U.S.: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in the U.S.

In 2022, the U.S. plastic ornamental articles market increased by X% to $X, rising for the fifth consecutive year after five years of decline. Over the period under review, consumption enjoyed pronounced growth. Plastic ornamental articles consumption peaked in 2022 and is expected to retain growth in the near future.

Plastic Ornamental Articles Production in the U.S.

In value terms, plastic ornamental articles production shrank sharply to $X in 2022. Over the period under review, production saw a dramatic curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Plastic ornamental articles 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 from the U.S.

In 2022, overseas shipments of statuettes and other ornamental articles of plastic increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 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 in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for plastic ornamental articles exports from the United States, accounting for a X% share of total exports. Moreover, plastic ornamental articles exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by Australia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Australia (X% per year).

In value terms, Canada ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Australia (X% per year).

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated resilient growth 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 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into the U.S.

In 2022, the amount of statuettes and other ornamental articles of plastic imported into the United States soared to X tons, with an increase of X% on 2021. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastic ornamental articles imports soared to $X in 2022. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main plastic ornamental articles supplier to the United States, with a X% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to the United States, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China stood at $X per ton.

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

Source: IndexBox Platform

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