Europe: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Europe

After four years of decline, the Europe polyethylene in primary forms market increased by 9.7% to $X in 2021. Over the period under review, consumption saw a slight downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene in Primary Forms in Europe

In value terms, polyethylene in primary forms production reached $X in 2021 estimated in export price. Overall, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 6.2% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports in Europe

In 2021, shipments abroad of polyethylene in primary forms increased by 2.5% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, polyethylene in primary forms exports surged to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Russia (X tons), France (X tons) and Spain (X tons) were the largest exporters of polyethylene in primary forms, together making up 67% of total exports. Sweden (X tons), Italy (X tons), Austria (X tons), Hungary (X tons), the UK (X tons), the Czech Republic (X tons) and Poland (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of +17.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms supplying countries in Europe were Belgium ($X), Germany ($X) and the Netherlands ($X), together accounting for 49% of total exports. France, Russia, Sweden, Spain, Italy, Austria, Hungary, the UK, the Czech Republic and Poland lagged somewhat behind, together comprising a further 40%.

Russia, with a CAGR of +13.7%, recorded the highest growth rate of the value of exports, in terms of 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 Europe stood at $X per ton in 2021, with an increase of 45% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Russia ($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 Netherlands (+0.7%), while the other leaders experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports in Europe

For the third year in a row, Europe recorded growth in overseas purchases of polyethylene in primary forms, which increased by 5.6% to X tons in 2021. Overall, imports saw 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, polyethylene in primary forms imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of polyethylene in primary forms imports in 2021 were Germany (X tons), Belgium (X tons), Italy (X tons), Poland (X tons), France (X tons), the UK (X tons), Spain (X tons) and the Netherlands (X tons), together reaching 71% of total import. The following importers - Russia (X tons), the Czech Republic (X tons), Austria (X tons), Greece (X tons) and Sweden (X tons) - together made up 11% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +5.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms importing markets in Europe were Germany ($X), Belgium ($X) and Italy ($X), together comprising 37% of total imports. These countries were followed by Poland, France, the UK, Spain, the Netherlands, Russia, the Czech Republic, Sweden, Austria and Greece, which together accounted for a further 44%.

In terms of the main importing countries, Poland, with a CAGR of +5.9%, 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 more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, growing by 49% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Sweden ($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 the Czech Republic (+0.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform