Luxembourg: Plastic Container Market 2024

Plastic Container Market Size in Luxembourg

The Luxembourg plastic container market shrank to $X in 2021, reducing by -13.3% against the previous year. Overall, consumption saw a slight downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Plastic Container Production in Luxembourg

In value terms, plastic container production fell slightly to $X in 2021 estimated in export price. Overall, production saw a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Plastic Container Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded growth in shipments abroad of plastic containers, which increased by 119% to X tons in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 969% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic container exports skyrocketed to $X in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 703% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for plastic container exports from Luxembourg, accounting for a 51% share of total exports. Moreover, plastic container exports to France exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+42.3% per year) and Belgium (+8.8% per year).

In value terms, France ($X) emerged as the key foreign market for plastic containers exports from Luxembourg, comprising 65% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by Italy, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+29.5% per year) and Italy (+48.0% per year).

Export Prices by Country

In 2021, the average plastic container export price amounted to $X per ton, rising by 8.9% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 503%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Container Imports

Imports into Luxembourg

Plastic container imports into Luxembourg surged to X tons in 2021, picking up by 16% compared with the previous year's figure. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2019 when imports increased by 174%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, plastic container imports surged to $X in 2021. In general, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of plastic container imports to Luxembourg, together comprising 81% of total imports. Germany, Spain, Austria and Italy lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +195.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the Netherlands ($X) were the largest plastic container suppliers to Luxembourg, with a combined 76% share of total imports. Germany, Spain, Austria and Italy lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Austria, with a CAGR of +126.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic container import price stood at $X per ton in 2021, picking up by 43% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 776% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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