Northern America: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Northern America

The North American ethylene polymer bag market reduced modestly to $X in 2022, approximately reflecting the previous year. In general, consumption showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when the market value increased by 4.1%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ethylene Polymer Bag Production in Northern America

In value terms, ethylene polymer bag production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 3.4%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports in Northern America

In 2022, exports of sacks and bags of polymers of ethylene in Northern America amounted to X tons, increasing by 2% against the previous year's figure. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ethylene polymer bag exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

The United States (X tons) and Canada (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United States (with a CAGR of +2.7%).

In value terms, the largest ethylene polymer bag supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, the United States, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, growing by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the export price increased by 20%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.6%).

Ethylene Polymer Bag Imports

Imports in Northern America

For the third year in a row, Northern America recorded growth in supplies from abroad of sacks and bags of polymers of ethylene, which increased by 2.3% to X tons in 2022. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 26%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ethylene polymer bag imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States represented the key importing country with an import of about X tons, which finished at 86% of total imports. It was distantly followed by Canada (X tons), mixing up a 14% share of total imports.

The United States was also the fastest-growing in terms of the sacks and bags of polymers of ethylene imports, with a CAGR of +5.8% from 2012 to 2022. At the same time, Canada (+3.3%) displayed positive paces of growth. The United States (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -3.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported sacks and bags of polymers of ethylene in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

In the United States, ethylene polymer bag imports increased at an average annual rate of +5.1% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 7.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.7% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).

Source: IndexBox Platform

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