Benelux: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in Benelux

The Benelux polyethylene binder market amounted to $X in 2022, with an increase of 3.9% against the previous year. The market value increased at an average annual rate of +5.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Polyethylene Binder Production in Benelux

In value terms, polyethylene binder production reduced sharply to $X in 2022 estimated in export price. Overall, production, however, recorded notable growth. The growth pace was the most rapid in 2014 with an increase of 1,095% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Polyethylene Binder Exports

Exports in Benelux

In 2022, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -8.4% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 11%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polyethylene binder exports shrank to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 15%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X tons) represented the largest exporter of polyethylene or polypropylene binder or baler (agricultural) twines, committing 58% of total exports. It was distantly followed by Luxembourg (X tons) and the Netherlands (X tons), together generating a 42% share of total exports.

Exports from Belgium decreased at an average annual rate of -14.5% from 2012 to 2022. At the same time, Luxembourg (+55.8%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +55.8% from 2012-2022. By contrast, the Netherlands (-4.7%) illustrated a downward trend over the same period. While the share of Luxembourg (+23 p.p.) and the Netherlands (+9.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-31.9 p.p.) displayed negative dynamics.

In value terms, the largest polyethylene binder supplying countries in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +48.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, growing by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Polyethylene Binder Imports

Imports in Benelux

In 2022, the amount of polyethylene or polypropylene binder or baler (agricultural) twines imported in Benelux totaled X tons, picking up by 2.3% on the previous year's figure. Over the period under review, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, polyethylene binder imports rose sharply to $X in 2022. Overall, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 25%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) prevails in imports structure, together creating 94% of total imports. It was distantly followed by Luxembourg (X tons), mixing up a 6.5% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Luxembourg (with a CAGR of +36.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) constituted the countries with the highest levels of imports in 2022.

Luxembourg, with a CAGR of +36.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by 4.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 13%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform