American imports of plastic shutters and blinds jumped by +11% y-o-y to 97M units in 2020. In value terms, imports grew to $887M, steadily rising during the past decade. Cambodia, China and Viet Nam constitute the largest suppliers to the U.S., accounting for 75% of the American imports. Viet Nam emerged as the fastest-growing exporter of plastic shutters and blinds to the U.S. last year. The average import price for plastic shutters and blinds dropped by -8.9% y-o-y $9.1 per unit in 2020.
In 2020, American imports of plastic sacks and bags soared by +7.7% y-o-y to $3.2B, continuing a steady increase seen over the past decade. China, Canada and Thailand remain leading suppliers of plastic sacks and bags to the U.S., accounting for 55% of the American imports. Last year, purchases from China declined, while imports from Canada grew significantly. Germany emerged as the fastest-growing supplier of plastic sacks and bags to the U.S. The average plastic bag import price increased by +2.7% y-o-y to $3,284 per tonne in 2020.
Last year, American imports of plastic tableware and kitchenware skyrocketed by +35% y-o-y to 942K tonnes, reaching $3.6B in value terms. China prevails in the American import structure, comprising 79% of the total volume; Viet Nam and Mexico follow. All these countries expanded their exports of plastic tableware and kitchenware to America last year. The average import price for plastic tableware and kitchenware fell by -24.8% y-o-y to $3,847 per tonne in 2020.
Chinese exports of PVC floor, wall and ceiling coverings spiked by +14.0% y-o-y to $5.7B, reaching the highest level over the past decade. From 2010 to 2020, exports of PVC coverings from China rose from 720M square meters to 5B square meters. China leads in global PVC coverings exports with a 75%-share of the total volume. The U.S. remains the key foreign market for PVC covering exports from China, accounting for 59% of the exports. Canada and Germany follow the U.S. in this ranking. In 2020, the average export price for Chinese PVC coverings amounted to $1.1 per square meter, falling by -6.4% y-o-y.
The European plastic packaging market remains resilient to the pandemic, amounting to near $31B. According to the New European Green Deal, by 2030, absolutely all plastic packaging consumed in the EU must be recyclable or recyclable. This is to shift supply chains towards reusable packages which could possibly lead to rising costs. However, due to the convenience of plastic packaging amid the pandemic, any radical market contraction is currently not expected.
While the economic recovery from the pandemic could take several years, the renovation plan will provide the additional incentive that could accelerate the recovery of the construction sector and support demand for cellular plates and other insulation materials.
In 2019, the U.S. plastic bottle market increased by 0.1% to $11.5B, rising for the third consecutive year after two...
Russia (8.7M square meters), distantly followed by Ukraine (5.2M square meters), and the UK (4M square meters).