Netherlands: Ethylene Market 2024

Ethylene Market Size in the Netherlands

In 2021, the Dutch ethylene market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a mild setback. Ethylene consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Ethylene Production in the Netherlands

In value terms, ethylene production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 28% against the previous year. Ethylene production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ethylene Exports

Exports from the Netherlands

In 2021, after two years of decline, there was growth in shipments abroad of ethylene, when their volume increased by 0.8% to X tons. In general, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ethylene exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 39% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for ethylene exports from the Netherlands, accounting for a 60% share of total exports. Moreover, ethylene exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.5% per year) and Spain (+18.9% per year).

In value terms, Belgium ($X) remains the key foreign market for ethylene exports from the Netherlands, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.9% per year) and Spain (+10.4% per year).

Export Prices by Country

In 2021, the average ethylene export price amounted to $X per ton, jumping by 38% against the previous year. In general, the export price, however, saw a pronounced curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($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 Germany (-1.4%), while the prices for the other major destinations experienced a decline.

Ethylene Imports

Imports into the Netherlands

In 2021, imports of ethylene into the Netherlands contracted to X tons, waning by -9.8% against the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 115% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, ethylene imports soared to $X in 2021. Overall, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 when imports increased by 96% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest ethylene supplier to the Netherlands, with a 52% share of total imports. Moreover, ethylene imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+689.2% per year) and Germany (+4.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of ethylene to the Netherlands, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and the United States (+674.3% per year).

Import Prices by Country

In 2021, the average ethylene import price amounted to $X per ton, increasing by 33% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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