Northern America: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Northern America

The North American plastics in primary forms market totaled $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Plastics in Primary Forms in Northern America

In value terms, plastics in primary forms production expanded remarkably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Plastics in Primary Forms

Exports in Northern America

In 2023, shipments abroad of plastics in primary formses increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastics in primary forms exports contracted to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then declined in the following year.

Exports by Country

The United States was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Canada (X tons), constituting a X% share of total exports.

The United States was also the fastest-growing in terms of the plastics in primary formses exports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States increased by X percentage points.

In value terms, the United States ($X) remains the largest plastics in primary forms supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with an X% share of total exports.

In the United States, plastics in primary forms exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then fell notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Imports of Plastics in Primary Forms

Imports in Northern America

In 2023, the amount of plastics in primary formses imported in Northern America declined to X tons, reducing by X% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, plastics in primary forms imports reduced dramatically to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced markedly in the following year.

Imports by Country

The United States represented the main importer of plastics in primary formses in Northern America, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

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

In the United States, plastics in primary forms imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform