United Kingdom: 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 the UK

The UK market for self-adhesive plastic tape in rolls of a width under 20cm surged to $X in 2022, jumping by 24% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained 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 the UK

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm dropped significantly to $X in 2022 estimated in export price. In general, production showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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

Exports from the UK

Exports of self-adhesive plastic tape in rolls of a width under 20cm from the UK reduced to X tons in 2022, dropping by -7.6% on the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 16% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm shrank to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from the UK, together comprising 39% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Germany ($X) were the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from the UK worldwide, with a combined 37% share of total exports. The Netherlands, Poland, Ireland, Italy, China, Belgium, Spain, the United Arab Emirates, Finland and Turkey lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, the Netherlands, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of exports, 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 self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, rising by 2.5% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +80.2% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($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 Poland (+10.0%), 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 the UK

In 2022, after two years of decline, there was significant growth in overseas purchases of self-adhesive plastic tape in rolls of a width under 20cm, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +2.9% 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 2013 with an increase of 60% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (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 the UK, with a combined 64% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +32.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Italy ($X) were the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to the UK, together accounting for 54% of total imports.

Among the main suppliers, Belgium, with a CAGR of +26.4%, recorded 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

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, jumping by 16% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 self-adhesive plastic tape in rolls of a width under 20cm increased by +41.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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