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

In 2023, the global market for polyethylene with a specific gravity of less than X, in primary forms decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the global market remained at a somewhat lower figure.

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 rose remarkably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, global production of growth remained at a lower figure.

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

Exports

In 2023, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports of reached the peak figure at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms dropped remarkably to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the global exports of failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) and the United States (X tons) represented the largest exporters of polyethylene with a specific gravity of less than X, in primary forms in 2023, accounting for near X% and X% of total exports, respectively. Iran (X tons) took the next position in the ranking, followed by Belgium (X tons). All these countries together took approx. X% share of total exports. The following exporters - Singapore (X tons), Thailand (X tons), the Netherlands (X tons), Malaysia (X tons), the United Arab Emirates (X tons), South Korea (X tons), Germany (X tons), Canada (X tons) and France (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United States ($X) and Iran ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of global exports. Belgium, the Netherlands, South Korea, the United Arab Emirates, Germany, Thailand, Malaysia, Singapore, France and Canada lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded 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 2023, reducing by X% against the previous year. Overall, the export price recorded a mild setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

In 2023, the amount of polyethylene with a specific gravity of less than X, in primary forms imported worldwide shrank to X tons, which is down by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Global imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms fell sharply to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of global imports of failed to regain momentum.

Imports by Country

In 2023, China (X tons), distantly followed by India (X tons) and Turkey (X tons) represented the major importers of polyethylene with a specific gravity of less than X, in primary forms, together making up X% of total imports. Singapore (X tons), Vietnam (X tons), Germany (X tons), Italy (X tons), Belgium (X tons), Mexico (X tons), the United States (X tons), Poland (X tons), Indonesia (X tons) and France (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Vietnam (X%), Mexico (X%), the United States (X%), India (X%), Indonesia (X%) and Poland (X%) displayed positive paces of growth. Singapore and Italy experienced a relatively flat trend pattern. By contrast, France (X%), Germany (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Turkey (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Belgium (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform