United Kingdom: Packaging Materials Market 2024

Packaging Materials Market Size in the UK

In 2022, the UK packaging materials market increased by X% to $X, rising for the second consecutive year after two years of decline. 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 somewhat noticeable fluctuations being recorded in certain years. Packaging materials consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Packaging Materials Production in the UK

In value terms, packaging materials production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Packaging materials production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Packaging Materials Exports

Exports from the UK

In 2022, overseas shipments of packaging materials were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, packaging materials exports amounted to $X in 2022. The total export 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 being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of packaging materials exports from the UK, together comprising X% of total exports. France, China, Turkey, Germany, Denmark, Sweden, Finland, Italy and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the Netherlands ($X) and France ($X) constituted the largest markets for packaging materials exported from the UK worldwide, together accounting for X% of total exports. Belgium, Turkey, Germany, China, Italy, Poland, Finland, Sweden and Denmark lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average packaging materials export price stood at $X per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Belgium ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into the UK

In 2022, purchases abroad of packaging materials was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, packaging materials imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Sweden (X tons) and Finland (X tons) were the main suppliers of packaging materials imports to the UK, together comprising X% of total imports. The Netherlands, France, Poland, the United States, Belgium, Spain, Italy, Austria and Chile lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest packaging materials suppliers to the UK were Germany ($X), Sweden ($X) and Finland ($X), together comprising X% of total imports. The Netherlands, France, the United States, Italy, Spain, Poland, Austria, Belgium and Chile lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 packaging materials import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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