EU: 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 the EU

The EU market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach $X in 2022, after eight years of decline. Overall, consumption posted a measured increase. 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 the EU

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022 estimated in export price. In general, production saw a pronounced increase. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in the EU

In 2020, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 2.6% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 13%. The volume of export peaked at X tons in 2016; however, from 2017 to 2020, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X in 2020. Overall, exports, however, continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2013 with an increase of 2.8% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2020, the growth of the exports of failed to regain momentum.

Exports by Country

France represented the key exporting country with an export of about X tons, which resulted at 69% of total exports. It was distantly followed by Austria (X tons), generating a 31% share of total exports.

France was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms exports, with a CAGR of +3.3% from 2012 to 2020. Austria experienced a relatively flat trend pattern. While the share of France (+66 p.p.) and Austria (+29 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier in the European Union, comprising 74% of total exports. The second position in the ranking was taken by Austria ($X), with a 26% share of total exports.

In France, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms remained relatively stable over the period from 2012-2020.

Export Prices by Country

In 2020, the export price in the European Union amounted to $X per ton, waning by -2.4% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the export price increased by 5.9% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was France ($X per ton), while Austria amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (-3.8%).

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in the EU

In 2016, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms imported in the European Union rose modestly to X tons, growing by 2.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. Over the period under review, imports of attained the peak figure in 2016 and are likely to see steady growth in the near future.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped to $X in 2016. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 9.5%. As a result, imports reached the peak of $X. From 2014 to 2016, the growth of imports of remained at a lower figure.

Imports by Country

The countries with the highest levels of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms in 2016 were Italy (X tons), France (X tons) and Germany (X tons), together reaching 47% of total import. Poland (X tons) held the next position in the ranking, followed by the Czech Republic (X tons) and Belgium (X tons). All these countries together took approx. 18% share of total imports. The following importers - Romania (X tons), Austria (X tons), Portugal (X tons), Spain (X tons), Luxembourg (X tons), the Netherlands (X tons) and Hungary (X tons) - together made up 25% of total imports.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Italy (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2016, together comprising 47% of total imports.

In terms of the main importing countries, Italy, with a CAGR of +3.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2016, reducing by -8.4% against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the import price decreased by -1.3% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2016, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2016, major importing countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while the Netherlands ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the Netherlands (-8.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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