Plastic Household Articles Market

The article discusses the current trends and future projections for the global market of household articles and toilet articles made of plastics. It covers consumption patterns, market value, production volumes, import and export trends, as well as key players in the market. The data reveals insights into the dominant countries in production, import, and export, as well as the growth rates in different regions. Overall, the market is expected to see continued growth in the coming years.

Market Forecast

Driven by increasing demand for household articles and toilet articles of plastics worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 8.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $44.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Household Articles And Toilet Articles Of Plastics

In 2022, global consumption of household articles and toilet articles of plastics reached 6.8M tons, almost unchanged from 2021 figures. The total consumption volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption attained the maximum volume in 2022 and is expected to retain growth in the immediate term.

The global plastic household articles market revenue was estimated at $29.1B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.2M tons), the United States (885K tons) and India (534K tons), with a combined 38% share of global consumption. Italy, Russia, Japan, Indonesia, Germany, Pakistan, Turkey, Mexico, the UK and Iran lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Italy (with a CAGR of +8.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic household articles markets worldwide were China ($5.6B), the United States ($3.4B) and Japan ($2B), together comprising 38% of the global market. Turkey, India, Italy, Russia, Germany, Indonesia, Mexico, Pakistan, the UK and Iran lagged somewhat behind, together accounting for a further 33%.

In terms of the main consuming countries, Turkey, with a CAGR of +8.9%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of plastic household articles per capita consumption was registered in Italy (5.9 kg per person), followed by the United States (2.6 kg per person), Germany (2.3 kg per person) and Russia (2 kg per person), while the world average per capita consumption of plastic household articles was estimated at 0.9 kg per person.

From 2012 to 2022, the average annual rate of growth in terms of the plastic household articles per capita consumption in Italy totaled +8.0%. In the other countries, the average annual rates were as follows: the United States (+5.3% per year) and Germany (+4.1% per year).

Production

World Production of Household Articles And Toilet Articles Of Plastics

Global plastic household articles production totaled 6.3M tons in 2022, surging by 1.7% against 2021 figures. The total output volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 20%. Over the period under review, global production hit record highs in 2022 and is likely to see steady growth in the immediate term.

In value terms, plastic household articles production amounted to $28.7B in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +4.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, global production attained the maximum level at $32B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of plastic household articles production was China (2.3M tons), accounting for 36% of total volume. Moreover, plastic household articles production in China exceeded the figures recorded by the second-largest producer, India (545K tons), fourfold. The third position in this ranking was held by Italy (386K tons), with a 6.1% share.

In China, plastic household articles production increased at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+4.6% per year) and Italy (+6.3% per year).

Imports

World Imports of Household Articles And Toilet Articles Of Plastics

After ten years of growth, supplies from abroad of household articles and toilet articles of plastics decreased by -2.4% to 2.6M tons in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +83.7% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 2.7M tons, and then fell slightly in the following year.

In value terms, plastic household articles imports declined modestly to $10.6B in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +43.4% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $10.7B, leveling off in the following year.

Imports By Country

The United States represented the largest importing country with an import of about 963K tons, which recorded 37% of total imports. The following importers - Germany (108K tons), Canada (71K tons), France (71K tons), Australia (67K tons), Japan (66K tons), the Philippines (61K tons), the UK (55K tons), the Netherlands (55K tons) and Iraq (55K tons) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic household articles imports into the United States stood at +9.2%. At the same time, Iraq (+24.4%), Germany (+6.9%), Australia (+5.1%), France (+4.5%), the Philippines (+3.8%), the Netherlands (+3.4%) and Canada (+1.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +24.4% from 2012-2022. The UK and Japan experienced a relatively flat trend pattern. The United States (+8.8 p.p.) and Iraq (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while the UK, Canada and Japan saw its share reduced by -1.5%, -1.6% and -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 ($3.3B) constitutes the largest market for imported household articles and toilet articles of plastics worldwide, comprising 31% of global imports. The second position in the ranking was held by Germany ($617M), with a 5.8% share of global imports. It was followed by Canada, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +4.8%. In the other countries, the average annual rates were as follows: Germany (+6.4% per year) and Canada (+2.9% per year).

Import Prices By Country

In 2022, the average plastic household articles import price amounted to $4,072 per ton, rising by 2.5% against the previous year. Over the period under review, the import price, however, showed a slight slump. The growth pace was the most rapid in 2018 when the average import price increased by 5.2% against the previous year. Global import price peaked at $4,760 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($6,177 per ton), while the Philippines ($1,680 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.

Exports

World Exports of Household Articles And Toilet Articles Of Plastics

In 2022, overseas shipments of household articles and toilet articles of plastics decreased by -0.9% to 2.1M tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +54.4% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 17%. Over the period under review, the global exports attained the peak figure at 2.2M tons in 2021, and then contracted in the following year.

In value terms, plastic household articles exports rose to $11.7B in 2022. In general, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

China dominates exports structure, finishing at 1.1M tons, which was approx. 52% of total exports in 2022. It was distantly followed by the United States (99K tons), comprising a 4.6% share of total exports. The following exporters - Poland (83K tons), Italy (74K tons), Germany (62K tons), Turkey (62K tons), the UK (50K tons), the Netherlands (45K tons), the Philippines (42K tons), the United Arab Emirates (38K tons) and Spain (33K tons) - together made up 23% of total exports.

Exports from China increased at an average annual rate of +10.2% from 2012 to 2022. At the same time, the United Arab Emirates (+19.8%), the Philippines (+17.3%), the Netherlands (+12.1%), Turkey (+11.7%), the UK (+10.3%), Spain (+7.1%), Germany (+7.0%), Poland (+6.5%), the United States (+1.8%) and Italy (+1.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.8% from 2012-2022. While the share of China (+14 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-2.5 p.p.) and the United States (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($6.8B) remains the largest plastic household articles supplier worldwide, comprising 58% of global exports. The second position in the ranking was held by the United States ($536M), with a 4.6% share of global exports. It was followed by Germany, with a 4.1% share.

In China, plastic household articles exports expanded at an average annual rate of +17.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+2.1% per year) and Germany (+5.0% per year).

Export Prices By Country

The average plastic household articles export price stood at $5,495 per ton in 2022, increasing by 3.9% 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 2013 when the average export price increased by 6.8% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($7,675 per ton), while the United Arab Emirates ($2,477 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.

Source: IndexBox Market Intelligence Platform