Germany: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Germany

In 2021, the German polyethylene glycol and polyether market increased by 16% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a perceptible increase. Polyethylene glycol and polyether consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Germany

In value terms, polyethylene glycol and polyether production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Germany

In 2021, after three years of decline, there was significant growth in overseas shipments of polyethylene glycols and polyethers in primary forms, when their volume increased by 12% to X tons. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Italy (X tons) and France (X tons) were the main destinations of polyethylene glycol and polyether exports from Germany, with a combined 29% share of total exports. Belgium, Spain, Turkey, the UK, the Netherlands, Austria, the United States, Switzerland, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +9.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol and polyether exported from Germany were Italy ($X), Poland ($X) and Belgium ($X), with a combined 28% share of total exports.

Belgium, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, growing by 28% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Germany

In 2021, after two years of decline, there was significant growth in purchases abroad of polyethylene glycols and polyethers in primary forms, when their volume increased by 10% to X tons. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of polyethylene glycol and polyether imports to Germany, with a combined 78% share of total imports. South Korea, France, Italy, Poland and the UK lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Germany were the Netherlands ($X), Belgium ($X) and the UK ($X), with a combined 67% share of total imports. These countries were followed by Spain, Italy, South Korea, France and Poland, which together accounted for a further 21%.

Among the main suppliers, South Korea, with a CAGR of +24.6%, 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

In 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, surging by 33% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($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 UK (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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