U.S.: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in the U.S.

In 2022, the U.S. polyethylene binder market increased by 33% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyethylene Binder Production in the U.S.

In value terms, polyethylene binder production expanded significantly to $X in 2022. Overall, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 34% against the previous year. Polyethylene binder production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Polyethylene Binder Exports

Exports from the U.S.

In 2022, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a drastic downturn. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polyethylene binder exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Switzerland (X tons) and Canada (X tons) were the main destinations of polyethylene binder exports from the United States, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +60.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for polyethylene binder exported from the United States were Mexico ($X), Canada ($X) and Switzerland ($X), with a combined 94% share of total exports.

Switzerland, with a CAGR of +61.6%, recorded 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 a decline.

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, growing by 3.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Switzerland ($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 Mexico (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Polyethylene Binder Imports

Imports into the U.S.

In 2022, the amount of polyethylene or polypropylene binder or baler (agricultural) twines imported into the United States expanded significantly to X tons, increasing by 8.8% against 2021 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +74.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, polyethylene binder imports surged to $X in 2022. Overall, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Portugal (X tons), Vietnam (X tons) and Turkey (X tons) were the main suppliers of polyethylene binder imports to the United States, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +54.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Vietnam ($X) and Turkey ($X) were the largest polyethylene binder suppliers to the United States, with a combined 77% share of total imports.

Turkey, with a CAGR of +54.9%, recorded 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

In 2022, the average polyethylene binder import price amounted to $X per ton, growing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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