EU: Plastic Bottle Market 2024

Plastic Bottle Market Size in the EU

The EU plastic bottle market skyrocketed to $X in 2022, growing by 29% against the previous year. Over the period under review, consumption continues to indicate a temperate expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Bottle Production in the EU

In value terms, plastic bottle production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a mild decline. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Bottle Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in overseas shipments of carboys, bottles and similar articles of plastics, which increased by 213% to X tons in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle exports surged to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons), distantly followed by Germany (X tons), France (X tons), Spain (X tons), Poland (X tons), Austria (X tons) and Italy (X tons) represented the largest exporters of carboys, bottles and similar articles of plastics, together committing 86% of total exports. Sweden (X tons) took a minor share of total exports.

From 2020 to 2022, the biggest increases were recorded for France (with a CAGR of +13.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Poland ($X) were the countries with the highest levels of exports in 2022, together comprising 51% of total exports. Austria, Belgium, Italy, Spain and Sweden lagged somewhat behind, together comprising a further 40%.

Spain, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in the European Union amounted to $X per ton, which is down by -8.6% against the previous year. In general, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 5.9%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), while the other leaders experienced more modest paces of growth.

Plastic Bottle Imports

Imports in the EU

Plastic bottle imports rose remarkably to X tons in 2022, increasing by 7.6% on the previous year. The total import volume increased at an average annual rate of +3.6% from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle imports amounted to $X in 2022. The total import value increased at an average annual rate of +12.3% from 2020 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of carboys, bottles and similar articles of plastics, namely Germany, Belgium and France, represented more than half of total import. Italy (X tons) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Spain (7.4%) and Poland (5.2%). Ireland (X tons), Denmark (X tons), Austria (X tons), Sweden (X tons), Hungary (X tons) and Slovakia (X tons) held a relatively small share of total imports.

From 2020 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bottle importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined 53% share of total imports. Belgium, Spain, Poland, Denmark, Sweden, Ireland, Austria, Hungary and Slovakia lagged somewhat behind, together accounting for a further 42%.

Hungary, with a CAGR of +22.6%, saw 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 the European Union amounted to $X per ton, picking up by 5.9% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +8.3%. The most prominent rate of growth was recorded in 2021 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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