Northern America: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Northern America

In 2021, the North American polyethylene in primary forms market increased by 20% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polyethylene in Primary Forms in Northern America

In value terms, polyethylene in primary forms production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2018 when the production volume increased by 4.2% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene in Primary Forms

Exports in Northern America

After three years of growth, shipments abroad of polyethylene in primary forms decreased by -15.2% to X tons in 2021. Total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted dramatically in the following year.

In value terms, polyethylene in primary forms exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X tons) represented the key exporter of polyethylene in primary forms, mixing up 75% of total exports. It was distantly followed by Canada (X tons), creating a 25% share of total exports.

The United States was also the fastest-growing in terms of the polyethylene in primary forms exports, with a CAGR of +5.4% from 2012 to 2021. At the same time, Canada (+2.2%) displayed positive paces of growth. While the share of the United States (+5.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-5.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest polyethylene in primary forms supplier in Northern America, comprising 74% of total exports. The second position in the ranking was taken by Canada ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +5.5%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, rising by 62% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.7%).

Imports of Polyethylene in Primary Forms

Imports in Northern America

Polyethylene in primary forms imports totaled X tons in 2021, with an increase of 6% on the previous year. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the key importing country with an import of about X tons, which resulted at 73% of total imports. It was distantly followed by Canada (X tons), mixing up a 27% share of total imports.

The United States was also the fastest-growing in terms of the polyethylene in primary forms imports, with a CAGR of +3.3% from 2012 to 2021. At the same time, Canada (+1.8%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +2.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported polyethylene in primary forms in Northern America, comprising 71% of total imports. The second position in the ranking was held by Canada ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +6.1%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, jumping by 57% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :