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United Kingdom - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 30, 2023
UK Plastic Bag Price Plummets to $3,996 per Ton, Fluctuating Wildly over 2022
United Kingdom Plastic Bag Import Price in September 2022
In September 2022, the plastic bag price amounted to $3,996 per ton (CIF, United Kingdom), reducing by -15.3% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in August 2022 an increase of 21% against the previous month. As a result, import price attained the peak level of $4,720 per ton, and then declined markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Portugal ($6,447 per ton), while the price for the United Arab Emirates ($479 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Qatar (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
United Kingdom Plastic Bag Import Prices by Type
Average prices varied somewhat amongst the major supplied products. In September 2022, the product with the highest price was plastics ($4,569 per ton), while the price for sacks and bags of polymers of ethylene amounted to $3,537 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by ethylene polymer bag (+4.4%).
United Kingdom Plastic Bag Imports
In September 2022, approximately 2.3K tons of plastic sacks and bags were imported into the UK; shrinking by -26.8% compared with the previous month. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in July 2022 with an increase of 69% m-o-m. As a result, imports attained the peak of 8.1K tons. From August 2022 to September 2022, the growth of imports remained at a somewhat lower figure.
In value terms, plastic bag imports declined remarkably to $9M (IndexBox estimates) in September 2022. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in July 2022 with an increase of 98% m-o-m. As a result, imports reached the peak of $32M. From August 2022 to September 2022, the growth of imports remained at a somewhat lower figure.
United Kingdom Plastic Bag Imports by Type
Sacks and bags of polymers of ethylene (1.3K tons) and plastics (1K tons) were the main products of plastic bag imports to the UK.
From January 2022 to September 2022, the biggest increases were in plastics; sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers (with a CAGR of -10.5%).
In value terms, plastics ($4.6M) and sacks and bags of polymers of ethylene ($4.4M) appeared to be the most imported types of plastic sacks and bags in the UK.
United Kingdom Plastic Bag Imports by Country
Ireland (449 tons), France (340 tons) and Lithuania (232 tons) were the main suppliers of plastic bag imports to the UK, together comprising 45% of total imports. Belgium, the United Arab Emirates, Portugal, Italy, the Netherlands, Bulgaria, Qatar, Vietnam, New Zealand and India lagged somewhat behind, together accounting for a further 40%.
From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +81.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, France ($1.7M), Belgium ($1.1M) and Lithuania ($885K) constituted the largest plastic bag suppliers to the UK, together comprising 41% of total imports. These countries were followed by Ireland, Portugal, Italy, Bulgaria, New Zealand, Vietnam, the Netherlands, India, Qatar and the United Arab Emirates, which together accounted for a further 38%.
In terms of the main suppliers, the Netherlands, with a CAGR of +51.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Plastic Bag Market Overview
The United Kingdom's plastic bag market is one of the most important in Europe. There are a number of factors that contribute to the UK's strong plastic bag market.
One of the key factors is the country's population density. With a population of over 65 million people, the UK is one of the most densely populated countries in Europe. This means that there is a large potential market for plastic bags.
Moreover, there has been a shift away from traditional materials such as paper and cloth bags, which are perceived to be less durable and more expensive. The plastic bags also offer a number of benefits over other types of packaging, including being lightweight, moisture-resistant and recyclable.
Finally, another important factor that has contributed to the success of the plastic bag market in the UK is the availability of raw materials. The country has a large number of companies that produce raw materials for plastic bags, such as polyethylene and polypropylene. This ensures that there is a constant supply of raw materials available for businesses to use, helping to keep costs down.
This report provides an in-depth analysis of the plastic bag market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
• Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
• United Kingdom
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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