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World - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Mar 26, 2021

The Polyethylene Market to Grow Rapidly Despite the Shutdown of the U.S. Plants

IndexBox has just published a new report: 'World - Polyethylene In Primary Forms - Market Analysis, Forecast, Size, Trends, and Insights.' Here is a summary of the report's key findings.

Global polyethylene production is set to grow rapidly due to the launch of new capacities in Asia. The construction of new plants for the processing of recycled polyethylene becomes urgent. The shutdowns of the U.S. plants affected by the storm and increased freight rates led to higher polyethylene costs on the stock exchanges.

Key Trends and Insights

High demand for packaging and containers was supporting the polyethylene market during the pandemic. In China, the world's largest polyethylene consumer, the demand was growing steadily throughout 2020.

Recently, U.S polyethylene manufacturing has suffered not only from lockdown consequences but also from force majeure circumstances. In February 2021, LyondellBasell, ExxonMobil, Ineos Olefins and Polymers, and Formosa Plastics halted their polyethylene production lines affected by severe storms in Texas. The total capacity of the shutdown Texas facilities was about 19 million tons. The current high congestion of the U.S. seaports has led to delivery times violation.

Stable oil prices after the shocks of 2020 create preconditions for the polyethylene prices equilibrium. However, the rise in freight rates leads to higher prices for polyethylene. The cost of container transportation at the beginning of 2021 increased by 1.5 times compared to those of 2020. It was caused by a shortage of containers and ships, as in 2020, the transportation of consumer goods from China to the U.S. increased significantly.

The global polyethylene market expansion should occur mainly due to the new capacities in Asia, most of which are to be located in China. The expected increase in China's domestic production exceeds 700 thousand tons in 2021.

As the polyethylene market keeps on growing, more and more plastic waste needs to be recycled. Building new plastic recycling plants becomes an urgent need to follow the course of the European Green Deal.

China to Expand the Domestic Production to Meet the Growing Demand While Saudi Arabia to Focus on Export

With 33M tons, China remains the largest polyethylene-consuming country worldwide, accounting for 37% of total volume. Moreover, polyethylene consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (7.5M tons), fourfold. India (6.6M tons) ranked third in total consumption, with a 7.4% share (IndexBox estimates).

From 2012 to 2019, the average annual rate of growth in China amounted to +9.2%. In other countries, the average annual rates were as follows: the U.S. (+2.2% per year) and India (+3.5% per year).

In value terms, China ($69.9B) led the market alone. The second position in the ranking was occupied by the U.S. ($9.9B). It was followed by India.

In 2019, the amount of polyethylene in primary forms exported worldwide reached 49M tons, with an increase of 5.2% against 2018. The total export volume increased at an average annual rate of +3.1% from 2012 to 2019. In value terms, polyethylene exports fell to $55B (IndexBox estimates) in 2019.

In 2019, Saudi Arabia (9.2M tons), distantly followed by the U.S. (5.7M tons), Singapore (2.8M tons), Belgium (2.8M tons), Iran (2.6M tons), and the United Arab Emirates (2.3M tons) were the major exporters of polyethylene in primary forms, together committing 52% of total exports. South Korea (2.1M tons), Thailand (2M tons), Germany (1.9M tons), Qatar (1.7M tons), Canada (1.7M tons), Malaysia (1.4M tons), and the Netherlands (1.4M tons) followed a long way behind the leaders (IndexBox estimates).

From 2012 to 2019, the most notable rate of growth in terms of shipments amongst the key exporting countries was attained by Malaysia, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($9.3B), the U.S. ($7B), and Belgium ($3.6B) appeared to be the countries with the highest levels of exports in 2019, together accounting for 36% of global exports. These countries were followed by Singapore, Germany, Iran, the United Arab Emirates, South Korea, Thailand, Canada, Qatar, the Netherlands, and Malaysia, which together accounted for a further 40%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for polyethylene in primary forms. 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 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
  • Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
  • Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

LyondellBasell Industries N.V., ExxonMobil Chemical, China National Petroleum Corporation, INEOS, China Petroleum & Chemical Corporation, SABIC, Ducor Petrochemicals, Reliance Industries Limited, Formosa Plastic Group, Total S.A., Braskem, BASF SE, Repsol, Borouge, Borealis AG, MOL Group, Beaulieu International Group, Sibur, Indian Oil Corp Ltd, Oil and Natural Gas Corp Ltd, Hindustan Petroleum Corp Ltd, Haldia Petrochemicals Ltd

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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