Benelux: Plastic Supports Market 2024

Plastic Supports Market Size in Benelux

The Benelux plastic supports market contracted rapidly to $X in 2022, shrinking by -27.6% against the previous year. Over the period under review, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Supports Production in Benelux

In value terms, plastic supports production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 1,103% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Supports Exports

Exports in Benelux

In 2022, the amount of spools, cops, bobbins and similar supports of plastics exported in Benelux dropped to X tons, with a decrease of -5.7% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 28%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic supports exports expanded significantly to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +29.0% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 53% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands was the key exporting country with an export of about X tons, which amounted to 80% of total exports. It was distantly followed by Belgium (X tons), creating a 16% share of total exports. Luxembourg (X tons) followed a long way behind the leaders.

Exports from the Netherlands decreased at an average annual rate of -1.1% from 2012 to 2022. At the same time, Luxembourg (+22.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +22.7% from 2012-2022. By contrast, Belgium (-15.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Luxembourg increased by +29 and +3.5 percentage points, respectively.

In value terms, the Netherlands ($X) remains the largest plastic supports supplier in Benelux, comprising 86% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-7.8% per year) and Luxembourg (+21.4% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, rising by 17% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic supports export price increased by +39.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.7%), while the other leaders experienced mixed trends in the export price figures.

Plastic Supports Imports

Imports in Benelux

In 2022, overseas purchases of spools, cops, bobbins and similar supports of plastics decreased by -29.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, plastic supports imports dropped notably to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

The Netherlands was the largest importing country with an import of around X tons, which reached 69% of total imports. It was distantly followed by Belgium (X tons), achieving a 29% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Imports into the Netherlands decreased at an average annual rate of -1.7% from 2012 to 2022. At the same time, Belgium (+3.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +3.6% from 2012-2022. By contrast, Luxembourg (-2.3%) illustrated a downward trend over the same period. While the share of Belgium (+9.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported spools, cops, bobbins and similar supports of plastics in Benelux, comprising 73% of total imports. The second position in the ranking was held by Belgium ($X), with a 26% share of total imports.

In the Netherlands, plastic supports imports increased at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+1.8% per year) and Luxembourg (-0.9% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2015 when the import price increased by 27%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, 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 import price figures.

Source: IndexBox Platform