France: Plastic Closure Market 2024

Plastic Closure Market Size in France

The French plastic closure market reached $X in 2022, rising by 2.3% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Plastic closure consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plastic Closure Production in France

In value terms, plastic closure production rose to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Plastic closure production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Plastic Closure Exports

Exports from France

In 2022, the amount of plastic stoppers, caps and closures exported from France shrank to X tons, reducing by -5% compared with the year before. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic closure exports expanded to $X in 2022. The total export 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main destinations of plastic closure exports from France, together comprising 35% of total exports. Belgium, the UK, the Netherlands, Poland, Turkey, Hungary, the United States, Switzerland, Austria and Finland lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +25.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) constituted the largest markets for plastic closure exported from France worldwide, with a combined 39% share of total exports. Belgium, the United States, the UK, the Netherlands, Poland, Switzerland, Turkey, Hungary, Austria and Finland lagged somewhat behind, together comprising a further 38%.

Finland, with a CAGR of +20.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic closure export price amounted to $X per ton, picking up by 7% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic closure export price increased by +75.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 20% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into France

In 2022, supplies from abroad of plastic stoppers, caps and closures decreased by -6% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 34%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plastic closure imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of plastic closure imports to France, together accounting for 60% of total imports. Belgium, the Netherlands, China, Luxembourg and the UK lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic closure suppliers to France were Germany ($X), China ($X) and Italy ($X), together comprising 54% of total imports.

China, with a CAGR of +9.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2021 an increase of 35%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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