Belgium: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Belgium

For the fourth year in a row, the Belgian polyethylene in primary forms market recorded decline in sales value, which decreased by -25.7% to $X in 2021. Over the period under review, consumption faced a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene in Primary Forms in Belgium

In value terms, polyethylene in primary forms production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible descent. Polyethylene in primary forms production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Belgium

In 2021, polyethylene in primary forms exports from Belgium reduced slightly to X tons, leveling off at the previous year. Overall, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 76% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, polyethylene in primary forms exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 48%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for polyethylene in primary forms exports from Belgium, with a 26% share of total exports. Moreover, polyethylene in primary forms exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.0% per year) and the Netherlands (+6.0% per year).

In value terms, Germany ($X) remains the key foreign market for polyethylene in primary forms exports from Belgium, comprising 26% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Italy, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.8% per year) and Italy (+1.4% per year).

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, increasing by 44% against the previous year. Overall, the export price, however, recorded a mild shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Poland ($X per ton), while the average price for exports to China ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Belgium

In 2021, overseas purchases of polyethylene in primary forms increased by 5.1% to X tons, rising for the third consecutive year after two years of decline. In general, imports saw a modest increase. The most prominent rate of growth was recorded in 2020 when imports increased by 92% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of polyethylene in primary forms imports to Belgium, together comprising 47% of total imports. The UK, Germany, France, Brazil, Egypt, Qatar, Russia, Sweden and Iran lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United States ($X) and the Netherlands ($X) constituted the largest polyethylene in primary forms suppliers to Belgium, together comprising 46% of total imports. The UK, Germany, Brazil, France, Qatar, Egypt, Russia, Sweden and Iran lagged somewhat behind, together accounting for a further 41%.

Among the main suppliers, Russia, with a CAGR of +32.6%, saw the highest growth rate of the value of imports, 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 polyethylene in primary forms import price amounted to $X per ton, jumping by 43% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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