Luxembourg: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Luxembourg

In 2022, the Luxembourg market for self-adhesive plastic tape in rolls of a width under 20cm was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Luxembourg

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm reached $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 45% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Luxembourg

In 2022, exports of self-adhesive plastic tape in rolls of a width under 20cm from Luxembourg shrank to X tons, which is down by -11.9% compared with the year before. Over the period under review, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by 116% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm declined to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 90% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then shrank slightly in the following year.

Exports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Luxembourg, with a combined 58% share of total exports. Italy, the Netherlands, Poland, Switzerland, Spain, the Czech Republic, Sweden and the UK lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +68.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Luxembourg were France ($X), Germany ($X) and Belgium ($X), together accounting for 49% of total exports. Italy, Poland, the Netherlands, Spain, Switzerland, the Czech Republic, the UK and Sweden lagged somewhat behind, together comprising a further 36%.

Switzerland, with a CAGR of +42.3%, saw the highest rates of growth with regard to the value of exports, among 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 export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, with an increase of 12% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for self-adhesive plastic tape in rolls of a width under 20cm increased by +17.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 75% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Luxembourg

In 2022, overseas purchases of self-adhesive plastic tape in rolls of a width under 20cm increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 65%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm stood at $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to Luxembourg, together accounting for 83% of total imports. France, the United States, China and the Netherlands lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Luxembourg, comprising 43% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Belgium, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.3% per year) and Belgium (-1.0% per year).

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, reducing by -8.2% against the previous year. Overall, the import price showed a mild descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($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 United States (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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