EU: Plastic Support Market 2024

Plastic Support Market Size in the EU

The EU plastic support market rose remarkably to $X in 2022, growing by 9.3% against the previous year. In general, consumption, however, recorded a deep setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plastic Support Production in the EU

In value terms, plastic support production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Plastic Support Exports

Exports in the EU

In 2022, after two years of growth, there was decline in shipments abroad of spools, cops and similar supports of plastics, when their volume decreased by -3.6% to X tons. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 11%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic support exports shrank to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), France (X tons), Spain (X tons), Poland (X tons), Hungary (X tons) and the Netherlands (X tons) represented the major exporters of spools, cops and similar supports of plastics, together generating 74% of total exports. The following exporters - Belgium (X tons), Austria (X tons), the Czech Republic (X tons), Sweden (X tons), Slovenia (X tons) and Lithuania (X tons) - together made up 18% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lithuania (with a CAGR of +15.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 53% share of total exports. Spain, Poland, the Netherlands, Belgium, Hungary, Austria, the Czech Republic, Sweden, Slovenia and Lithuania lagged somewhat behind, together accounting for a further 40%.

Among the main exporting countries, Lithuania, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by 1.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Lithuania ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Plastic Support Imports

Imports in the EU

In 2022, overseas purchases of spools, cops and similar supports of plastics increased by 6.1% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 11%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic support imports reached $X in 2022. The total import value increased at an average annual rate of +3.9% 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 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The purchases of the five major importers of spools, cops and similar supports of plastics, namely Spain, Germany, the Netherlands, France and Italy, represented more than half of total import. Poland (X tons) held a 5.9% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.7%). Sweden (X tons), Ireland (X tons), Austria (X tons), Hungary (X tons), the Czech Republic (X tons) and Romania (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 43% of total imports. Spain, the Netherlands, Poland, Belgium, Austria, the Czech Republic, Sweden, Hungary, Romania and Ireland lagged somewhat behind, together accounting for a further 45%.

Spain, with a CAGR of +7.5%, 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, declining by -4.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 11%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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