United Kingdom: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in the UK

In 2022, after three years of growth, there was decline in the UK market for non-cellular plates, sheets, film, foil and strip of plastics, when its value decreased by -0.1% to $X. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in the UK

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics reduced slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 31%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from the UK

In 2022, the amount of non-cellular plates, sheets, film, foil and strip of plastics exported from the UK fell notably to X tons, declining by -15.1% against the year before. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics contracted slightly to $X in 2022. The total export value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

France (X tons), Ireland (X tons) and Spain (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from the UK, together accounting for 33% of total exports. The United States, the Netherlands, Germany, Sweden, Belgium, Vietnam, Italy, Denmark, China and Hong Kong SAR lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and China ($X) appeared to be the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from the UK worldwide, together accounting for 33% of total exports.

China, with a CAGR of +17.5%, recorded 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 export price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 China (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into the UK

After three years of growth, overseas purchases of non-cellular plates, sheets, film, foil and strip of plastics decreased by -16.7% to X tons in 2022. In general, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2013 when imports increased by 36%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics fell modestly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and India (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to the UK, together accounting for 39% of total imports. France, Turkey, Ireland, China, Poland, the Netherlands, Spain, Belgium, Switzerland and Lithuania lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +75.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) were the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to the UK, together accounting for 38% of total imports. Poland, India, Turkey, China, Switzerland, the Netherlands, Belgium, Ireland, Spain and Lithuania lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, Lithuania, with a CAGR of +82.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, surging by 19% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for non-cellular plates, sheets, film, foil and strip of plastics increased by +47.8% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 49%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Switzerland ($X per ton), while the price for Ireland ($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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform