Spain: 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 Spain

In 2021, the Spanish market for polyethylene with a specific gravity of less than X, in primary forms decreased by -15.8% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption recorded a perceptible downturn. As a result, consumption attained 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 Spain

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms reduced slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 14%. Production of peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports from Spain

Exports of polyethylene with a specific gravity of less than X, in primary forms from Spain rose notably to X tons in 2021, increasing by 9.9% against 2020. Over the period under review, 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 increased by +16.2% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 22%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, 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 exports of polyethylene with a specific gravity of less than X, in primary forms from Spain, together accounting for 50% of total exports. These countries were followed by Germany, Turkey, Greece, the UK, China, the Netherlands, Poland, Belgium, India and Brazil, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +22.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) constituted the largest markets for polyethylene with a specific gravity of less than X exported from Spain worldwide, with a combined 54% share of total exports. Germany, Turkey, Greece, the Netherlands, Belgium, China, the UK, Poland, India and Brazil lagged somewhat behind, together comprising a further 30%.

Greece, with a CAGR of +17.4%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, increasing by 65% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to the UK ($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 Greece (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were imported into Spain; waning by -2.9% against the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 22%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; 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.

Imports by Country

Belgium (X tons), France (X tons) and Portugal (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Spain, with a combined 38% share of total imports. Qatar, Germany, the Netherlands, the United States, Saudi Arabia, Italy, South Korea, Brazil, the UK and Sweden lagged somewhat behind, together comprising a further 48%.

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 +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Portugal ($X) appeared to be the largest polyethylene with a specific gravity of less than X suppliers to Spain, together accounting for 38% of total imports. Germany, the Netherlands, Qatar, the United States, Italy, Saudi Arabia, South Korea, Brazil, the UK and Sweden lagged somewhat behind, together accounting for a further 47%.

Among the main suppliers, the United States, with a CAGR of +41.6%, recorded 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 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, surging by 63% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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