Eastern Europe: 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 Eastern Europe

In 2021, the East European market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms rose sharply to $X in 2021 estimated in export price. Overall, production showed a slight downturn. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Eastern Europe

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 6.6% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 19% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +78.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X tons), distantly followed by Slovakia (X tons), Hungary (X tons), Belarus (X tons), Poland (X tons) and Lithuania (X tons) represented the main exporters of polyethylene with a specific gravity of less than X, in primary forms, together comprising 87% of total exports. The Czech Republic (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +19.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Slovakia ($X) and Hungary ($X) were the countries with the highest levels of exports in 2021, with a combined 61% share of total exports. Belarus, Poland, Lithuania and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

Lithuania, with a CAGR of +20.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 62% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Slovakia ($X per ton), while Russia ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+1.5%), while the other leaders experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Eastern Europe

In 2021, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The volume of import peaked at X tons in 2017; afterwards, it flattened through to 2021.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) was the main importer of polyethylene with a specific gravity of less than X, in primary forms, making up 40% of total imports. It was distantly followed by Russia (X tons), the Czech Republic (X tons), Ukraine (X tons), Romania (X tons), Lithuania (X tons), Hungary (X tons) and Slovakia (X tons), together comprising a 51% share of total imports.

Imports into Poland increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Lithuania (+7.6%), the Czech Republic (+2.4%), Hungary (+1.4%), Romania (+1.3%) and Slovakia (+1.3%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +7.6% from 2012-2021. By contrast, Russia (-3.3%) and Ukraine (-4.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland and Lithuania increased by +8.2 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in Eastern Europe, comprising 40% of total imports. The second position in the ranking was taken by Russia ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland stood at +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-3.8% per year) and the Czech Republic (+3.9% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, jumping by 57% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hungary ($X per ton) and the Czech Republic ($X per ton), while Ukraine ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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