EU: 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 the EU

In 2021, after two years of decline, there was significant growth in the EU market for polyethylene with a specific gravity of less than X, in primary forms, when its value increased by 10% to $X. In general, consumption showed a noticeable contraction. The level of consumption peaked 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 the EU

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms dropped to $X in 2021 estimated in export price. Overall, production showed a noticeable slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.8% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

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

Exports in the EU

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms increased by 5.7% 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 +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

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 notable growth from 2012 to 2021: its value increased at an average annual rate of +2.0% 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

In 2021, Belgium (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), France (X tons) and Spain (X tons) represented the key exporters of polyethylene with a specific gravity of less than X, in primary forms, together making up 75% of total exports. The following exporters - Sweden (X tons), Austria (X tons), Slovakia (X tons), Italy (X tons), Finland (X tons), Hungary (X tons) and Portugal (X tons) - together made up 19% of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +6.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 58% of total exports. These countries were followed by France, Spain, Sweden, Slovakia, Austria, Italy, Finland, Hungary and Portugal, which together accounted for a further 37%.

Slovakia, with a CAGR of +8.2%, saw 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 the European Union stood at $X per ton in 2021, with an increase of 56% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; 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 Italy ($X per ton) and Sweden ($X per ton), while Spain ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), 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 the EU

In 2021, after three years of decline, there was significant growth in supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume increased by 9.7% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, 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, Germany (X tons), Belgium (X tons), Italy (X tons), Poland (X tons), France (X tons), the Netherlands (X tons) and Spain (X tons) represented the key importer of polyethylene with a specific gravity of less than X, in primary forms in the European Union, generating 76% of total import. Sweden (X tons), Greece (X tons), the Czech Republic (X tons), Portugal (X tons), Austria (X tons) and Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +4.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) were the countries with the highest levels of imports in 2021, with a combined 43% share of total imports. Poland, France, the Netherlands, Spain, Sweden, the Czech Republic, Greece, Portugal, Finland and Austria lagged somewhat behind, together comprising a further 46%.

Poland, with a CAGR of +5.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, rising by 59% against the previous year. Overall, the import price continues to indicate 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 the Czech Republic ($X per ton) and Finland ($X per ton), while Belgium ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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