Belgium: 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 Belgium

The Belgian market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, saw a precipitous shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021 estimated in export price. Over the period under review, production showed a mild setback. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 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 Belgium

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 4.5% to X tons, rising for the second consecutive year after three years of decline. Overall, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +108.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Belgium, with a 24% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+4.5% per year) and the Netherlands (+8.5% per year).

In value terms, Germany ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Belgium, comprising 24% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by France, with an 11% 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: Italy (+3.9% per year) and France (-1.2% per year).

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, with an increase of 55% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to China ($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 the UK (+1.2%), 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 Belgium

In 2021, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 28% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2020 with an increase of 70%. Over the period under review, imports of attained 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. Over the period under review, imports, however, recorded a mild decrease. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Saudi Arabia (X tons) and the UK (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Belgium, together comprising 49% of total imports. The United States, France, Germany, Qatar, Sweden, Spain, Egypt, South Korea, Brazil and Iran lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Saudi Arabia ($X) appeared to be the largest polyethylene with a specific gravity of less than X suppliers to Belgium, with a combined 52% share of total imports. The United States, Germany, Qatar, France, Sweden, Spain, Egypt, South Korea, Iran and Brazil lagged somewhat behind, together comprising a further 36%.

Egypt, with a CAGR of +31.8%, saw the highest growth rate of the value of imports, among 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, with an increase of 47% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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