Eastern Europe: Plastic Closure Market 2024

Plastic Closure Market Size in Eastern Europe

After three years of decline, the East European plastic closure market increased by X% to $X in 2023. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Plastic Closure Production in Eastern Europe

In value terms, plastic closure production expanded remarkably to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Plastic Closure Exports

Exports in Eastern Europe

In 2023, approx. X tons of plastic stoppers, caps and closures were exported in Eastern Europe; standing approx. at 2022. Total exports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, plastic closure exports rose notably to $X in 2023. Total exports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X tons) and Hungary (X tons) represented roughly X% of total exports in 2023. Russia (X tons) ranks next in terms of the total exports with a X% share, followed by the Czech Republic (X%), Belarus (X%) and Lithuania (X%). Moldova (X tons) followed a long way behind the leaders.

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

In value terms, the largest plastic closure supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and the Czech Republic ($X), together accounting for X% of total exports. Belarus, Lithuania, Russia and Moldova lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, recorded 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 Eastern Europe stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Plastic Closure Imports

Imports in Eastern Europe

In 2023, approx. X tons of plastic stoppers, caps and closures were imported in Eastern Europe; rising by X% compared with 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, plastic closure imports surged to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Poland represented the largest importer of plastic stoppers, caps and closures in Eastern Europe, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Russia (X tons) took the second position in the ranking, followed by Hungary (X tons), the Czech Republic (X tons), Romania (X tons) and Slovakia (X tons). All these countries together held approx. X% share of total imports. Ukraine (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastic closure imports into Poland stood at X%. At the same time, Hungary (X%), Slovakia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. The Czech Republic experienced a relatively flat trend pattern. By contrast, Russia (X%) and Ukraine (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Ukraine and Russia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported plastic stoppers, caps and closures in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

In Poland, plastic closure imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Russia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform