Austria: Plastic Closure Market 2024

Plastic Closure Market Size in Austria

The Austrian plastic closure market shrank modestly to $X in 2022, stabilizing at the previous year. Overall, consumption recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Plastic Closure Production in Austria

In value terms, plastic closure production reduced to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Plastic Closure Exports

Exports from Austria

In 2022, shipments abroad of plastic stoppers, caps and closures decreased by -1.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 36% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, plastic closure exports reached $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for plastic closure exports from Austria, accounting for a 47% share of total exports. Moreover, plastic closure exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The Czech Republic (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+18.2% per year) and the Czech Republic (+15.3% per year).

In value terms, Germany ($X) remains the key foreign market for plastic stoppers, caps and closures exports from Austria, comprising 38% of total exports. The second position in the ranking was taken by Italy ($X), with a 6.9% share of total exports. It was followed by Poland, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+15.0% per year) and Poland (+9.5% per year).

Export Prices by Country

The average plastic closure export price stood at $X per ton in 2022, rising by 2.6% against the previous year. In general, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2021 an increase of 7.8% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 the UK (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Austria

After five years of growth, supplies from abroad of plastic stoppers, caps and closures decreased by -0.6% to X tons in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2012 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 15% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell slightly in the following year.

In value terms, plastic closure imports stood at $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by 28%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of plastic closure to Austria, with a 45% share of total imports. Moreover, plastic closure imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. Switzerland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+4.9% per year) and Switzerland (+16.0% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic stoppers, caps and closures to Austria, comprising 43% of total imports. The second position in the ranking was held by Switzerland ($X), with a 12% share of total imports. It was followed by Hungary, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+12.0% per year) and Hungary (+7.0% per year).

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, with an increase of 2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 11%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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