Slovakia: Plastic Box Market 2024

Plastic Box Market Size in Slovakia

After four years of growth, the Slovak plastic box market decreased by -18.9% to $X in 2022. Overall, consumption, however, enjoyed notable growth. Over the period under review, the market hit record highs at $X in 2021, and then dropped significantly in the following year.

Plastic Box Production in Slovakia

In value terms, plastic box production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Plastic Box Exports

Exports from Slovakia

In 2022, shipments abroad of plastic boxes, cases, crates and similar packing articles increased by 13% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plastic box exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The UK (X tons) was the main destination for plastic box exports from Slovakia, accounting for a 21% share of total exports. Moreover, plastic box exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.3% per year) and Hungary (+16.1% per year).

In value terms, the largest markets for plastic box exported from Slovakia were Poland ($X), the UK ($X) and Italy ($X), with a combined 44% share of total exports. Germany, France, Hungary, Austria, Turkey, the Netherlands, the Czech Republic, Serbia, Egypt and Bulgaria lagged somewhat behind, together accounting for a further 40%.

Egypt, with a CAGR of +15.3%, saw the highest growth rate of the value of exports, in terms of 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

The average plastic box export price stood at $X per ton in 2022, with a decrease of -11.9% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Egypt ($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 Poland (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Slovakia

In 2022, purchases abroad of plastic boxes, cases, crates and similar packing articles increased by 6.3% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +29.3% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 31%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic box imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +1.7% 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 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of plastic box to Slovakia, accounting for a 29% share of total imports. Moreover, plastic box imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-0.3% per year) and Poland (+3.9% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic boxes, cases, crates and similar packing articles to Slovakia, comprising 33% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-1.1% per year) and Poland (+7.8% per year).

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, reducing by -8.2% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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