Luxembourg: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Luxembourg

For the fifth year in a row, the Luxembourg market for plastic plates, sheets, film, foil and strip recorded growth in sales value, which increased by 66% to $X in 2021. Over the period under review, consumption continues to indicate significant growth. Consumption of peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Luxembourg

In 2021, overseas shipments of plastic plates, sheets, film, foil and strip increased by 0.4% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of 17%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastic plates, sheets, film, foil and strip stood at $X in 2021. Overall, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 16% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Luxembourg, with a 26% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.9% per year) and Belgium (+15.7% per year).

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from Luxembourg were France ($X), Belgium ($X) and Germany ($X), with a combined 48% share of total exports. Spain, the Czech Republic, the Netherlands, Austria, Poland, the United States, Slovakia, Thailand, Mexico and South Africa lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Mexico, with a CAGR of +191.2%, saw the highest growth rate of 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 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, growing by 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 12%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Thailand ($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 France (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Luxembourg

Imports of plastic plates, sheets, film, foil and strip into Luxembourg soared to X tons in 2021, picking up by 20% compared with 2020. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 30% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic plates, sheets, film, foil and strip soared to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest plastic plate, sheet, film, foil and strip supplier to Luxembourg, accounting for a 44% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.4% per year) and the UK (+34.3% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Luxembourg, comprising 35% of total imports. The second position in the ranking was held by Belgium ($X), with a 16% share of total imports. It was followed by the UK, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.8% per year) and the UK (+31.2% per year).

Import Prices by Country

The average import price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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