EU: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in the EU

In 2021, after two years of decline, there was significant growth in the EU polyethylene glycol and polyether market, when its value increased by 38% to $X. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Glycols and Polyethers in Primary Forms in the EU

In value terms, polyethylene glycol and polyether production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in the EU

Polyethylene glycol and polyether exports was estimated at X tons in 2021, growing by 5.7% compared with the previous year. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.8% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons), distantly followed by Belgium (X tons), Germany (X tons), Spain (X tons) and France (X tons) were the largest exporters of polyethylene glycols and polyethers in primary forms, together constituting 88% of total exports. Italy (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +10.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 71% share of total exports. These countries were followed by Spain, Italy, France and Romania, which together accounted for a further 23%.

Romania, with a CAGR of +14.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, jumping by 40% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.1%), while the other leaders experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in the EU

In 2021, overseas purchases of polyethylene glycols and polyethers in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of polyethylene glycol and polyether imports in 2021 were Germany (X tons), Italy (X tons), Belgium (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons) and France (X tons), together resulting at 77% of total import. The following importers - Portugal (X tons), Romania (X tons), Hungary (X tons), Austria (X tons) and the Czech Republic (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +7.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 46% of total imports. These countries were followed by Poland, the Netherlands, France, Spain, Portugal, Romania, Hungary, Austria and the Czech Republic, which together accounted for a further 45%.

In terms of the main importing countries, Portugal, with a CAGR of +8.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and Austria ($X per ton), while Spain ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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