Spain: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Spain

The Spanish polyethylene in primary forms market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 8.3%. Polyethylene in primary forms consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Spain

In value terms, polyethylene in primary forms production expanded rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of 7.3%. Polyethylene in primary forms production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from Spain

In 2021, polyethylene in primary forms exports from Spain rose rapidly to X tons, surging by 8% compared with 2020. The total export volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 22%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, polyethylene in primary forms exports surged to $X in 2021. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Italy (X tons) and Portugal (X tons) were the main destinations of polyethylene in primary forms exports from Spain, with a combined 49% share of total exports. Germany, Turkey, Greece, the UK, China, the Netherlands, Belgium, Poland, India and Algeria lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +15.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for polyethylene in primary forms exported from Spain worldwide, together accounting for 54% of total exports. These countries were followed by Germany, Turkey, Greece, Belgium, the Netherlands, the UK, Poland, China, Algeria and India, which together accounted for a further 29%.

Poland, with a CAGR of +12.6%, saw the highest rates of growth with regard to 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

The average polyethylene in primary forms export price stood at $X per ton in 2021, with an increase of 55% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Spain

Polyethylene in primary forms imports into Spain was estimated at X tons in 2021, remaining stable against the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 9.8% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, polyethylene in primary forms imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of polyethylene in primary forms imports to Spain, together accounting for 35% of total imports. These countries were followed by Saudi Arabia, the United States, Qatar, the Netherlands, Portugal, Egypt, Italy, South Korea, Brazil and Sweden, which together accounted for a further 52%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +43.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms suppliers to Spain were Belgium ($X), Germany ($X) and France ($X), with a combined 35% share of total imports. Saudi Arabia, the United States, the Netherlands, Qatar, Portugal, Italy, Egypt, South Korea, Sweden and Brazil lagged somewhat behind, together accounting for a further 51%.

The United States, with a CAGR of +37.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene in primary forms import price stood at $X per ton in 2021, surging by 52% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Belgium ($X per ton), while the price for Brazil ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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