Benelux: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Benelux

After two years of growth, the Benelux ethylene polymer bag market decreased by -2.2% to $X in 2022. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ethylene Polymer Bag Production in Benelux

In value terms, ethylene polymer bag production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a mild contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 26%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Ethylene Polymer Bag Exports

Exports in Benelux

In 2022, the amount of sacks and bags of polymers of ethylene exported in Benelux shrank to X tons, declining by -6.3% compared with the year before. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 59% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, ethylene polymer bag exports stood at $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.2% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands was the main exporter of sacks and bags of polymers of ethylene in Benelux, with the volume of exports resulting at X tons, which was near 84% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 16% share of total exports.

The Netherlands was also the fastest-growing in terms of the sacks and bags of polymers of ethylene exports, with a CAGR of +3.2% from 2012 to 2022. Belgium (-8.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +21 percentage points.

In value terms, the Netherlands ($X) remains the largest ethylene polymer bag supplier in Benelux, comprising 82% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +7.2%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, growing by 6.8% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene polymer bag export price increased by +80.0% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 23% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%).

Ethylene Polymer Bag Imports

Imports in Benelux

In 2022, supplies from abroad of sacks and bags of polymers of ethylene increased by 2.3% to X tons, rising for the fifth year in a row after three years of decline. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene polymer bag imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the Netherlands (X tons) was the main importer of sacks and bags of polymers of ethylene, constituting 74% of total imports. It was distantly followed by Belgium (X tons), achieving a 24% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of sacks and bags of polymers of ethylene. At the same time, Luxembourg (+4.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +4.6% from 2012-2022. By contrast, Belgium (-2.0%) illustrated a downward trend over the same period. The Netherlands (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -5.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported sacks and bags of polymers of ethylene in Benelux, comprising 71% of total imports. The second position in the ranking was taken by Belgium ($X), with a 27% share of total imports.

In the Netherlands, ethylene polymer bag imports expanded at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-2.4% per year) and Luxembourg (-1.1% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, dropping by -6.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($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 (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform