EU: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in the EU

In 2023, after two years of growth, there was significant decline in the EU plastics in primary forms market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2022, and then fell in the following year.

Production of Plastics in Primary Forms in the EU

In value terms, plastics in primary forms production fell modestly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2022, and then declined slightly in the following year.

Exports of Plastics in Primary Forms

Exports in the EU

In 2023, shipments abroad of plastics in primary formses decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, plastics in primary forms exports contracted dramatically to $X in 2023. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) and Belgium (X tons) represented the largest exporters of plastics in primary formses in 2023, recording approx. X% and X% of total exports, respectively. It was distantly followed by the Netherlands (X tons), France (X tons), Italy (X tons) and Spain (X tons), together comprising a X% share of total exports. Poland (X tons), Hungary (X tons), the Czech Republic (X tons), Sweden (X tons), Austria (X tons) and Portugal (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. France, Italy, Spain, Sweden, Poland, the Czech Republic, Hungary, Austria and Portugal lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the export price in the European Union amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Imports of Plastics in Primary Forms

Imports in the EU

In 2023, supplies from abroad of plastics in primary formses decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, plastics in primary forms imports shrank markedly to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of plastics in primary forms imports in 2023 were Germany (X tons), Italy (X tons), Belgium (X tons), Poland (X tons), France (X tons), Spain (X tons) and the Netherlands (X tons), together reaching X% of total import. The Czech Republic (X tons), Portugal (X tons), Austria (X tons), Romania (X tons), Sweden (X tons) and Hungary (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics in primary forms importing markets in the European Union were Germany ($X), Italy ($X) and Belgium ($X), with a combined X% share of total imports. France, Poland, the Netherlands, Spain, the Czech Republic, Austria, Sweden, Romania, Portugal and Hungary lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Romania, with a CAGR of X%, recorded the highest growth rate of 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 2023, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Austria ($X per ton) and the Netherlands ($X per ton), while Portugal ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform