Benelux: Plastic Closure Market 2024

Plastic Closure Market Size in Benelux

The Benelux plastic closure market was estimated at $X in 2022, picking up by 3.1% against the previous year. The total consumption indicated prominent growth 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, consumption increased by +22.2% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Plastic Closure Production in Benelux

In value terms, plastic closure production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Closure Exports

Exports in Benelux

Plastic closure exports reduced modestly to X tons in 2022, declining by -4.8% against the year before. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 30%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic closure exports dropped remarkably to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) were the key exporters of plastic stoppers, caps and closures in Benelux, together reaching near 90% of total exports. It was distantly followed by Luxembourg (X tons), achieving a 10% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +2.8%), while the other leaders experienced a decline in the exports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, the Netherlands, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, declining by -11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2014 when the export price increased by 26%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($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 Netherlands (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Plastic Closure Imports

Imports in Benelux

Plastic closure imports stood at X tons in 2022, with an increase of 5.9% against the previous year's figure. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +44.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, plastic closure imports fell to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The Netherlands was the major importer of plastic stoppers, caps and closures in Benelux, with the volume of imports reaching X tons, which was near 66% of total imports in 2022. It was distantly followed by Belgium (X tons), committing a 33% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +4.2%).

In value terms, the largest plastic closure importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main importing countries, the Netherlands, with a CAGR of +4.4%, 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 2022, dropping by -18.5% against the previous year. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%).

Source: IndexBox Platform