Italy: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Italy

The Italian polyethylene in primary forms market skyrocketed to $X in 2021, surging by 32% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Polyethylene in primary forms consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Italy

In value terms, polyethylene in primary forms production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from Italy

In 2021, approx. X tons of polyethylene in primary forms were exported from Italy; picking up by 9.8% compared with the year before. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and Greece (X tons) were the main destinations of polyethylene in primary forms exports from Italy, with a combined 36% share of total exports. Spain, Turkey, Poland, Slovenia, Romania, Hungary, China, Switzerland, Belgium and the UK lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest markets for polyethylene in primary forms exported from Italy worldwide, with a combined 35% share of total exports. Greece, Turkey, Poland, Hungary, Romania, the UK, Switzerland, Belgium, China and Slovenia lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, China, with a CAGR of +21.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, surging by 37% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum 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 for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Slovenia ($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 China (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Italy

In 2021, approx. X tons of polyethylene in primary forms were imported into Italy; increasing by 7.8% on the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 10% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene in primary forms imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% 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

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of polyethylene in primary forms imports to Italy, with a combined 43% share of total imports. These countries were followed by the Netherlands, Spain, Qatar, Hungary, the United States, Austria, Saudi Arabia, the Czech Republic, Turkey and Sweden, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +30.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the largest polyethylene in primary forms suppliers to Italy, together comprising 43% of total imports. The Netherlands, Spain, Hungary, Qatar, Austria, the United States, the Czech Republic, Saudi Arabia, Turkey and Sweden lagged somewhat behind, together comprising a further 43%.

The United States, with a CAGR of +25.9%, recorded the highest growth rate of the value of imports, among the main suppliers 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 in primary forms import price amounted to $X per ton, rising by 58% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Sweden ($X per ton) and Turkey ($X per ton), while the price for Qatar ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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