Europe: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Europe

After two years of growth, the Europe plastics in primary forms market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Production of Plastics in Primary Forms in Europe

In value terms, plastics in primary forms production stood at $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Plastics in Primary Forms

Exports in Europe

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. Over the period under review, exports recorded a slight decrease. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked 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 reduced rapidly to $X in 2023. Overall, exports recorded 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, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) and Belgium (X tons) represented roughly X% of total exports in 2023. The Netherlands (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%), Italy (X%) and Spain (X%). The following exporters - Russia (X tons), Poland (X tons), Hungary (X tons), the Czech Republic (X tons), Sweden (X tons), the UK (X tons) and Austria (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Russia (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) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. France, Italy, Spain, Russia, the UK, Sweden, Poland, the Czech Republic, Hungary and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Russia, with a CAGR of X%, 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 export price in Europe stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then dropped 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 the UK ($X per ton), while Russia ($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 Europe

In 2023, supplies from 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. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, plastics in primary forms imports reduced notably to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons), Belgium (X tons), Poland (X tons), France (X tons), Spain (X tons), the Netherlands (X tons), the UK (X tons), Russia (X tons), the Czech Republic (X tons), Portugal (X tons) and Austria (X tons) represented roughly X% of total imports in 2023. Romania (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key 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 Europe were Germany ($X), Italy ($X) and Belgium ($X), with a combined X% share of total imports. France, Poland, the Netherlands, Spain, the UK, Russia, the Czech Republic, Austria, Romania and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, 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 2023, the import price in Europe amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced 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 Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform