Benelux: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Benelux

In 2022, the Benelux plastic ornamental articles market increased by 76% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Ornamental Articles Production in Benelux

In value terms, plastic ornamental articles production stood at $X in 2022 estimated in export price. In general, production saw a significant increase. The growth pace was the most rapid in 2019 when the production volume increased by 54%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plastic Ornamental Articles Exports

Exports in Benelux

In 2022, after four years of growth, there was significant decline in overseas shipments of statuettes and other ornamental articles of plastic, when their volume decreased by -29.1% to X tons. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, plastic ornamental articles exports fell dramatically to $X in 2022. Total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 2021 with an increase of 46%. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

The Netherlands was the main exporting country with an export of around X tons, which finished at 86% of total exports. It was distantly followed by Belgium (X tons), creating a 13% share of total exports.

The Netherlands was also the fastest-growing in terms of the statuettes and other ornamental articles of plastic exports, with a CAGR of +1.7% from 2012 to 2022. Belgium (-7.4%) illustrated a downward trend over the same period. The Netherlands (+14 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -14.9% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest plastic ornamental articles supplier in Benelux, comprising 77% of total exports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total exports.

In the Netherlands, plastic ornamental articles exports expanded at an average annual rate of +2.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, dropping by -5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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 Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.4%).

Plastic Ornamental Articles Imports

Imports in Benelux

In 2022, the amount of statuettes and other ornamental articles of plastic imported in Benelux contracted remarkably to X tons, reducing by -33.6% against 2021. Over the period under review, imports saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plastic ornamental articles imports shrank to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +71.9% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The Netherlands was the main importing country with an import of about X tons, which accounted for 74% of total imports. It was distantly followed by Belgium (X tons), committing a 24% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic ornamental articles imports into the Netherlands stood at -6.0%. At the same time, Luxembourg (+10.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +10.4% from 2012-2022. By contrast, Belgium (-3.5%) illustrated a downward trend over the same period. Belgium (+4.2 p.p.) and Luxembourg (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -5.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported statuettes and other ornamental articles of plastic in Benelux, comprising 72% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports.

In the Netherlands, plastic ornamental articles imports expanded at an average annual rate of +4.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-0.0% per year) and Luxembourg (+10.0% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 40% against the previous year. Over the period under review, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 47% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($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 Netherlands (+10.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform