EU: Plaster Market 2024

Plaster Market Size in the EU

The EU plaster market expanded to $X in 2022, picking up by 3.5% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Plaster Production in the EU

In value terms, plaster production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 22%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plaster Exports

Exports in the EU

In 2022, the amount of plaster exported in the European Union reduced to X tons, shrinking by -11.5% against the previous year's figure. Over the period under review, exports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 17%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plaster exports fell to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 12%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Germany represented the largest exporting country with an export of around X tons, which finished at 48% of total exports. France (X tons) ranks second in terms of the total exports with a 20% share, followed by Spain (14%). Poland (X tons), Austria (X tons), Latvia (X tons), Hungary (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of -4.2% from 2012 to 2022. At the same time, Hungary (+32.6%), the Czech Republic (+21.8%), Spain (+5.2%) and France (+1.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +32.6% from 2012-2022. Poland and Latvia experienced a relatively flat trend pattern. By contrast, Austria (-5.0%) illustrated a downward trend over the same period. While the share of Spain (+6.9 p.p.), France (+5.6 p.p.), Hungary (+1.9 p.p.) and the Czech Republic (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-13.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plaster supplying countries in the European Union were Germany ($X), France ($X) and Spain ($X), with a combined 73% share of total exports. Poland, Latvia, the Czech Republic, Austria and Hungary lagged somewhat behind, together comprising a further 13%.

The Czech Republic, with a CAGR of +15.6%, recorded the highest growth rate of 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

The export price in the European Union stood at $X per ton in 2022, rising by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 19%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Latvia ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the other leaders experienced more modest paces of growth.

Plaster Imports

Imports in the EU

In 2022, supplies from abroad of plaster increased by 6.3% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 8.2%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plaster imports reduced modestly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 9.8%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Belgium (X tons) and Portugal (X tons) represented the main importers of plaster in 2022, resulting at near 29% and 20% of total imports, respectively. Germany (X tons) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (6.3%), France (4.8%) and Hungary (4.7%). The following importers - Poland (X tons), Austria (X tons), the Czech Republic (X tons), Romania (X tons), Lithuania (X tons), Slovakia (X tons) and Luxembourg (X tons) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Portugal ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, with a combined 41% share of total imports. France, Germany, Poland, Lithuania, Hungary, Luxembourg, Austria, Romania, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 42%.

Hungary, with a CAGR of +7.6%, saw the highest growth rate of the value of imports, in terms of 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, reducing by -6.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 12% 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Portugal ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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