In 2023, the value of Plastics and Articles Thereof imported to the US stood at $70.5 billion. The forecasted data from 2024 to 2028 shows a steady year-on-year increase: from $72.244 billion in 2024 to $80.189 billion in 2028. This progression highlights a consistent growth rate with slight variations year-over-year: 2.83% in 2025, 2.70% in 2026, 2.58% in 2027, and 2.46% in 2028.
Over the last two years, the import value has grown by approximately 2.56% annually. The Compound Annual Growth Rate (CAGR) for the forecast period from 2024 to 2028 is around 2.64%, indicating a stable upward trend in imports of plastics and related articles.
Future trends to watch for include potential impacts from emerging sustainability regulations, shifts in global production capacities, and technological advancements in manufacturing that could affect the import landscape for plastics and their articles. Additionally, any geopolitical events or trade policy changes could also significantly impact this forecast.
