Luxembourg: Plastic Box Market 2024

Plastic Box Market Size in Luxembourg

For the third consecutive year, the Luxembourg plastic box market recorded growth in sales value, which increased by 52% to $X in 2022. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Plastic Box Production in Luxembourg

In value terms, plastic box production rose notably to $X in 2022 estimated in export price. Overall, production enjoyed a slight expansion. The growth pace was the most rapid in 2020 with an increase of 80% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Plastic Box Exports

Exports from Luxembourg

In 2022, shipments abroad of plastic boxes, cases, crates and similar packing articles decreased by -10.5% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +3.7% 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 2020 with an increase of 15%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, plastic box exports declined rapidly to $X in 2022. In general, exports, however, recorded moderate growth. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of plastic box exports from Luxembourg, together comprising 77% of total exports. Belgium, Spain, Poland, Austria and Italy lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +35.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for plastic box exported from Luxembourg worldwide, together comprising 64% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +30.7%, 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

In 2022, the average plastic box export price amounted to $X per ton, which is down by -14.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 45%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Belgium ($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 Italy (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Luxembourg

For the fourth consecutive year, Luxembourg recorded decline in overseas purchases of plastic boxes, cases, crates and similar packing articles, which decreased by -14.8% to X tons in 2022. Over the period under review, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 63%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, plastic box imports reduced to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value 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. The pace of growth appeared the most rapid in 2014 with an increase of 47%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of plastic box imports to Luxembourg, together accounting for 80% of total imports. Italy, Slovenia, the Netherlands and the UK lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic box suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 74% share of total imports. Italy, the Netherlands, Slovenia and the UK lagged somewhat behind, together accounting for a further 17%.

The UK, with a CAGR of +24.4%, saw 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

In 2022, the average plastic box import price amounted to $X per ton, with an increase of 6.1% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic box import price increased by +126.0% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 46%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :