Northern America: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Northern America

In 2022, the North American plastic ornamental articles market increased by X% to $X, rising for the fifth year in a row after five years of decline. Over the period under review, consumption enjoyed a notable expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Plastic Ornamental Articles Production in Northern America

In value terms, plastic ornamental articles production dropped significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Plastic Ornamental Articles Exports

Exports in Northern America

In 2022, shipments abroad of statuettes and other ornamental articles of plastic increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a mild decline. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic ornamental articles exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the two major exporters of statuettes and other ornamental articles of plastic, namely the United States and Canada, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the United States ($X) remains the largest plastic ornamental articles supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, plastic ornamental articles exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, approximately reflecting the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Plastic Ornamental Articles Imports

Imports in Northern America

For the fourth year in a row, Northern America recorded growth in supplies from abroad of statuettes and other ornamental articles of plastic, which increased by X% to X tons in 2022. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plastic ornamental articles imports surged to $X in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United States dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the statuettes and other ornamental articles of plastic imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported statuettes and other ornamental articles of plastic in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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