Global Polyethylene Binder Market 2025

Polyethylene Binder Market Size

In 2022, the global polyethylene binder market increased by 2.1% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 3.8%. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Polyethylene Binder Production

In value terms, polyethylene binder production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 4.3%. Over the period under review, global production hit record highs at $X in 2016; afterwards, it flattened through to 2022.

Polyethylene Binder Exports

Exports

In 2022, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -5.7% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the global exports failed to regain momentum.

In value terms, polyethylene binder exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 12% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Portugal represented the main exporter of polyethylene or polypropylene binder or baler (agricultural) twines in the world, with the volume of exports reaching X tons, which was approx. 38% of total exports in 2022. Hungary (X tons) held the second position in the ranking, followed by China (X tons), Vietnam (X tons) and Turkey (X tons). All these countries together held approx. 32% share of total exports. Russia (X tons), Poland (X tons), the Czech Republic (X tons), Serbia (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to polyethylene binder exports from Portugal stood at +2.9%. At the same time, Turkey (+34.9%), Vietnam (+20.9%), Hungary (+12.8%), Germany (+2.4%) and Serbia (+2.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.9% from 2012-2022. Russia and Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (-3.5%) and China (-3.7%) illustrated a downward trend over the same period. While the share of Hungary (+8.8 p.p.), Vietnam (+5 p.p.), Turkey (+4.8 p.p.) and Portugal (+3.4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Czech Republic (-2.3 p.p.) and China (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest polyethylene binder supplier worldwide, comprising 36% of global exports. The second position in the ranking was taken by Hungary ($X), with a 15% share of global exports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Portugal stood at +3.8%. In the other countries, the average annual rates were as follows: Hungary (+14.6% per year) and China (-2.9% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, picking up by 7.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 15% against the previous year. The global export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Germany ($X per ton), while Vietnam ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+3.0%), while the other global leaders experienced more modest paces of growth.

Polyethylene Binder Imports

Imports

In 2022, the amount of polyethylene or polypropylene binder or baler (agricultural) twines imported worldwide reached X tons, picking up by 1.6% on 2021 figures. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 16%. Global imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, polyethylene binder imports stood at $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 16%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by France (X tons), Germany (X tons), the UK (X tons) and Canada (X tons) represented the main importers of polyethylene or polypropylene binder or baler (agricultural) twines, together mixing up 48% of total imports. Spain (X tons), Romania (X tons), Japan (X tons), Italy (X tons), Russia (X tons), Australia (X tons), Belgium (X tons) and Denmark (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +7.1% from 2012 to 2022. At the same time, Spain (+14.9%), Romania (+8.3%), Russia (+7.8%), Australia (+7.6%), Canada (+2.9%), Germany (+2.3%) and the UK (+1.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +14.9% from 2012-2022. France and Denmark experienced a relatively flat trend pattern. By contrast, Italy (-2.2%), Japan (-2.7%) and Belgium (-3.9%) illustrated a downward trend over the same period. The United States (+6.4 p.p.) and Spain (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while Italy, Belgium, Japan and France saw its share reduced by -1.7%, -1.7%, -2% and -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported polyethylene or polypropylene binder or baler (agricultural) twines worldwide, comprising 22% of global imports. The second position in the ranking was held by France ($X), with a 9.4% share of global imports. It was followed by Germany, with a 7.1% share.

In the United States, polyethylene binder imports expanded at an average annual rate of +8.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+1.9% per year) and Germany (+2.8% per year).

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, with an increase of 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Global import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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