Report Update: Apr 1, 2024

China - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Price for Polyethylene in Primary Forms in China - 2023

Price for Polyethylene in Primary Forms in China (CIF) - 2023

The average polyethylene in primary forms import price stood at $1,069 per ton in June 2023, falling by -1.7% against the previous month. Over the period under review, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in March 2023 an increase of 2.2% m-o-m. Over the period under review, average import prices reached the peak figure at $1,356 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from South Korea ($1,235 per ton) and Thailand ($1,137 per ton), while the price for Russia ($891 per ton) and Iran ($929 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Polyethylene in Primary Forms in China (FOB) - 2023

The average polyethylene in primary forms export price stood at $1,316 per ton in June 2023, reducing by -1.8% against the previous month. In general, the export price saw a noticeable setback. The pace of growth was the most pronounced in September 2022 an increase of 6.6% against the previous month. As a result, the export price reached the peak level of $1,921 per ton. From October 2022 to June 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($2,077 per ton), while the average price for exports to Bangladesh ($1,075 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene in Primary Forms in China

In 2022, purchases abroad of polyethylene in primary forms decreased by -2.5% to 9.4M tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 9.3%. As a result, imports attained the peak of 12M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene in primary forms imports reached $11.7B in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 3.3% against the previous year.

Import of Polyethylene in Primary Forms in China (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iran	2.3	1.8	2.3	2.2	-1.5%
Saudi Arabia	2.7	2.2	1.9	1.9	-11.1%
United Arab Emirates	0.7	1.4	1.8	1.8	37.0%
South Korea	1.2	1.2	1.3	1.4	5.3%
United States	0.5	0.6	0.6	0.9	21.6%
Qatar	0.6	0.5	0.7	0.6	0.0%
Russia	0.1	0.5	0.4	0.6	81.7%
India	0.5	0.4	0.1	0.1	-41.5%
Others	3.1	2.7	2.5	2.3	-9.5%
Total	11.8	11.3	11.7	11.7	-0.3%

Top Suppliers of Polyethylene in Primary Forms to China in 2022:

India (undefinedM tons)
Iran (1.9M tons)
Saudi Arabia (1.7M tons)
United Arab Emirates (1.6M tons)
South Korea (1.0M tons)
United States (0.6M tons)
Qatar (0.5M tons)
Russia (0.5M tons)

Exports of Polyethylene in Primary Forms in China

In 2022, the amount of polyethylene in primary forms exported from China surged to 536K tons, jumping by 24% compared with 2021 figures. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, polyethylene in primary forms exports skyrocketed to $930M in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Polyethylene in Primary Forms in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	46.3	44.5	90.7	111	33.8%
Malaysia	27.2	24.5	31.0	51.0	23.3%
Philippines	3.6	3.0	9.5	47.9	137.0%
Russia	1.0	0.9	0.8	43.4	251.4%
Indonesia	9.1	8.4	23.0	38.5	61.7%
Saudi Arabia	4.2	3.6	17.5	34.2	101.2%
South Korea	7.2	16.1	31.3	29.2	59.5%
Bangladesh	2.9	2.5	6.5	26.5	109.1%
Cambodia	4.5	7.4	21.1	25.7	78.7%
Pakistan	4.8	8.3	17.7	24.7	72.6%
Australia	4.2	3.0	3.8	21.4	72.1%
United Arab Emirates	9.0	4.0	12.1	21.4	33.5%
India	8.5	8.3	12.3	19.8	32.6%
Others	238	186	430	434	22.2%
Total	370	321	707	930	36.0%

Top Export Markets for Polyethylene in Primary Forms from China in 2022:

Vietnam (64.1K tons)
Philippines (28.4K tons)
Russia (25.6K tons)
Saudi Arabia (21.8K tons)
Bangladesh (19.5K tons)
Malaysia (18.4K tons)
Pakistan (16.9K tons)
South Korea (14.5K tons)
Indonesia (14.2K tons)
United Arab Emirates (13.7K tons)
Cambodia (13.4K tons)
India (12.5K tons)
Australia (11.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polyethylene in primary forms in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023