Plastic Office or School Supplies Market

The article highlights the rising demand for plastic office and school supplies worldwide, with projections indicating an upward consumption trend over the period from 2022 to 2030. The forecasted CAGR for market volume and value shows steady growth, with key consuming countries identified. The article also discusses the trends in production, imports, and exports of plastic office supplies, including average prices and notable growth rates among leading countries.

Market Forecast

Driven by rising demand for plastic office or school supplies worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market volume to 2.5M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.3% for the period from 2022 to 2030, which is projected to bring the market value to $11.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Office Or School Supplies Of Plastics

In 2022, approx. 1.7M tons of office or school supplies of plastics were consumed worldwide; shrinking by -52.5% against the previous year. Over the period under review, consumption saw a abrupt curtailment. As a result, consumption reached the peak volume of 3.6M tons, and then reduced rapidly in the following year.

The value of the market for office or school supplies of plastics worldwide dropped notably to $6.5B in 2022, which is down by -59.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt descent. As a result, consumption reached the peak level of $16.1B, and then contracted dramatically in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (310K tons), China (303K tons) and India (166K tons), together accounting for 45% of global consumption. Brazil, Nigeria, Russia, Japan, Indonesia, Germany, Mexico, France, Poland and Canada lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Brazil (with a CAGR of +16.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic office or school supplies markets worldwide were China ($1.1B), the United States ($998M) and India ($655M), with a combined 43% share of the global market. Russia, Germany, Nigeria, Japan, Indonesia, Canada, France, Brazil, Poland and Mexico lagged somewhat behind, together comprising a further 28%.

Among the main consuming countries, Brazil, with a CAGR of +9.7%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of plastic office or school supplies per capita consumption in 2022 were the United States (924 kg per 1000 persons), Poland (796 kg per 1000 persons) and Canada (697 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +15.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Office Or School Supplies Of Plastics

In 2022, global production of office or school supplies of plastics dropped notably to 1.6M tons, waning by -54% against the previous year's figure. In general, production recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 115%. As a result, production reached the peak volume of 3.6M tons, and then fell rapidly in the following year.

In value terms, plastic office or school supplies production fell slightly to $6.8B in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 3.1%. Global production peaked at $11.6B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of plastic office or school supplies production was China (634K tons), accounting for 39% of total volume. Moreover, plastic office or school supplies production in China exceeded the figures recorded by the second-largest producer, India (165K tons), fourfold. The third position in this ranking was taken by the United States (145K tons), with an 8.8% share.

In China, plastic office or school supplies production contracted by an average annual rate of -1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-20.3% per year) and the United States (-5.2% per year).

Imports

World Imports of Office Or School Supplies Of Plastics

In 2022, supplies from abroad of office or school supplies of plastics increased by 14% to 599K tons, rising for the second year in a row after three years of decline. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic office or school supplies imports expanded to $2.4B in 2022. Overall, imports, however, continue to indicate a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Global imports peaked at $2.6B in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

The United States represented the main importer of office or school supplies of plastics in the world, with the volume of imports finishing at 178K tons, which was near 30% of total imports in 2022. It was distantly followed by Japan (60K tons), generating a 10% share of total imports. Germany (25K tons), France (24K tons), the Netherlands (23K tons), Spain (19K tons), the UK (17K tons), the Philippines (13K tons), Chile (13K tons), Belgium (11K tons) and Italy (10K tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic office or school supplies imports into the United States stood at +5.0%. At the same time, Chile (+17.6%), the Philippines (+3.9%) and Italy (+1.6%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +17.6% from 2012-2022. France, the Netherlands and Japan experienced a relatively flat trend pattern. By contrast, Germany (-1.3%), Belgium (-4.0%), the UK (-4.1%) and Spain (-4.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Chile increased by +11 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($504M) constitutes the largest market for imported office or school supplies of plastics worldwide, comprising 21% of global imports. The second position in the ranking was held by Japan ($214M), with a 9.1% share of global imports. It was followed by the Netherlands, with a 6.8% share.

In the United States, plastic office or school supplies imports shrank by an average annual rate of -1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-1.1% per year) and the Netherlands (+4.8% per year).

Import Prices By Country

In 2022, the average import price for office or school supplies of plastics amounted to $3,939 per ton, reducing by -8.1% against the previous year. In general, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of 4.6%. Over the period under review, average import prices hit record highs at $4,579 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($7,059 per ton), while the Philippines ($976 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Office Or School Supplies Of Plastics

In 2022, shipments abroad of office or school supplies of plastics increased by 9.2% to 523K tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The global exports peaked at 629K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic office or school supplies exports expanded significantly to $2.9B in 2022. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports By Country

China dominates exports structure, resulting at 333K tons, which was approx. 64% of total exports in 2022. Germany (18K tons), Mexico (14K tons), the Netherlands (14K tons), the United States (13K tons), Vietnam (11K tons), the United Arab Emirates (10K tons), Poland (10K tons), Turkey (9.8K tons) and Taiwan (Chinese) (9.1K tons) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of office or school supplies of plastics. At the same time, the United Arab Emirates (+8.5%), the Netherlands (+3.9%) and Vietnam (+1.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +8.5% from 2012-2022. Taiwan (Chinese) and Poland experienced a relatively flat trend pattern. By contrast, Turkey (-1.3%), Mexico (-2.9%), the United States (-3.4%) and Germany (-3.9%) illustrated a downward trend over the same period. While the share of China (+6.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.8B) remains the largest plastic office or school supplies supplier worldwide, comprising 62% of global exports. The second position in the ranking was taken by Germany ($128M), with a 4.4% share of global exports. It was followed by the United States, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-3.5% per year) and the United States (-2.9% per year).

Export Prices By Country

In 2022, the average export price for office or school supplies of plastics amounted to $5,579 per ton, surging by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2016 an increase of 21%. The global export price peaked in 2022 and is likely to see gradual growth in years to come.

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 Germany ($7,147 per ton), while the United Arab Emirates ($2,964 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform