Northern America: 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 Northern America

In 2021, the North American market for polyethylene with a specific gravity of less than X, in primary forms increased by 3.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Northern America

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 35%. As a result, production attained the peak level of $X. From 2018 to 2021, production of growth failed to regain momentum.

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

Exports in Northern America

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by -2.1% to X tons, falling for the second consecutive year after three years of growth. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 23% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 with a specific gravity of less than X, in primary forms, constituting 82% of total exports. It was distantly followed by Canada (X tons), achieving an 18% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to polyethylene with a specific gravity of less than X exports from the United States stood at +5.3%. At the same time, Canada (+6.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.5% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest polyethylene with a specific gravity of less than X supplier in Northern America, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with a 20% share of total exports.

In the United States, exports of polyethylene with a specific gravity of less than X, in primary forms increased at an average annual rate of +5.0% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 56% against the previous year. In general, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a 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 (+2.4%).

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

Imports in Northern America

Imports of polyethylene with a specific gravity of less than X, in primary forms expanded sharply to X tons in 2021, picking up by 14% compared with 2020 figures. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importing country with an import of around X tons, which reached 68% of total imports. It was distantly followed by Canada (X tons), making up a 32% share of total imports.

The United States was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms imports, with a CAGR of +5.7% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+9.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-9.7 p.p.) displayed negative dynamics.

In value terms, the largest polyethylene with a specific gravity of less than X importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +8.8%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, growing by 44% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. 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 (+2.9%).

Source: IndexBox Platform

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