Overview of the Global Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

The global market for polyethylene with a specific gravity of less than X, in primary forms fell modestly to $X in 2021, reducing by -4.3% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 14% against the previous year. Global production 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

In 2021, after six years of growth, there was decline in overseas shipments of polyethylene with a specific gravity of less than X, in primary forms, when their volume decreased by -0.8% to X tons. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18%. The global exports peaked at X tons in 2020, and then reduced slightly in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The global exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Saudi Arabia (X tons), distantly followed by the United States (X tons), Belgium (X tons), Singapore (X tons), the Netherlands (X tons) and Iran (X tons) were the largest exporters of polyethylene with a specific gravity of less than X, in primary forms, together generating 54% of total exports. The United Arab Emirates (X tons), Thailand (X tons), Germany (X tons), South Korea (X tons), Malaysia (X tons), France (X tons) and Spain (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to polyethylene with a specific gravity of less than X exports from Saudi Arabia stood at +2.5%. At the same time, the United Arab Emirates (+12.6%), Spain (+5.6%), the United States (+5.3%), Iran (+4.0%), Malaysia (+3.7%), Belgium (+2.5%), Singapore (+2.0%) and the Netherlands (+1.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.6% from 2012-2021. South Korea and France experienced a relatively flat trend pattern. By contrast, Germany (-1.7%) and Thailand (-2.3%) illustrated a downward trend over the same period. While the share of the United States (+2.4 p.p.) and the United Arab Emirates (+2.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.6 p.p.) and Thailand (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United States ($X) and Belgium ($X) were the countries with the highest levels of exports in 2021, together comprising 36% of global exports. These countries were followed by the Netherlands, Singapore, Germany, Iran, the United Arab Emirates, South Korea, Thailand, France, Spain and Malaysia, which together accounted for a further 39%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +13.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 51% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported worldwide amounted to X tons, surging by 2.7% on 2020 figures. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 5.6%. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

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 reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by Turkey (X tons) and Germany (X tons) were the key importers of polyethylene with a specific gravity of less than X, in primary forms, together achieving 24% of total imports. Belgium (X tons), Italy (X tons), Singapore (X tons), Vietnam (X tons), India (X tons), Poland (X tons), the United States (X tons), Mexico (X tons), France (X tons) and the Netherlands (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to polyethylene with a specific gravity of less than X imports into China stood at +7.7%. At the same time, Vietnam (+8.2%), Turkey (+7.7%), the United States (+5.7%), Mexico (+5.2%), Poland (+4.0%), Italy (+2.0%) and the Netherlands (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +8.2% from 2012-2021. Singapore experienced a relatively flat trend pattern. By contrast, Germany (-1.5%), France (-1.6%), Belgium (-1.9%) and India (-2.0%) illustrated a downward trend over the same period. China (+5.1 p.p.), Turkey (+1.8 p.p.) and Vietnam (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Belgium and Germany saw its share reduced by -1.9% and -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms worldwide, comprising 13% of global imports. The second position in the ranking was held by Germany ($X), with a 6% share of global imports. It was followed by Turkey, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Turkey (+6.2% per year).

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 47% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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