Europe: Bumper Market 2024

Bumper Market Size in Europe

In 2022, the Europe bumper market increased by 2.4% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption saw tangible growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Bumper Production in Europe

In value terms, bumper production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 10%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Bumper Exports

Exports in Europe

In 2022, the amount of bumpers exported in Europe rose remarkably to X tons, increasing by 7.7% compared with the previous year. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 13%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bumper exports stood at $X in 2022. The total export value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Spain (X tons) represented roughly 48% of total exports in 2022. Poland (X tons) held an 8% share (based on physical terms) of total exports, which put it in second place, followed by France (6.2%), Italy (5.9%), Sweden (5.7%) and the UK (5%). The following exporters - Norway (X tons), Belgium (X tons), the Netherlands (X tons), Hungary (X tons) and Slovakia (X tons) - together made up 16% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of +15.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest bumper supplier in Europe, comprising 36% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 10% share of total exports. It was followed by France, with an 8.1% share.

In Germany, bumper exports expanded at an average annual rate of +4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (+15.2% per year) and France (+3.7% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, shrinking by -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.7%), while the other leaders experienced more modest paces of growth.

Bumper Imports

Imports in Europe

In 2022, supplies from abroad of bumpers increased by 16% 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 +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 19%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, bumper imports totaled $X in 2022. Total imports indicated a remarkable 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, imports increased by +18.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons) and Slovakia (X tons) represented the major importers of bumpers in 2022, amounting to near 22% and 16% of total imports, respectively. The UK (X tons) held the next position in the ranking, followed by France (X tons), the Netherlands (X tons), Spain (X tons) and Russia (X tons). All these countries together took near 31% share of total imports. The Czech Republic (X tons), Hungary (X tons), Belgium (X tons), Sweden (X tons), Poland (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported bumpers in Europe, comprising 20% of total imports. The second position in the ranking was taken by Slovakia ($X), with an 8.6% share of total imports. It was followed by the UK, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +5.9%. The remaining importing countries recorded the following average annual rates of imports growth: Slovakia (+11.7% per year) and the UK (+3.2% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, shrinking by -12.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the import price increased by 7.1% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform