Eastern Europe: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Eastern Europe

The East European ethylene polymer bag market amounted to $X in 2022, growing by 3.1% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ethylene Polymer Bag Production in Eastern Europe

In value terms, ethylene polymer bag production declined to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports in Eastern Europe

In 2022, approx. X tons of sacks and bags of polymers of ethylene were exported in Eastern Europe; picking up by 1.7% on 2021 figures. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.8% against 2012 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 14% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, ethylene polymer bag exports rose significantly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Poland (X tons) was the main exporter of sacks and bags of polymers of ethylene, making up 53% of total exports. Bulgaria (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (8.9%), the Czech Republic (7%), Slovakia (6.6%) and Hungary (4.7%). Russia (X tons) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +8.6% from 2012 to 2022. At the same time, Russia (+15.3%), Bulgaria (+5.8%), Hungary (+3.9%), Lithuania (+2.2%) and the Czech Republic (+2.0%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +15.3% from 2012-2022. By contrast, Slovakia (-1.8%) illustrated a downward trend over the same period. While the share of Poland (+14 p.p.) and Russia (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-2.7 p.p.), Lithuania (-3.2 p.p.) and Slovakia (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest ethylene polymer bag supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 9.5% share of total exports. It was followed by Lithuania, with an 8% share.

In Poland, ethylene polymer bag exports increased at an average annual rate of +9.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bulgaria (+6.2% per year) and Lithuania (+2.9% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of 7.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.5%), while the other leaders experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports in Eastern Europe

In 2022, approx. X tons of sacks and bags of polymers of ethylene were imported in Eastern Europe; growing by 7.7% on the year before. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 14%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, ethylene polymer bag imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the five major importers of sacks and bags of polymers of ethylene, namely Poland, the Czech Republic, Romania, Hungary and Russia, represented more than two-thirds of total import. It was distantly followed by Slovakia (X tons), generating a 4.8% share of total imports. Latvia (X tons) and Estonia (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +10.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 55% of total imports.

Romania, with a CAGR of +7.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 14%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Slovakia ($X per ton) and the Czech Republic ($X per ton), while Romania ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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