United Kingdom: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in the UK

In 2021, after four years of decline, there was significant growth in the UK market for polyethylene with a specific gravity of less than X, in primary forms, when its value increased by 15% to $X. In general, consumption, however, saw a abrupt curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in the UK

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from the UK

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -13.1% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, exports showed a perceptible decline. The growth pace was the most rapid in 2017 when exports increased by 15% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. Overall, exports saw a pronounced contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from the UK, together accounting for 87% of total exports. France, Lithuania, Germany, Italy and Poland lagged somewhat behind, together comprising a further 4.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Spain ($X) appeared to be the largest markets for polyethylene with a specific gravity of less than X exported from the UK worldwide, together accounting for 84% of total exports. These countries were followed by Lithuania, Germany, France, Italy and Poland, which together accounted for a further 5.4%.

Lithuania, with a CAGR of +27.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, growing by 50% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into the UK

In 2021, imports of polyethylene with a specific gravity of less than X, in primary forms into the UK declined slightly to X tons, standing approx. at the previous year. Over the period under review, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2017 when imports increased by 7.6%. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. In general, imports recorded a pronounced descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to the UK, together accounting for 61% of total imports. France, Turkey, Spain, Austria, Israel, the United States, Italy, Kuwait, South Korea and Egypt lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +84.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to the UK were Belgium ($X), the Netherlands ($X) and Germany ($X), together accounting for 61% of total imports. These countries were followed by France, Turkey, Israel, the United States, Italy, Spain, South Korea, Kuwait, Egypt and Austria, which together accounted for a further 31%.

Egypt, with a CAGR of +82.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, rising by 46% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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