United Kingdom: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in the UK

The UK market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was estimated at less than $X in 2022, flattening at the previous year. Over the period under review, consumption, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in the UK

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from the UK

In 2013, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported from the UK; remaining constant against 2012 figures. Over the period under review, exports continue to indicate a mild contraction. Over the period under review, the exports of hit record highs at X tons in 2012, and then declined modestly in the following year.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank slightly to $X in 2013. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at $X in 2012, and then shrank slightly in the following year.

Exports by Country

France (X tons), Germany (X tons) and Luxembourg (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from the UK, with a combined 76% share of total exports.

From 2012 to 2013, the biggest increases were recorded for Germany (with a CAGR of +178.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from the UK were France ($X), Luxembourg ($X) and Germany ($X), together accounting for 71% of total exports.

Germany, with a CAGR of +128.1%, recorded the highest growth rate of the value of exports, in terms of 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 2013, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2013, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into the UK

In 2016, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into the UK soared to X tons, picking up by 53% against the year before. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 115%. Over the period under review, imports of reached the maximum in 2016 and are expected to retain growth in years to come.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2016. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 96%. Imports peaked at $X in 2014; however, from 2015 to 2016, imports remained at a lower figure.

Imports by Country

In 2016, the Netherlands (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the UK, with a 48% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from the Netherlands exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from the Netherlands totaled +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+80.3% per year) and Belgium (+124.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the UK, comprising 44% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 19% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2016, the average annual rate of growth in terms of value from the Netherlands totaled +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+55.9% per year) and Belgium (+73.7% per year).

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, shrinking by -16.3% against the previous year. In general, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -8.6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Italy (-9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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