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Belgium - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Belgium - 2023
Contents:
- Plastic Closure Price in Belgium (CIF) - 2023
- Plastic Closure Price in Belgium (FOB) - 2023
- Plastic Closure Imports in Belgium
- Plastic Closure Exports in Belgium
Plastic Closure Price in Belgium (CIF) - 2023
The average plastic closure import price stood at $4,150 per ton in July 2023, waning by -14.6% against the previous month. Over the period under review, the import price showed a slight reduction. The growth pace was the most rapid in October 2022 when the average import price increased by 57% m-o-m. The import price peaked at $6,438 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($12,179 per ton), while the price for Italy ($2,283 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in Belgium (FOB) - 2023
The average plastic closure export price stood at $8,596 per ton in July 2023, reducing by -5.9% against the previous month. In general, export price indicated slight growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, plastic closure export price increased by +181.7% against March 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 160% m-o-m. Over the period under review, the average export prices hit record highs at $9,138 per ton in June 2023, and then dropped in the following month.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($17,006 per ton), while the average price for exports to Germany ($5,368 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in Belgium
In 2022, the amount of plastic stoppers, caps and closures imported into Belgium reduced to 55K tons, which is down by -11.2% on the year before. In general, imports saw a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, imports attained the peak of 62K tons, and then reduced in the following year.
In value terms, plastic closure imports fell to $240M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 14%.
Import of Plastic Closure in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 56.4 | 67.3 | 72.3 | 70.4 | 7.7% |
Germany | 60.1 | 66.2 | 71.3 | 57.6 | -1.4% |
Netherlands | 25.7 | 28.5 | 38.0 | 27.1 | 1.8% |
Spain | 7.2 | 7.3 | 11.1 | 15.3 | 28.6% |
Luxembourg | 10.2 | 14.0 | 15.0 | 13.2 | 9.0% |
Italy | 12.4 | 16.0 | 13.8 | 11.4 | -2.8% |
United States | 7.2 | 6.9 | 7.7 | 9.5 | 9.7% |
Poland | 5.2 | 4.4 | 5.3 | 5.5 | 1.9% |
United Kingdom | 6.4 | 6.4 | 4.6 | 3.8 | -16.0% |
Others | 21.9 | 25.0 | 31.5 | 26.4 | 6.4% |
Total | 213 | 242 | 271 | 240 | 4.1% |
Top Suppliers of Plastic Closure to Belgium in 2022:
- Germany (15.5K tons)
- Netherlands (11.9K tons)
- France (10.7K tons)
- Spain (3.9K tons)
- Luxembourg (3.3K tons)
- Italy (2.6K tons)
- Poland (1.6K tons)
- United States (0.8K tons)
- United Kingdom (0.5K tons)
Plastic Closure Exports in Belgium
In 2022, overseas shipments of plastic stoppers, caps and closures decreased by -13.9% to 32K tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 34%. As a result, the exports reached the peak of 42K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, plastic closure exports reduced to $213M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 14%.
Export of Plastic Closure in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 57.4 | 67.6 | 61.9 | 58.3 | 0.5% |
Netherlands | 30.2 | 38.6 | 44.3 | 44.0 | 13.4% |
Italy | 28.6 | 33.7 | 30.0 | 22.0 | -8.4% |
Germany | 27.5 | 30.5 | 33.4 | 21.6 | -7.7% |
Spain | 11.6 | 13.1 | 15.0 | 11.5 | -0.3% |
Poland | 6.6 | 7.8 | 11.0 | 11.3 | 19.6% |
United Kingdom | 7.7 | 7.9 | 8.5 | 6.4 | -6.0% |
Others | 33.3 | 32.2 | 39.0 | 37.8 | 4.3% |
Total | 203 | 232 | 243 | 213 | 1.6% |
Top Export Markets for Plastic Closure from Belgium in 2022:
- Netherlands (9.1K tons)
- France (7.8K tons)
- Germany (4.3K tons)
- Italy (2.7K tons)
- Spain (1.4K tons)
- Poland (1.1K tons)
- United Kingdom (0.7K tons)
This report provides an in-depth analysis of the plastic closure market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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