Plastics and rubber products
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Plastics and rubber products industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
Industries in the Plastics and Rubber Products Manufacturing subsector make goods by processing plastics materials and raw rubber. The core technology employed by establishments in this subsector is that of plastics or rubber product production. Plastics and rubber are combined in the same subsector because plastics are increasingly being used as a substitute for rubber; however the subsector is generally restricted to the production of products made of just one material, either solely plastics or rubber.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had decreased 0.2 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry decreased 0.7 percent.
- Prices increased 5.2 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had increased 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.2 percent.
- Costs increased 9.6 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 58.1% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Utilities sector. Costs associated with this sector decreased -4.7%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Manufacturing | 58.1% | -0.6% |
| Labor | 24.4% | +3.2% |
| Professional, Scientific, and Technical Services | 3.6% | -1.1% |
| Transportation and Warehousing | 3.3% | +0.6% |
| Utilities | 1.7% | -4.7% |
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- As of July 2019, demand for this industry had increased 1.8 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 4.2 percent.
- Costs increased 4.7 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Manufacturing sector. This sector accounts for 33.6% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Exports sector, where demand increased 44.6%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Manufacturing | 33.6% | 0% |
| Personal consumption | 17.1% | +4% |
| Exports | 10.8% | +44.6% |
| Construction | 10.6% | -0.6% |
| Wholesale Trade | 5.8% | -1% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU326---326---.
- Costs measured from January 2020
- Demand measured from July 2019
