Global Plastic Household Articles Market 2024

Plastic Household Articles Market Size

The global plastic household articles market totaled $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Plastic Household Articles Production

In value terms, plastic household articles production stood at $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 25%. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Household Articles Exports

Exports

In 2022, after five years of growth, there was decline in overseas shipments of household articles and toilet articles of plastics, when their volume decreased by -3.2% to X tons. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.4% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 21%. Over the period under review, the global exports attained the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, plastic household articles exports reached $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was near 53% of total exports in 2022. It was distantly followed by the United States (X tons), constituting a 4.7% share of total exports. The following exporters - Poland (X tons), Italy (X tons), Turkey (X tons), Germany (X tons), the UK (X tons), the Philippines (X tons) and the Netherlands (X tons) - together made up 20% of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic household articles exports from China stood at +10.2%. At the same time, the Philippines (+17.3%), Turkey (+11.7%), the Netherlands (+10.6%), the UK (+10.1%), Poland (+6.5%), Germany (+6.4%), the United States (+1.8%) and Italy (+1.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.3% from 2012-2022. From 2012 to 2022, the share of China increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic household articles supplier worldwide, comprising 59% of global exports. The second position in the ranking was taken by the United States ($X), with a 4.6% share of global exports. It was followed by Germany, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +17.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+2.1% per year) and Germany (+4.5% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X 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 +2.5%. The growth pace was the most rapid in 2021 an increase of 7.7% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the immediate term.

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 ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other global leaders experienced more modest paces of growth.

Plastic Household Articles Imports

Imports

After ten years of growth, purchases abroad of household articles and toilet articles of plastics decreased by -2.3% to X tons in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +81.0% against 2012 indices. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports attained the peak of X tons, and then fell modestly in the following year.

In value terms, plastic household articles imports reduced to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +45.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The United States represented the key importer of household articles and toilet articles of plastics in the world, with the volume of imports recording X tons, which was approx. 37% of total imports in 2022. Germany (X tons), Canada (X tons), France (X tons), Australia (X tons), Japan (X tons), the Philippines (X tons), the UK (X tons) and the Netherlands (X tons) took a little share of total imports.

The United States was also the fastest-growing in terms of the household articles and toilet articles of plastics imports, with a CAGR of +9.2% from 2012 to 2022. At the same time, Germany (+6.1%), Australia (+5.1%), France (+4.5%), the Philippines (+3.8%), the Netherlands (+2.9%) and Canada (+2.0%) displayed positive paces of growth. The UK and Japan experienced a relatively flat trend pattern. The United States (+9.3 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -2.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported household articles and toilet articles of plastics worldwide, comprising 32% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.6% share of global imports. It was followed by Canada, with a 4.2% share.

In the United States, plastic household articles imports expanded at an average annual rate of +4.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+5.8% per year) and Canada (+2.9% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 5% against the previous year. Global import price peaked at $X 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 Canada ($X per ton), while the Philippines ($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 Philippines (+9.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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