Austria: Ethylene Market 2024

Ethylene Market Size in Austria

In 2021, after four years of decline, there was significant growth in the Austrian ethylene market, when its value increased by 10% to $X. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.7% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Ethylene Production in Austria

In value terms, ethylene production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.3% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 71%. Ethylene production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Ethylene Exports

Exports from Austria

In 2021, approx. X tons of ethylene were exported from Austria; dropping by -97.3% against the year before. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 2,428%. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, ethylene exports declined dramatically to $X in 2021. In general, exports saw a noticeable decline. The growth pace was the most rapid in 2020 when exports increased by 2,417% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

The Czech Republic (X kg), Croatia (X kg) and Hungary (X kg) were the main destinations of ethylene exports from Austria, with a combined 94% share of total exports. These countries were followed by Slovenia and Latvia, which together accounted for a further 4.5%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +900.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Croatia ($X) and Hungary ($X) appeared to be the largest markets for ethylene exported from Austria worldwide, together accounting for 94% of total exports.

The Czech Republic, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average ethylene export price amounted to $X per ton, picking up by 7.6% against the previous year. Overall, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Croatia ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Imports

Imports into Austria

In 2021, purchases abroad of ethylene was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a moderate increase. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ethylene imports surged to $X in 2021. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 179%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) was the main ethylene supplier to Austria, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +5.0%.

In value terms, Germany ($X) constituted the largest supplier of ethylene to Austria.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +8.2%.

Import Prices by Country

In 2021, the average ethylene import price amounted to $X per ton, waning by -10.8% against the previous year. In general, the import price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2015 an increase of 91% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +3.0% per year.

Source: IndexBox Platform

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