Global Plastic Box Market 2024

Plastic Box Market Size

The global plastic box market stood at $X in 2022, increasing by 3.5% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the global market reached the peak level in 2022 and is likely to see steady growth in the near future.

Plastic Box Production

In value terms, plastic box production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.2%. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Box Exports

Exports

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were exported worldwide; with an increase of 5.4% against the previous year. The total export volume increased at an average annual rate of +3.2% 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 2021 with an increase of 24%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, plastic box exports totaled $X in 2022. The total export value increased at an average annual rate of +3.3% 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 exports increased by 22% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Mexico (X tons), distantly followed by China (X tons), the United States (X tons), Germany (X tons), the Netherlands (X tons), France (X tons) and Poland (X tons) were the largest exporters of plastic boxes, cases, crates and similar packing articles, together constituting 59% of total exports. Spain (X tons), South Korea (X tons), the UK (X tons), Taiwan (Chinese) (X tons), Canada (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic box exports from Mexico stood at +4.1%. At the same time, Spain (+9.2%), the Netherlands (+7.5%), Poland (+6.9%), the UK (+6.5%), Taiwan (Chinese) (+5.1%), South Korea (+4.8%), Germany (+4.6%) and France (+2.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.2% from 2012-2022. Canada, Belgium, the United States and China experienced a relatively flat trend pattern. While the share of the Netherlands (+1.7 p.p.) and Mexico (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-2.6 p.p.) and China (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic box supplying countries worldwide were China ($X), the United States ($X) and Germany ($X), with a combined 36% share of global exports. Mexico, France, the Netherlands, Poland, South Korea, the UK, Spain, Taiwan (Chinese), Canada and Belgium lagged somewhat behind, together accounting for a further 38%.

Spain, with a CAGR of +8.9%, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic box export price stood at $X per ton in 2022, declining by -4.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 5.8% against the previous year. The global export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the other global leaders experienced more modest paces of growth.

Plastic Box Imports

Imports

Global plastic box imports rose remarkably to X tons in 2022, with an increase of 6.6% against the year before. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 39%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic box imports stood at $X in 2022. The total import value increased at an average annual rate of +3.2% 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 24%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico represented the main importer of plastic boxes, cases, crates and similar packing articles in the world, with the volume of imports resulting at X tons, which was approx. 30% of total imports in 2022. The United States (X tons) took the second position in the ranking, followed by France (X tons) and Germany (X tons). All these countries together held approx. 18% share of total imports. The following importers - the Netherlands (X tons), South Korea (X tons), Canada (X tons), Spain (X tons), Poland (X tons), the UK (X tons), Belgium (X tons) and China (X tons) - together made up 21% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic box imports into Mexico stood at +3.8%. At the same time, Spain (+9.3%), Poland (+6.3%), Canada (+6.0%), France (+5.9%), the United States (+4.7%), South Korea (+4.3%), the UK (+2.7%), the Netherlands (+2.5%) and Belgium (+1.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +9.3% from 2012-2022. Germany and China experienced a relatively flat trend pattern. Germany (-1.7 p.p.) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Mexico ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 26% share of global imports. France, Canada, the Netherlands, South Korea, the UK, China, Belgium, Spain and Poland lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, Spain, with a CAGR of +6.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic box import price stood at $X per ton in 2022, which is down by -4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 10%. Global import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 China ($X per ton), while Mexico ($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 (+1.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :