Luxembourg: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Luxembourg

The Luxembourg market for polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled less than $X in 2022, standing approx. at the previous year. Overall, consumption, however, recorded a dramatic decrease. The pace of growth was the most pronounced in 2014 with a decrease of -5.8% against the previous year. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Luxembourg

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Luxembourg

In 2016, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported from Luxembourg; rising by 32% against 2015 figures. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 38% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2016. Overall, exports, however, saw a dramatic contraction. The pace of growth appeared the most rapid in 2014 with an increase of 24%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Luxembourg, together accounting for 99% of total exports.

From 2012 to 2016, the biggest increases were recorded for Belgium (with a CAGR of +32.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Luxembourg, comprising 65% of total exports. The second position in the ranking was taken by Belgium ($X), with a 31% share of total exports.

From 2012 to 2016, the average annual growth rate of value to Italy stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.5% per year) and the Netherlands (-77.6% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, with a decrease of -11.1% against the previous year. Over the period under review, the export price recorded a precipitous descent. The most prominent rate of growth was recorded in 2014 a decrease of -10.3% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2016, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-11.4%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Luxembourg

After four years of growth, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -8.1% to X tons in 2016. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 11%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped to $X in 2016. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 1.6% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports of remained at a lower figure.

Imports by Country

Switzerland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Luxembourg, with a combined 66% share of total imports.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +2,295.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Luxembourg, comprising 37% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2016, the average annual rate of growth in terms of value from Switzerland amounted to +1,767.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-23.6% per year) and Italy (-25.8% per year).

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, dropping by -5.1% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average import price decreased by -2.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the Netherlands (-6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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