Belgium: Plastic Closure Market 2024

Plastic Closure Market Size in Belgium

In 2022, the Belgian plastic closure market decreased by -1.1% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plastic Closure Production in Belgium

In value terms, plastic closure production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 49% against the previous year. Plastic closure production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Closure Exports

Exports from Belgium

In 2022, overseas shipments of plastic stoppers, caps and closures decreased by -13.9% to X tons, falling for the second consecutive year after five years of growth. Overall, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic closure exports fell to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 21%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of plastic closure exports from Belgium, together accounting for 67% of total exports. Italy, Spain, Poland and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +17.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic closure exported from Belgium were France ($X), the Netherlands ($X) and Italy ($X), with a combined 58% share of total exports. Germany, Spain, Poland and the UK lagged somewhat behind, together accounting for a further 24%.

Poland, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average plastic closure export price amounted to $X per ton, growing by 1.8% against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Netherlands ($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 (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Belgium

In 2022, approx. X tons of plastic stoppers, caps and closures were imported into Belgium; shrinking by -11.2% compared with the previous year. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 22%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, plastic closure imports fell to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of plastic closure imports to Belgium, with a combined 70% share of total imports. Spain, Luxembourg, Italy, Poland and the United States lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic closure suppliers to Belgium were France ($X), Germany ($X) and the Netherlands ($X), with a combined 65% share of total imports. Spain, Luxembourg, Italy, the United States and Poland lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Poland, with a CAGR of +12.1%, saw 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 average plastic closure import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 ($X per ton), while the price for the Netherlands ($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 United States (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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