Plastics Bottle Market - China Is Strengthening Its Share in U.S. Plastic Bottle Imports
Plastics July 07, 2016
Photo: © gemenacom / Bigstockphoto
The U.S. is the leader in global imports of plastic bottles, accounting for a 12% share (based on USD). Germany (8%), France (7%), and Canada (6%) followed. In 2015, U.S. imports on the plastics bottle market totaled 999 million USD, which was 34 million USD (3%) higher than the year before.
U.S. plastic bottle imports showed mixed dynamics from 2007 to 2015. A slight drop in 2009 was followed by steady growth through to 2015, slightly decelerating by the end of the period. In 2010, U.S. plastic bottle imports exceeded the pre-recession import level of 2007.
Supported by a strong pace of import growth, the U.S. continues to be one of the biggest markets for global exporters.
In 2015, Canada and China were the main suppliers of plastic bottles to the U.S., together accounting for 65% of U.S. imports. From 2007 to 2015, China had the highest growth rates of imports, with a CAGR of +11.2%. At the same time, imports from Canada posted only modest growth of +1.4% per year.
China significantly strengthened its position in the U.S. import structure, growing from 20% in 2007 to 31% in 2015, while Canada saw its share reduced from 44% to 34%. The shares of the other countries remained relatively stable throughout the analysed period.
From 2007 to 2015, the U.S. was a net importer of plastic bottles. Net U.S. imports displayed an upward trend starting in 2009. In 2015, this industry ran a significant trade deficit of 275 million USD. This deficit has potential for substantial growth in the years to come, driven by the negative export trend.
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Source: U.S. Plastics Bottle Market. Analysis And Forecast to 2020
