Switzerland: Plastic Closure Market 2024

Plastic Closure Market Size in Switzerland

The Swiss plastic closure market declined to $X in 2022, shrinking by -7.1% against the previous year. Over the period under review, consumption, however, showed a strong increase. Plastic closure consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plastic Closure Production in Switzerland

In value terms, plastic closure production shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 45% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Closure Exports

Exports from Switzerland

In 2022, overseas shipments of plastic stoppers, caps and closures increased by 2.8% to X tons, rising for the third consecutive year after three years of decline. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when exports increased by 26%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic closure exports rose slightly to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 23% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of plastic closure exports from Switzerland, together accounting for 52% of total exports. Belgium, the United States, the Netherlands, South Africa, Poland, Austria, Spain, China, Hungary and Turkey lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +65.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for plastic stoppers, caps and closures exports from Switzerland, comprising 30% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.2% per year) and Italy (+4.6% per year).

Export Prices by Country

The average plastic closure export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, recorded a slight decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 9.9% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 the United States ($X per ton), while the average price for exports to Belgium ($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 the United States (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Switzerland

In 2022, imports of plastic stoppers, caps and closures into Switzerland reached X tons, remaining constant against 2021 figures. Over the period under review, imports saw a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 172%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic closure imports rose to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest plastic closure supplier to Switzerland, accounting for a 48% share of total imports. Moreover, plastic closure imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. France (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.4% per year) and France (-0.9% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic stoppers, caps and closures to Switzerland, comprising 39% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.7% per year) and Italy (+2.9% per year).

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, with an increase of 3% against the previous year. In general, the import price posted a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of 109% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 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 United States ($X per ton), while the price for Austria ($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 UK (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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