Plastics in Primary Forms Market
Plastics in primary forms market: download new statistics secured by an Ai-driven BI platform. Data contain imports, market size, consumption, companies, production, exports, trade, and market prices. Here is a breakdown by region, including the Middle East, the U.S., Africa, Latin America, the U.K., EU, China, and Russia. Market trends and forecast to 2030 are also provided in the reports.
Plastics in Primary Forms - World's Largest Markets
In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.
From 2018 to 2020, the average annual growth rate of value in China totaled -1.2%. In the other countries, the average annual rates were as follows: the United States (-3.2% per year) and India (+1.9% per year).
Plastics in Primary Forms Prices
Lowest Prices - FOB - Top Exporters
|USD per ton|
|United Arab Emirates||1361||1117||1018||-13.5%|
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($2,748 per ton), while Saudi Arabia ($928 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
|USD per ton|
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($2,081 per ton), while Turkey ($1,217 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced a decline in the import price figures.
Plastics in Primary Forms - Top Importers
In value terms, China ($45.6B) constitutes the largest market for imported plastics in primary formses worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Germany ($15.6B), with a 6% share of global imports. It was followed by the United States, with a 4.2% share.
In China, plastics in primary forms imports plunged by an average annual rate of -4.2% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (-13.8% per year) and the United States (-13.7% per year).
Plastics in Primary Forms - Top Exporters
In value terms, the largest plastics in primary forms supplying countries worldwide were the United States ($28.5B), Germany ($20.7B) and South Korea ($19.4B), together accounting for 29% of global exports. Belgium, Saudi Arabia, China, the Netherlands, Japan, Singapore, France, Thailand, the United Arab Emirates and Malaysia lagged somewhat behind, together accounting for a further 44%.
In terms of the main exporting countries, Belgium recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.
Plastics in Primary Forms - Market Forecast
Driven by rising demand for plastics in primary forms worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Plastics in Primary Forms - Product Coverage
- HS 3901 - Polymers of ethylene, in primary forms
- HS 99 - Commodities not specified according to kind
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