Ukraine: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in Ukraine

In 2022, after three years of growth, there was decline in the Ukrainian polyethylene binder market, when its value decreased by -4.1% to $X. Overall, consumption saw a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Polyethylene Binder Production in Ukraine

In value terms, polyethylene binder production dropped to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 9.5%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polyethylene Binder Exports

Exports from Ukraine

Polyethylene binder exports from Ukraine fell significantly to X tons in 2022, shrinking by -75.8% against 2021 figures. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 180% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, polyethylene binder exports plummeted to $X in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 60%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for polyethylene binder exports from Ukraine, accounting for a 92% share of total exports. Moreover, polyethylene binder exports to Germany exceeded the volume sent to the second major destination, Moldova (X kg), more than tenfold. Estonia (X kg) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-15.2% per year) and Estonia (+4.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Ukraine, comprising 85% of total exports. The second position in the ranking was held by Estonia ($X), with an 8.2% share of total exports. It was followed by Moldova, with a 6% 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: Estonia (+7.7% per year) and Moldova (-20.3% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, reducing by -20.8% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 53% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Germany ($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 Estonia (+3.6%), while the prices for the other major destinations experienced a decline.

Polyethylene Binder Imports

Imports into Ukraine

In 2022, purchases abroad of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -23.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, polyethylene binder imports declined to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 35%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of polyethylene binder to Ukraine, with a 56% share of total imports. Moreover, polyethylene binder imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Finland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.1% per year) and Finland (+27.6% per year).

In value terms, Hungary ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Ukraine, comprising 52% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.8% per year) and the Czech Republic (-5.8% per year).

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and the Czech Republic ($X per ton), while the price for Hungary ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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