Ukraine: Plastic Closure Market 2024

Plastic Closure Market Size in Ukraine

The Ukrainian plastic closure market rose markedly to $X in 2022, growing by X% against the previous year. Overall, consumption showed a prominent increase. Plastic closure consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Closure Production in Ukraine

In value terms, plastic closure production rose sharply to $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Plastic closure production peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Closure Exports

Exports from Ukraine

In 2022, after six years of growth, there was significant decline in overseas shipments of plastic stoppers, caps and closures, when their volume decreased by X% to X tons. In general, exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, plastic closure exports contracted sharply to $X in 2022. Over the period under review, exports, however, showed tangible growth. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Russia (X tons), Romania (X tons) and Italy (X tons) were the main destinations of plastic closure exports from Ukraine, together comprising X% of total exports. Belarus, Georgia, Moldova, Lithuania, Latvia, Poland, Chile, Mexico, the UK and Kazakhstan lagged somewhat behind, together comprising a further X%.

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

In value terms, Russia ($X), Italy ($X) and Romania ($X) appeared to be the largest markets for plastic closure exported from Ukraine worldwide, with a combined X% share of total exports. Latvia, Georgia, Belarus, Mexico, Lithuania, Moldova, the UK, Chile, Poland and Kazakhstan lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average plastic closure export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic closure export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Ukraine

After six years of growth, overseas purchases of plastic stoppers, caps and closures decreased by X% to X tons in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic closure imports declined sharply to $X in 2022. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Belarus (X tons) and Turkey (X tons) were the main suppliers of plastic closure imports to Ukraine, with a combined X% share of total imports. Romania, Germany, Russia, Italy, France, Bulgaria, Hungary and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest plastic closure suppliers to Ukraine were Belarus ($X), Poland ($X) and Germany ($X), with a combined X% share of total imports. Italy, China, Turkey, France, Romania, Russia, Hungary and Bulgaria lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :