Price for Ethylene Polymers; Waste, Parings and Scrap in Luxembourg - 2023

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Luxembourg (FOB) - 2023
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Luxembourg (CIF) - 2023
3. Exports of Ethylene Polymers; Waste, Parings and Scrap in Luxembourg
4. Imports of Ethylene Polymers; Waste, Parings and Scrap in Luxembourg

Price for Ethylene Polymers; Waste, Parings and Scrap in Luxembourg (FOB) - 2023

The average export price for ethylene polymers; waste, parings and scraps stood at $534 per ton in October 2023, with an increase of 18% against the previous month. Over the period under review, export price indicated a measured increase from October 2022 to October 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for ethylene polymers; waste, parings and scraps increased by +415.0% against May 2023 indices. The pace of growth was the most pronounced in June 2023 when the average export price increased by 380% month-to-month. Over the period under review, the average export prices attained the peak figure in October 2023.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Germany ($621 per ton), while the average price for exports to Belgium ($188 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Ethylene Polymers; Waste, Parings and Scrap in Luxembourg (CIF) - 2023

The average import price for ethylene polymers; waste, parings and scraps stood at $868 per ton in October 2023, surging by 9.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 19% m-o-m. As a result, import price attained the peak level of $1,014 per ton. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Belgium ($931 per ton), while the price for Germany ($820 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Ethylene Polymers; Waste, Parings and Scrap in Luxembourg

In 2022, shipments abroad of ethylene polymers; waste, parings and scraps decreased by -11.1% to 8.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports reached the peak of 9.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ethylene polymers; waste, parings and scraps dropped to $4.9M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 80%. As a result, the exports attained the peak of $5.2M, and then contracted in the following year.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Luxembourg in 2022:

1. Germany (5.8K tons)
2. France (1.2K tons)
3. Netherlands (0.5K tons)
4. Belgium (0.5K tons)
5. Ireland (0.1K tons)

Imports of Ethylene Polymers; Waste, Parings and Scrap in Luxembourg

After three years of growth, supplies from abroad of ethylene polymers; waste, parings and scraps decreased by -26.5% to 4.2K tons in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 85%. As a result, imports attained the peak of 5.7K tons, and then fell rapidly in the following year.

In value terms, imports of ethylene polymers; waste, parings and scraps reduced dramatically to $3.9M in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 155%. As a result, imports attained the peak of $4.9M, and then declined sharply in the following year.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Luxembourg in 2022:

1. Belgium (2771.7 tons)
2. Germany (918.0 tons)
3. Czech Republic (231.1 tons)
4. France (164.9 tons)
5. Netherlands (74.4 tons)

Source: IndexBox Market Intelligence Platform