Europe: 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 Europe

In 2021, the Europe market for polyethylene with a specific gravity of less than X, in primary forms increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a noticeable decline. Over the period under review, the market hit record highs 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 Europe

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms declined modestly to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 7.9% 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 Europe

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 3.4% 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 +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9.9% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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), Spain (X tons) and the UK (X tons) represented the key exporters of polyethylene with a specific gravity of less than X, in primary forms, together comprising 70% of total exports. The following exporters - Russia (X tons), Sweden (X tons), Austria (X tons), Slovakia (X tons), Italy (X tons), Finland (X tons) and Hungary (X tons) - together made up 20% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +7.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X supplying countries in Europe were Belgium ($X), the Netherlands ($X) and Germany ($X), together comprising 51% of total exports. France, Spain, Sweden, the UK, Russia, Slovakia, Austria, Italy, Finland and Hungary lagged somewhat behind, together comprising a further 39%.

Slovakia, with a CAGR of +8.2%, 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

In 2021, the export price in Europe amounted to $X per ton, increasing by 56% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a 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 Italy ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by 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 Europe

In 2021, after three years of decline, there was significant growth in purchases abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume increased by 8.7% to X tons. In general, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of polyethylene with a specific gravity of less than X, in primary forms in 2021 were Germany (X tons), Belgium (X tons), Italy (X tons), Poland (X tons), France (X tons), the Netherlands (X tons), Spain (X tons) and the UK (X tons), together reaching 72% of total import. Russia (X tons), Sweden (X tons), Greece (X tons), the Czech Republic (X tons) and Portugal (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 key 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, the largest polyethylene with a specific gravity of less than X importing markets in Europe were Germany ($X), Italy ($X) and Belgium ($X), with a combined 38% share of total imports. These countries were followed by Poland, France, the Netherlands, Spain, the UK, Russia, Sweden, the Czech Republic, Greece and Portugal, which together accounted for a further 45%.

Among the main importing countries, Poland, with a CAGR of +5.7%, recorded 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 58% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained 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 ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and the UK ($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