United Kingdom: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in the UK

The UK polyethylene in primary forms market soared to $X in 2021, increasing by 43% against the previous year. In general, consumption, however, saw a mild setback. Polyethylene in primary forms consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in the UK

In value terms, polyethylene in primary forms production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. Polyethylene in primary forms production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from the UK

In 2021, shipments abroad of polyethylene in primary forms decreased by -12.9% to X tons, falling for the third consecutive year after four years of growth. Overall, exports saw a noticeable downturn. The growth pace was the most rapid in 2017 when exports increased by 16% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports skyrocketed to $X in 2021. In general, exports saw a noticeable shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and France (X tons) were the main destinations of polyethylene in primary forms exports from the UK, together accounting for 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +23.4%), while the other leaders experienced a decline.

In value terms, the Netherlands ($X), Belgium ($X) and Ireland ($X) constituted the largest markets for polyethylene in primary forms exported from the UK worldwide, together comprising 77% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +24.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, with an increase of 51% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($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 Italy (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into the UK

Polyethylene in primary forms imports into the UK shrank to X tons in 2021, therefore, remained relatively stable against the year before. Over the period under review, imports showed a mild downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 8.1% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, polyethylene in primary forms imports soared to $X in 2021. In general, imports saw a slight curtailment. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of polyethylene in primary forms imports to the UK, with a combined 59% share of total imports. These countries were followed by France, the United States, Saudi Arabia, Egypt, Ireland, Spain, Italy, Turkey and Hungary, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +80.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms suppliers to the UK were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined 60% share of total imports. These countries were followed by France, the United States, Saudi Arabia, Egypt, Ireland, Italy, Spain, Turkey and Hungary, which together accounted for a further 28%.

Egypt, with a CAGR of +79.2%, saw the highest rates of growth with regard to the value of imports, among 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, rising by 45% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Germany ($X per ton), while the price for Hungary ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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