EU: Plastic Headgear Market 2024

Plastic Headgear Market Size in the EU

The EU plastic headgear market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Headgear Production in the EU

In value terms, plastic headgear production amounted to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The level of production peaked in 2022 and is likely to continue growth in years to come.

Plastic Headgear Exports

Exports in the EU

In 2022, overseas shipments of headgear of rubber or plastic increased by 90% to X units, rising for the second year in a row after three years of decline. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 115%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic headgear exports rose sharply to $X in 2022. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Greece represented the key exporting country with an export of about X units, which finished at 47% of total exports. Spain (X units) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by France (7.4%), the Netherlands (5%) and Germany (4.8%). The following exporters - Italy (X units) and Belgium (X units) - together made up 6.1% of total exports.

Greece was also the fastest-growing in terms of the headgear of rubber or plastic exports, with a CAGR of +92.7% from 2012 to 2022. At the same time, Spain (+11.4%), the Netherlands (+7.6%), France (+5.6%) and Italy (+4.8%) displayed positive paces of growth. By contrast, Germany (-2.6%) and Belgium (-6.3%) illustrated a downward trend over the same period. While the share of Greece (+47 p.p.) and Spain (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (-2.6 p.p.), France (-3.7 p.p.), Belgium (-7.2 p.p.) and Germany (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic headgear supplying countries in the European Union were France ($X), Greece ($X) and Spain ($X), with a combined 51% share of total exports.

Greece, with a CAGR of +58.3%, recorded the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per unit, falling by -43.4% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the export price increased by 62%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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 France ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.9%), while the other leaders experienced more modest paces of growth.

Plastic Headgear Imports

Imports in the EU

In 2022, overseas purchases of headgear of rubber or plastic increased by 81% to X units, rising for the second year in a row after two years of decline. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +81.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic headgear imports soared to $X in 2022. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Greece was the largest importer of headgear of rubber or plastic in the European Union, with the volume of imports finishing at X units, which was approx. 36% of total imports in 2022. Spain (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by France (10%), Italy (9.9%), Germany (6.8%) and the Netherlands (4.6%). Poland (X units) took a relatively small share of total imports.

Greece was also the fastest-growing in terms of the headgear of rubber or plastic imports, with a CAGR of +53.2% from 2012 to 2022. At the same time, the Netherlands (+4.4%), Poland (+2.3%), Spain (+2.1%), France (+1.5%) and Italy (+1.1%) displayed positive paces of growth. By contrast, Germany (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Greece increased by +35 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Spain ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, together comprising 46% of total imports. These countries were followed by Greece, Germany, Poland and the Netherlands, which together accounted for a further 32%.

Greece, with a CAGR of +39.2%, recorded 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

The import price in the European Union stood at $X per unit in 2022, shrinking by -27.1% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic headgear import price decreased by -29.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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 France ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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