Italy: 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 Italy

The Italian market for polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021, surging by 38% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2013; afterwards, it flattened through to 2021.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Italy

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021 estimated in export price. Overall, production saw a mild setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 89%. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Italy

Exports of polyethylene with a specific gravity of less than X, in primary forms from Italy stood at X tons in 2021, surging by 5.3% on the previous year. Over the period under review, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 9%. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, exports, however, showed a mild reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Greece (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Italy, with a combined 40% share of total exports. Spain, Slovenia, Poland, Austria, the UK, the Czech Republic, China, the Netherlands, Turkey and Hungary lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +7.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Italy were Germany ($X), France ($X) and Spain ($X), with a combined 40% share of total exports. These countries were followed by Greece, Poland, Austria, Slovenia, the UK, the Netherlands, the Czech Republic, Turkey, Hungary and China, which together accounted for a further 36%.

Among the main countries of destination, China, with a CAGR of +7.6%, 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

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with an increase of 49% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to China ($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 Netherlands (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Italy

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were imported into Italy; picking up by 9% compared with the previous year's figure. The total import 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 in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 11%. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% 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

Belgium (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Italy, with a combined 45% share of total imports. These countries were followed by Spain, Germany, Qatar, the United States, Turkey, Austria, Egypt, South Korea, Slovakia and Hungary, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the Netherlands ($X) appeared to be the largest polyethylene with a specific gravity of less than X suppliers to Italy, with a combined 47% share of total imports. These countries were followed by Spain, Germany, Qatar, Turkey, the United States, Austria, Egypt, Slovakia, South Korea and Hungary, which together accounted for a further 39%.

Egypt, with a CAGR of +50.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, surging by 71% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 supplying countries. In 2021, amid the top importers, the countries with the highest prices were Slovakia ($X per ton) and Turkey ($X per ton), while the price for Qatar ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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