Eastern Europe: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Eastern Europe

In 2022, the East European market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Eastern Europe

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Eastern Europe

In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 15% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a dramatic descent. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reached $X in 2022. In general, exports, however, continue to indicate a sharp decrease. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of polyethylene terephthalate and other polyethylene terephthalate in primary forms, namely Belarus, represented more than two-thirds of total export.

Belarus was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms exports, with a CAGR of -27.4% from 2012 to 2022. From 2012 to 2022, the share of Belarus increased by +93 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) also remains the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier in Eastern Europe.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus stood at -30.1%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, stabilizing at the previous year. Overall, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the export price increased by 14% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to -3.6% per year.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in Eastern Europe

In 2022, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 3% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2016 with an increase of 14% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X in 2022. In general, imports, however, continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belarus (X tons) represented roughly 100% of total imports in 2022.

Belarus was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms imports, with a CAGR of -25.3% from 2012 to 2022. While the share of Belarus (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in Eastern Europe.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus totaled -29.7%.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by 2.3% against the previous year. In general, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 21%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to -5.9% per year.

Source: IndexBox Platform

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