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United Kingdom - Spools, Cops And Similar Supports Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

United Kingdom - Spools, Cops And Similar Supports Of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Jun 14, 2023

UK Plastic Support Price Declines 6%, Averaging $7,351 per Ton After Two Consecutive Months of Contraction

United Kingdom Plastic Support Import Price in February 2023

In February 2023, the plastic support price stood at $7,351 per ton (CIF, United Kingdom), with a decrease of -6.4% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 16% against the previous month. Over the period under review, average import prices hit record highs at $7,995 per ton in December 2022; however, from January 2023 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,656 per ton), while the price for Norway ($3,413 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Belgium (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Plastic Support in United Kingdom (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
United States5,7589,6059,0159,13411,5309,7837,65712,5798,66312,07213,53313,13812,656
Belgium2,3704,0116,2178,4867,4576,5095,7518,0626,1026,4797,0646,75210,552
China13,44310,63010,37011,28210,77512,53011,4909,60211,3169,67912,45210,2219,453
Spain4,0015,4889,4837,63111,66312,34610,9987,55413,9246,65611,4265,7048,499
Netherlands8,4868,5077,5319,1049,9819,7058,7208,1177,7497,5968,4227,7468,306
Italy9,0548,4107,0758,5226,8338,1218,0856,8689,2058,8068,41910,8968,147
Germany6,3686,4646,0056,3765,2118,3107,0126,4896,8635,9316,8326,4256,462
Poland3,7685,3076,3645,8606,2975,3346,1135,5677,0066,8176,2956,7865,814
Turkey4,3434,6134,4924,0624,7932,8023,9083,8683,5814,1143,7625,4405,184
France7,6976,4005,5682,3824,5906,6456,6044,1716,8025,0936,8757,5295,038
Slovenia5,4195,6395,6235,4075,6585,8265,7384,8915,1214,9665,1695,1855,018
Norway3,9605,4773,4532,5322,3263,4143,0282,8402,9754,4175,7203,6293,413
Average6,8337,1527,1246,0666,7917,7197,3476,7127,7897,0497,9957,8557,351

United Kingdom Plastic Support Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In February 2023, the product with the highest price was spools, cops, bobbins and similar supports of plastics ($8,330 per ton), while the price for plastic stoppers, caps and closures totaled $7,315 per ton.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by plastic supports (+0.8%).

United Kingdom Plastic Support Imports

In February 2023, purchases abroad of spools, cops and similar supports of plastics was finally on the rise to reach 4.3K tons for the first time since May 2022, thus ending a eight-month declining trend. Over the period under review, imports, however, recorded a pronounced slump. The pace of growth was the most pronounced in May 2022 with an increase of 25% month-to-month.

In value terms, plastic support imports rose significantly to $32M (IndexBox estimates) in February 2023. In general, imports, however, showed a mild slump. The growth pace was the most rapid in March 2022 with an increase of 18% month-to-month. As a result, imports attained the peak of $45M. From April 2022 to February 2023, the growth of imports remained at a lower figure.

United Kingdom Plastic Support Imports by Type

In February 2023, plastic stoppers, caps and closures (4.2K tons) was the main type of plastic support supplied to the UK, accounting for a 96% share of total imports. Moreover, plastic stoppers, caps and closures exceeded the figures recorded for the second-largest type, spools, cops, bobbins and similar supports of plastics (157 tons), more than tenfold.

From February 2022 to February 2023, the average monthly growth rate of the volume of import of plastic stoppers, caps and closures totaled -1.9%.

In value terms, plastic stoppers, caps and closures ($31M) constituted the largest type of plastic support supplied to the UK, comprising 96% of total imports. The second position in the ranking was held by spools, cops, bobbins and similar supports of plastics ($1.3M), with a 4.1% share of total imports.

United Kingdom Plastic Support Imports by Country

Germany (917 tons), France (778 tons) and China (519 tons) were the main suppliers of plastic support imports to the UK, with a combined 51% share of total imports.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +3.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic support suppliers to the UK were Germany ($5.9M), China ($4.9M) and France ($3.9M), with a combined 46% share of total imports. the United States, Italy, Spain, the Netherlands, Poland, Slovenia, Belgium, Turkey and Norway lagged somewhat behind, together accounting for a further 42%.

In terms of the main suppliers, the United States, with a CAGR of +1.7%, 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic support 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 22221910 - Spools, cops, bobbins and similar supports, of plastics
  • 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:

  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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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