Eastern Europe: Plastic Supports Market 2024

Plastic Supports Market Size in Eastern Europe

The East European plastic supports market rose slightly to $X in 2022, increasing by 4.8% against the previous year. In general, consumption posted strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Plastic Supports Production in Eastern Europe

In value terms, plastic supports production reached $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Supports Exports

Exports in Eastern Europe

Plastic supports exports amounted to X tons in 2022, with an increase of 14% on 2021. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +40.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, plastic supports exports reached $X in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The shipments of the five major exporters of spools, cops, bobbins and similar supports of plastics, namely Poland, Hungary, the Czech Republic, Slovakia and Romania, represented more than two-thirds of total export. Lithuania (X tons) and Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +25.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 63% of total exports. The Czech Republic, Hungary, Lithuania and Moldova lagged somewhat behind, together accounting for a further 33%.

Moldova, with a CAGR of +52.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, shrinking by -9.4% against the previous year. In general, the export price showed a noticeable descent. The growth pace was the most rapid in 2018 an increase of 9.3% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Slovakia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+21.5%), while the other leaders experienced mixed trends in the export price figures.

Plastic Supports Imports

Imports in Eastern Europe

In 2022, purchases abroad of spools, cops, bobbins and similar supports of plastics increased by 1.2% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, plastic supports imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of plastic supports imports in 2022 were Poland (X tons), Romania (X tons), Slovakia (X tons), Hungary (X tons) and the Czech Republic (X tons), together amounting to 82% of total import. It was distantly followed by Russia (X tons), generating a 5.3% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 57% of total imports. Hungary, the Czech Republic, Russia and Bulgaria lagged somewhat behind, together comprising a further 33%.

Hungary, with a CAGR of +9.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, dropping by -2.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Russia ($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 Czech Republic (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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