Luxembourg: 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 Luxembourg

The Luxembourg market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +11.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

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

Exports from Luxembourg

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms exported from Luxembourg soared to X tons, picking up by 25% against the previous year. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 347%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 788% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Brazil (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Luxembourg, with a 38% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Brazil exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Germany (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil amounted to +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+77.1% per year) and Germany (+243.1% per year).

In value terms, Brazil ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Luxembourg, comprising 42% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Belgium, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+252.0% per year) and Belgium (+90.1% per year).

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, with an increase of 35% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 98%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export 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 (+12.0%), 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 Luxembourg

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported into Luxembourg surged to X tons, jumping by 22% against 2020. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 116%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 125%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Luxembourg, together accounting for 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Luxembourg were Belgium ($X), the Netherlands ($X) and France ($X), with a combined 96% share of total imports.

Belgium, with a CAGR of +51.3%, saw 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

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, growing by 32% against the previous year. Overall, the import price continues to indicate modest growth. 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 highest price was recorded for prices from Germany ($X per ton) and Belgium ($X per ton), while the price for Saudi Arabia ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :