Poland: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Poland

The Polish polyethylene binder market dropped dramatically to $X in 2022, waning by -16% against the previous year. Over the period under review, consumption saw a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Polyethylene Binder Production in Poland

In value terms, polyethylene binder production fell to $X in 2022 estimated in export price. In general, production saw a pronounced setback. The growth pace was the most rapid in 2013 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Polyethylene Binder Exports

Exports from Poland

In 2022, shipments abroad of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -10.2% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 69% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, polyethylene binder exports dropped to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.2% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 81%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for polyethylene binder exports from Poland, with a 34% share of total exports. Moreover, polyethylene binder exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+15.8% per year) and Italy (-4.2% per year).

In value terms, Germany ($X) remains the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Poland, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by Hungary, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-3.2% per year) and Hungary (+14.2% per year).

Export Prices by Country

In 2022, the average polyethylene binder export price amounted to $X per ton, surging by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 an increase of 36% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Poland

In 2022, the amount of polyethylene or polypropylene binder or baler (agricultural) twines imported into Poland declined remarkably to X tons, which is down by -20.6% against the previous year. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 211%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, polyethylene binder imports dropped slightly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 216%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bulgaria (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main suppliers of polyethylene binder imports to Poland, with a combined 82% share of total imports. Portugal and China lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene binder suppliers to Poland were Bulgaria ($X), the Czech Republic ($X) and China ($X), with a combined 68% share of total imports.

Among the main suppliers, China, with a CAGR of +54.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polyethylene binder import price amounted to $X per ton, jumping by 21% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyethylene binder import price increased by +49.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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