Portugal: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in Portugal

The Portuguese polyethylene binder market declined markedly to $X in 2022, with a decrease of -55.2% against the previous year. In general, consumption showed a deep reduction. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Polyethylene Binder Production in Portugal

In value terms, polyethylene binder production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value 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, production increased by +59.9% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 18%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Polyethylene Binder Exports

Exports from Portugal

In 2022, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -8.7% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, polyethylene binder exports reached $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the United States (X tons) and Spain (X tons) were the main destinations of polyethylene binder exports from Portugal, with a combined 55% share of total exports. Germany, the UK, Canada, Belgium, Denmark, Greece, Turkey, Italy and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +48.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene binder exported from Portugal were the United States ($X), France ($X) and Spain ($X), with a combined 55% share of total exports. The UK, Germany, Canada, Belgium, Denmark, Greece, Italy, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 36%.

Turkey, with a CAGR of +49.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polyethylene binder export price amounted to $X per ton, with an increase of 9.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Canada ($X per ton), while the average price for exports to Spain ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Portugal

In 2022, the amount of polyethylene or polypropylene binder or baler (agricultural) twines imported into Portugal contracted to X tons, waning by -12.7% compared with the previous year. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,300%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, polyethylene binder imports dropped slightly to $X in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 1,137% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of polyethylene binder to Portugal, with a 95% share of total imports. It was followed by Peru (X tons), with a 2.1% share of total imports. Spain (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-9.6% per year) and Spain (-1.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Portugal, comprising 93% of total imports. The second position in the ranking was held by Peru ($X), with a 2.8% share of total imports. It was followed by Spain, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+2.1% per year) and Spain (-0.5% per year).

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, surging by 9.9% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 28%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :