American Plastics Industry Status and Prospects
2018-04-30 02:00:05
The output of U.S. plastics (raw materials) has been ranked first in the world for many years. Since the 1980s, the United States has seen a steady growth in plastic production, accounting for more than 30% of the world's total production since 1996. In 2001, the output of plastics in the United States was 41.7 million tons, of which polyethylene was the most, reaching more than 15 million tons, followed by polyvinyl chloride, polypropylene, polystyrene, and polyester. The plastics industry is also a major industry in the United States, accounting for third in the United States. The total amount of plastics consumed in the United States also accounts for the first place in the world. In 2001, the amount of plastics consumed in the United States was 42.8 million tons.
In 2006, the export volume of plastic products in the United States increased by 12.3%, and the total value of exports reached 43.4 billion U.S. dollars. In the first seven months of 2007, the export volume increased by 11.7% year-on-year. Imports increased by 7.5% in 2006. In the first seven months of 2007, imports decreased by 2.3% year-on-year. Canada and Mexico are the largest plastic trading partners in the United States, accounting for nearly half of the US export market. China is the third largest trading partner of the United States and the second largest importer of plastics in the United States, second only to Canada. In 2006, the trade surplus of the U.S. plastics industry was 5.8 billion U.S. dollars, far exceeding the 3.7 billion U.S. dollars in 2005. The surplus for the first seven months of 2007 has reached $5.9 billion, exceeding the full year of 2006.
William R. Carteaux, president and chief executive officer of the American Plastics Industry Association (SPI), analyzed that despite the fact that the number of companies and employees in the US plastics industry is less than in 2000, the competitiveness of nearly 19,000 plastics plants in the United States is historical. The strongest, more advanced technology, higher quality labor force, more emphasis on the development of new international business. It is precisely because of this that the United States has continued to increase its shipments of plastic products to domestic and foreign markets, and the plastics industry has maintained a huge trade surplus.
In recent years, the United States has seen a rapid increase in imports of plastic products from China. The plastic products imported from China are mainly low value-added products such as plastic toys and durable plastic consumer products. The quantity is large but the price is low. At the same time, some plastics processing companies in the United States have accused these low-priced plastic products of impacting sales of their products in the United States, and have repeatedly applied to the US government for anti-dumping investigations. High value-added products, such as medical plastics and plastic electrical accessories, are imported from Europe.
William R. Carteaux pointed out that with the continuous increase in the imports of resins, machinery, molds and processed products, especially the rapid increase in imports of plastic parts and finished products from China, the US plastics industry still maintains a trade surplus. After years of globalization and outsourcing to low-cost countries, the US plastics industry is more powerful than ever. Despite the large potential market in China and India, the United States actually consumes a huge amount of plastic-related products and is currently the world's largest single national plastics market. Therefore, the US plastics industry has bright prospects.
In 2006, the export volume of plastic products in the United States increased by 12.3%, and the total value of exports reached 43.4 billion U.S. dollars. In the first seven months of 2007, the export volume increased by 11.7% year-on-year. Imports increased by 7.5% in 2006. In the first seven months of 2007, imports decreased by 2.3% year-on-year. Canada and Mexico are the largest plastic trading partners in the United States, accounting for nearly half of the US export market. China is the third largest trading partner of the United States and the second largest importer of plastics in the United States, second only to Canada. In 2006, the trade surplus of the U.S. plastics industry was 5.8 billion U.S. dollars, far exceeding the 3.7 billion U.S. dollars in 2005. The surplus for the first seven months of 2007 has reached $5.9 billion, exceeding the full year of 2006.
William R. Carteaux, president and chief executive officer of the American Plastics Industry Association (SPI), analyzed that despite the fact that the number of companies and employees in the US plastics industry is less than in 2000, the competitiveness of nearly 19,000 plastics plants in the United States is historical. The strongest, more advanced technology, higher quality labor force, more emphasis on the development of new international business. It is precisely because of this that the United States has continued to increase its shipments of plastic products to domestic and foreign markets, and the plastics industry has maintained a huge trade surplus.
In recent years, the United States has seen a rapid increase in imports of plastic products from China. The plastic products imported from China are mainly low value-added products such as plastic toys and durable plastic consumer products. The quantity is large but the price is low. At the same time, some plastics processing companies in the United States have accused these low-priced plastic products of impacting sales of their products in the United States, and have repeatedly applied to the US government for anti-dumping investigations. High value-added products, such as medical plastics and plastic electrical accessories, are imported from Europe.
William R. Carteaux pointed out that with the continuous increase in the imports of resins, machinery, molds and processed products, especially the rapid increase in imports of plastic parts and finished products from China, the US plastics industry still maintains a trade surplus. After years of globalization and outsourcing to low-cost countries, the US plastics industry is more powerful than ever. Despite the large potential market in China and India, the United States actually consumes a huge amount of plastic-related products and is currently the world's largest single national plastics market. Therefore, the US plastics industry has bright prospects.