growth with regard to 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

The average plastic bottle import price stood at $X per ton in 2022, rising by 9.6% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +9.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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