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

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

The Luxembourg polyethylene glycol and polyether market skyrocketed to $X in 2021, jumping by 60% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a significant expansion. Polyethylene glycol and polyether consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Luxembourg

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were exported from Luxembourg; reducing by -35.2% compared with the year before. In general, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 152% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports contracted markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 105%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for polyethylene glycol and polyether exports from Luxembourg, with a 86% share of total exports. Moreover, polyethylene glycol and polyether exports to Belgium exceeded the volume sent to the second major destination, Russia (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+50.2% per year) and Italy (-43.5% per year).

In value terms, Belgium ($X) emerged as the key foreign market for polyethylene glycols and polyethers in primary forms exports from Luxembourg, comprising 88% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+51.2% per year) and Italy (-36.2% per year).

Export Prices by Country

In 2021, the average polyethylene glycol and polyether export price amounted to $X per ton, declining by -28.9% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 68%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Russia ($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 Italy (+13.0%), 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 Luxembourg

In 2021, imports of polyethylene glycols and polyethers in primary forms into Luxembourg surged to X tons, picking up by 19% compared with the previous year. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 95%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of polyethylene glycol and polyether to Luxembourg, with a 59% share of total imports. Moreover, polyethylene glycol and polyether imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+27.5% per year) and France (+28.3% per year).

In value terms, Germany ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Luxembourg, comprising 56% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+28.3% per year) and South Korea (+3,689.8% per year).

Import Prices by Country

In 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, surging by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+87.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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