EU: Plastic Closure Market 2024

Plastic Closure Market Size in the EU

The EU plastic closure market amounted to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Closure Production in the EU

In value terms, plastic closure production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Plastic Closure Exports

Exports in the EU

After two years of growth, shipments abroad of plastic stoppers, caps and closures decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic closure exports fell modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Spain (X tons), Italy (X tons), Poland (X tons), Hungary (X tons), the Netherlands (X tons), Belgium (X tons) and Austria (X tons) were the key exporters of plastic stoppers, caps and closures, together achieving X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic closure exports from Germany stood at X%. At the same time, Austria (X%), Poland (X%), Belgium (X%), Spain (X%), Italy (X%), France (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland and Austria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic closure supplying countries in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined X% share of total exports. Spain, the Netherlands, Poland, Belgium, Hungary and Austria lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Plastic Closure Imports

Imports in the EU

Plastic closure imports expanded remarkably to X tons in 2022, with an increase of X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, plastic closure imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of plastic closure imports in 2022 were Spain (X tons), Germany (X tons), France (X tons), the Netherlands (X tons), Italy (X tons), Belgium (X tons) and Poland (X tons), together amounting to X% of total import. The following importers - Ireland (X tons), Sweden (X tons), Austria (X tons), Hungary (X tons), Romania (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Netherlands, Spain, Poland, Belgium, Austria, Sweden, the Czech Republic, Hungary, Ireland and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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