Report Update Nov 1, 2024

World - Ethylene - Market Analysis, Forecast, Size, Trends and Insights

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Global Ethylene Market 2024

Ethylene Market Size

The global ethylene market contracted modestly to $X in 2021, approximately mirroring the previous year. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.6% against the previous year. Global consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Ethylene Production

In value terms, ethylene production totaled $X in 2021 estimated in export price. Overall, production showed a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 10% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Ethylene Exports

Exports

In 2021, approx. X tons of ethylene were exported worldwide; increasing by 4.4% on 2020 figures. The total export volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 5.9% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, ethylene exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a slight downturn. The global exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of ethylene, namely South Korea, the Netherlands, the United States and Japan, represented more than third of total export. It was distantly followed by Norway (X tons), comprising a 6% share of total exports. The following exporters - Singapore (X tons), Germany (X tons), Malaysia (X tons), Belgium (X tons), the UK (X tons), Italy (X tons), China (X tons) and the United Arab Emirates (X tons) - together made up 28% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +198.7%), while the other global leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the Netherlands ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 39% of global exports. These countries were followed by the United States, Norway, Singapore, Belgium, the UK, Germany, Malaysia, the United Arab Emirates, China and Italy, which together accounted for a further 42%.

China, with a CAGR of +167.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average ethylene export price stood at $X per ton in 2021, jumping by 38% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the UK ($X per ton) and Belgium ($X per ton), while the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-0.2%), while the other global leaders experienced a decline in the export price figures.

Ethylene Imports

Imports

In 2021, purchases abroad of ethylene decreased by -1.7% to X tons, falling for the second consecutive year after five years of growth. 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 pace of growth was the most pronounced in 2016 with an increase of 5.4% against the previous year. Over the period under review, global imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ethylene imports skyrocketed to $X in 2021. In general, imports continue to indicate a mild descent. Over the period under review, global imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons) and Belgium (X tons) represented roughly 53% of total imports in 2021. Indonesia (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Germany (7.4%) and Taiwan (Chinese) (6%). The Netherlands (X tons), South Korea (X tons), Sweden (X tons), Spain (X tons) and France (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +5.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest ethylene importing markets worldwide were China ($X), Belgium ($X) and Indonesia ($X), together accounting for 66% of global imports. These countries were followed by Germany, Taiwan (Chinese), the Netherlands, South Korea, Sweden, France and Spain, which together accounted for a further 25%.

France, with a CAGR of +4.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ethylene import price amounted to $X per ton, jumping by 37% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. Over the period under review, average import prices hit record highs 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 importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Spain ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.5%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene in the world?

The country with the largest volume of ethylene consumption was China, comprising approx. 23% of total volume. Moreover, ethylene consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 9% share.

What are the largest producers of ethylene in the world?

China remains the largest ethylene producing country worldwide, accounting for 22% of total volume. Moreover, ethylene production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 9.3% share.

What are the leading exporters of ethylene in the world?

In value terms, the Netherlands, South Korea and Japan constituted the countries with the highest levels of exports in 2021, together comprising 36% of global exports. These countries were followed by the United States, Iran, Singapore, Belgium, the UK, Germany, Malaysia, the United Arab Emirates, Italy and Norway, which together accounted for a further 44%.

What are the leading importers of ethylene in the world?

In value terms, the largest ethylene importing markets worldwide were China, Belgium and Indonesia, with a combined 63% share of global imports.

What is the average export price for ethylene in the world?

In 2021, the average ethylene export price amounted to $930 per ton, increasing by 25% against the previous year.

What is the average import price for ethylene in the world?

The average ethylene import price stood at $903 per ton in 2021, growing by 19% against the previous year.

This report provides an in-depth analysis of the global ethylene market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141130 - Ethylene

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Exxon Mobil Corporation, Chevron Philips Chemical Company LLC, The Dow Chemical Company, Saudi Basic Industries Corporation, Sinopec Corporation, Lyondell Basell Industries, Royal Dutch Shell PLC., INEOS Group AG, Lonza Group, BASF SE, Kazanorgsintez, Sibur, Versalis S.p.A., Nizhnekamskneftekhim, Tasnee, Saudikayan, ARG mbH & Co. KG, Vynova, Borealis, Andronaco Industries

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023