Benelux: Paper Label Market 2024

Paper Label Market Size in Benelux

In 2021, the Benelux paper label market increased by 27% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Paper Label Production in Benelux

In value terms, paper label production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to see steady growth in the immediate term.

Paper Label Exports

Exports in Benelux

In 2021, shipments abroad of labels of paper or paperboard increased by 35% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, paper label exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 28%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium was the main exporting country with an export of around X tons, which accounted for 64% of total exports. It was distantly followed by the Netherlands (X tons), making up a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +15.8%).

In value terms, the largest paper label supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main exporting countries, the Netherlands, with a CAGR of +3.6%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, waning by -21.5% against the previous year. In general, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2015 an increase of 19%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%).

Paper Label Imports

Imports in Benelux

Paper label imports reduced to X tons in 2021, waning by -5.8% compared with the year before. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then dropped in the following year.

In value terms, paper label imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium was the key importer of labels of paper or paperboard in Benelux, with the volume of imports recording X tons, which was near 70% of total imports in 2021. It was distantly followed by the Netherlands (X tons), committing a 29% share of total imports.

Belgium was also the fastest-growing in terms of the labels of paper or paperboard imports, with a CAGR of +12.2% from 2012 to 2021. The Netherlands experienced a relatively flat trend pattern. Belgium (+25 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -22.4% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021.

In terms of the main importing countries, the Netherlands, with a CAGR of +5.0%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, with an increase of 28% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%).

Source: IndexBox Platform