United Kingdom - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in the UK - 2023
Contents:
- Plastic Closure Price in the UK (CIF) - 2023
- Plastic Closure Price in the UK (FOB) - 2023
- Plastic Closure Imports in the UK
- Plastic Closure Exports in the UK
Plastic Closure Price in the UK (CIF) - 2023
The average plastic closure import price stood at $7,507 per ton in June 2023, reducing by -28.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 50% month-to-month. As a result, import price attained the peak level of $10,468 per ton, and then fell remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($16,057 per ton), while the price for Hungary ($2,262 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in the UK (FOB) - 2023
The average plastic closure export price stood at $8,013 per ton in June 2023, increasing by 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The export price peaked at $8,070 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the United States ($15,395 per ton), while the average price for exports to Turkey ($4,868 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in the UK
In 2022, approx. 57K tons of plastic stoppers, caps and closures were imported into the UK; with a decrease of -22.1% compared with the previous year. In general, imports saw a abrupt decline. The smallest decline of -8.3% was in 2021.
In value terms, plastic closure imports stood at $398M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 3.3% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Plastic Closure in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 95.9 | 89.7 | 75.2 | 81.5 | -5.3% |
| China | 50.5 | 54.6 | 69.7 | 65.4 | 9.0% |
| France | 53.6 | 52.1 | 51.0 | 42.8 | -7.2% |
| Italy | 29.3 | 24.7 | 33.5 | 38.2 | 9.2% |
| United States | 29.8 | 29.0 | 30.7 | 34.9 | 5.4% |
| Spain | 20.3 | 21.4 | 25.3 | 21.4 | 1.8% |
| Poland | 8.7 | 8.9 | 11.6 | 16.2 | 23.0% |
| Netherlands | 23.7 | 18.0 | 14.3 | 14.7 | -14.7% |
| Slovenia | 9.3 | 7.8 | 9.0 | 9.9 | 2.1% |
| Turkey | 3.5 | 4.9 | 7.2 | 7.9 | 31.2% |
| Belgium | 9.3 | 11.3 | 9.2 | 7.1 | -8.6% |
| Norway | 2.2 | 4.5 | 7.0 | 6.3 | 42.0% |
| Ireland | 13.2 | 12.8 | 8.4 | 5.6 | -24.9% |
| Others | 45.9 | 40.9 | 41.1 | 46.3 | 0.3% |
| Total | 395 | 381 | 393 | 398 | 0.3% |
Top Suppliers of Plastic Closure to the UK in 2022:
- Germany (12.4K tons)
- France (8.2K tons)
- China (5.9K tons)
- Italy (4.8K tons)
- United States (3.6K tons)
- Poland (2.9K tons)
- Spain (2.6K tons)
- Turkey (2.0K tons)
- Norway (1.9K tons)
- Slovenia (1.8K tons)
- Netherlands (1.7K tons)
- Belgium (1.3K tons)
- Ireland (0.8K tons)
Plastic Closure Exports in the UK
In 2022, approx. 36K tons of plastic stoppers, caps and closures were exported from the UK; dropping by -17.8% compared with the year before. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 9.9% against the previous year.
In value terms, plastic closure exports declined modestly to $243M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of $253M, and then declined modestly in the following year.
| Export of Plastic Closure in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.6 | 32.1 | 38.0 | 36.1 | 3.5% |
| Ireland | 38.1 | 35.1 | 29.4 | 31.7 | -5.9% |
| Netherlands | 25.5 | 28.1 | 31.1 | 27.7 | 2.8% |
| France | 20.8 | 18.5 | 22.2 | 17.3 | -6.0% |
| United States | 13.8 | 11.2 | 12.8 | 15.4 | 3.7% |
| Poland | 12.3 | 13.5 | 13.3 | 14.4 | 5.4% |
| Italy | 18.7 | 12.3 | 12.0 | 9.8 | -19.4% |
| Denmark | 6.1 | 5.3 | 12.7 | 8.8 | 13.0% |
| Spain | 7.6 | 7.7 | 8.0 | 6.8 | -3.6% |
| Australia | 3.1 | 3.6 | 3.9 | 4.8 | 15.7% |
| Belgium | 6.7 | 5.2 | 4.9 | 4.6 | -11.8% |
| Turkey | 3.4 | 2.8 | 4.8 | 4.3 | 8.1% |
| Russia | 3.5 | 4.0 | 5.2 | 3.0 | -5.0% |
| Others | 52.8 | 47.1 | 54.7 | 58.5 | 3.5% |
| Total | 245 | 226 | 253 | 243 | -0.3% |
Top Export Markets for Plastic Closure from the UK in 2022:
- Ireland (5.9K tons)
- Netherlands (5.4K tons)
- Germany (5.1K tons)
- Poland (2.4K tons)
- France (1.9K tons)
- Denmark (1.2K tons)
- United States (1.2K tons)
- Turkey (1.0K tons)
- Italy (1.0K tons)
- Spain (1.0K tons)
- Australia (0.7K tons)
- Belgium (0.7K tons)
- Russia (0.6K tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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