Slovenia: Plastic Closure Market 2024

Plastic Closure Market Size in Slovenia

The Slovene plastic closure market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -35.2% against 2015 indices. Plastic closure consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Plastic Closure Production in Slovenia

In value terms, plastic closure production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% 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 2013 with an increase of 62%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Plastic Closure Exports

Exports from Slovenia

After ten years of growth, shipments abroad of plastic stoppers, caps and closures decreased by -3.4% to X tons in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.4% against 2012 indices. The pace of growth was the most pronounced in 2017 when exports increased by 15% against the previous year. The exports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, plastic closure exports shrank to $X in 2022. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2021 when exports increased by 31%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Slovakia (X tons), the UK (X tons) and Poland (X tons) were the main destinations of plastic closure exports from Slovenia, with a combined 43% share of total exports. Germany, the Netherlands, Croatia, Italy, the Czech Republic, Austria, Serbia, Brazil and Turkey lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +66.0%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the UK ($X) and Poland ($X) appeared to be the largest markets for plastic closure exported from Slovenia worldwide, with a combined 41% share of total exports. Germany, the Netherlands, Italy, Austria, Croatia, the Czech Republic, Brazil, Turkey and Serbia lagged somewhat behind, together comprising a further 41%.

Brazil, with a CAGR of +60.3%, recorded the highest growth rate of 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

The average plastic closure export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 an increase of 19%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Serbia ($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 Austria (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Slovenia

Plastic closure imports into Slovenia shrank slightly to X tons in 2022, waning by -2% compared with the year before. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +3.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic closure imports totaled $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +24.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Hungary (X tons) and Italy (X tons) were the main suppliers of plastic closure imports to Slovenia, together comprising 56% of total imports. Austria, Serbia, the United States, Poland, Slovakia, France, Denmark and Turkey lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic stoppers, caps and closures to Slovenia, comprising 25% of total imports. The second position in the ranking was held by Hungary ($X), with a 12% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+6.7% per year) and Italy (+8.3% per year).

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, growing by 3.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 16%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Denmark ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform