Europe: Plastic Supports Market 2024

Plastic Supports Market Size in Europe

For the seventh year in a row, the Europe plastic supports market recorded growth in sales value, which increased by 5.3% to $X in 2022. In general, consumption continues to indicate prominent growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Plastic Supports Production in Europe

In value terms, plastic supports production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Supports Exports

Exports in Europe

In 2022, overseas shipments of spools, cops, bobbins and similar supports of plastics increased by 2.3% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic supports exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

Italy (X tons) and Germany (X tons) represented roughly 32% of total exports in 2022. Sweden (X tons) ranks next in terms of the total exports with an 8.7% share, followed by France (7%), Spain (5.3%), Poland (5.2%) and Hungary (4.6%). The following exporters - Portugal (X tons), the Czech Republic (X tons), Slovakia (X tons), the UK (X tons), Romania (X tons) and Switzerland (X tons) - together made up 22% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +13.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, with a combined 48% share of total exports. Spain, Poland, Sweden, Slovakia, Portugal, Romania, the Czech Republic, Hungary, the UK and Switzerland lagged somewhat behind, together accounting for a further 38%.

Among the main exporting countries, the Czech Republic, with a CAGR of +9.4%, saw 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 Europe stood at $X per ton in 2022, dropping by -4.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 10% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.5%), while the other leaders experienced more modest paces of growth.

Plastic Supports Imports

Imports in Europe

In 2022, overseas purchases of spools, cops, bobbins and similar supports of plastics increased by 7.9% 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 +4.3% 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 2013 when imports increased by 18% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, plastic supports imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.5% 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 when imports increased by 22% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), Ireland (X tons), France (X tons), Spain (X tons), Italy (X tons), Poland (X tons) and Portugal (X tons) were the key importers of spools, cops, bobbins and similar supports of plastics, together committing 63% of total imports. Romania (X tons), Slovakia (X tons), Belgium (X tons), Hungary (X tons) and the UK (X tons) took a minor share 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 Ireland (with a CAGR of +54.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported spools, cops, bobbins and similar supports of plastics in Europe, comprising 20% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.6% share of total imports. It was followed by France, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +1.9%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (-3.1% per year) and France (+5.0% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, falling by -2.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Ireland ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform