Czech Republic: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in the Czech Republic

In 2021, the Czech polyethylene in primary forms market increased by 17% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.1% against 2019 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Production of Polyethylene in Primary Forms in the Czech Republic

In value terms, polyethylene in primary forms production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 282% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from the Czech Republic

In 2021, overseas shipments of polyethylene in primary forms increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% 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 +36.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 80%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene in primary forms exports surged to $X in 2021. Over the period under review, total exports indicated a measured expansion from 2012 to 2021: its value 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. 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 polyethylene in primary forms exports from the Czech Republic, with a 43% share of total exports. Moreover, polyethylene in primary forms exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+8.9% per year) and Poland (+1.5% per year).

In value terms, Germany ($X) remains the key foreign market for polyethylene in primary forms exports from the Czech Republic, comprising 42% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.3% per year) and Poland (+2.5% per year).

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, with an increase of 58% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Poland ($X per ton), while the average price for exports to Turkey ($X per ton) and Ukraine ($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 Poland (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into the Czech Republic

After four years of decline, supplies from abroad of polyethylene in primary forms increased by 13% to X tons in 2021. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Slovakia (X tons) and the Netherlands (X tons) were the main suppliers of polyethylene in primary forms imports to the Czech Republic, together accounting for 50% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms suppliers to the Czech Republic were Germany ($X), Slovakia ($X) and the Netherlands ($X), with a combined 50% share of total imports.

The Netherlands, with a CAGR of +14.0%, recorded the highest growth rate of the value of imports, in terms of 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 polyethylene in primary forms import price amounted to $X per ton, surging by 48% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 UK ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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