Luxembourg: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Luxembourg

The Luxembourg polyethylene in primary forms market soared to $X in 2021, rising by 29% 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). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +93.8% against 2019 indices. Polyethylene in primary forms consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from Luxembourg

In 2021, the amount of polyethylene in primary forms exported from Luxembourg surged to X tons, picking up by 25% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 328%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, polyethylene in primary forms exports skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 521% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of polyethylene in primary forms exports from Luxembourg, with a combined 63% share of total exports. These countries were followed by Germany, France, Italy, Argentina, Colombia, Turkey, Chile, Serbia and South Africa, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +182.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for polyethylene in primary forms exports from Luxembourg, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil amounted to +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+64.2% per year) and Belgium (+49.5% per year).

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, jumping by 30% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 45% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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 Germany ($X per ton), while the average price for exports to France ($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 France (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Luxembourg

In 2021, the amount of polyethylene in primary forms imported into Luxembourg surged to X tons, rising by 15% compared with 2020 figures. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +119.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 90% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, polyethylene in primary forms imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.7% against 2019 indices. 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 Germany (X tons) were the main suppliers of polyethylene in primary forms imports to Luxembourg, with a combined 92% share of total imports. These countries were followed by France and Denmark, which together accounted for a further 7.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +2,001.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms suppliers to Luxembourg were the Netherlands ($X), Belgium ($X) and Germany ($X), together accounting for 92% of total imports. France and Denmark lagged somewhat behind, together comprising a further 6.8%.

Among the main suppliers, Denmark, with a CAGR of +2,000.5%, saw 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 average polyethylene in primary forms import price stood at $X per ton in 2021, growing by 25% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 36%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Denmark ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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