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 Europe

In 2022, the Europe market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach $X for the first time since 2013, thus ending a eight-year declining trend. In general, consumption continues to indicate a slight expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Europe

In 2022, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported in Europe reduced to X tons, approximately equating the previous year. In general, exports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 12%. Over the period under review, the exports of attained the maximum 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 totaled $X in 2022. Over the period under review, exports showed a precipitous setback. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Albania was the key exporter of polyethylene terephthalate and other polyethylene terephthalate in primary forms in Europe, with the volume of exports amounting to X tons, which was near 61% of total exports in 2022. It was distantly followed by Belarus (X tons), creating a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Albania (with a CAGR of +33.0%).

In value terms, Albania ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Albania, with a CAGR of +29.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by 2.1% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 3.8% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Albania stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (-2.6%).

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in Europe

Imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined slightly to X tons in 2022, remaining stable against the year before. Overall, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped to $X in 2022. Over the period under review, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Serbia (X tons) and Montenegro (X tons) dominates forms structure, together achieving 92% of total imports. Albania (X tons), Norway (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Montenegro (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Montenegro ($X), Serbia ($X) and Albania ($X) were the countries with the highest levels of imports in 2022, together comprising 97% of total imports.

In terms of the main importing countries, Montenegro, with a CAGR of +11.8%, 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

In 2022, the import price in Europe amounted to $X per ton, waning by -2% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Montenegro ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Montenegro (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform