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

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Europe

In 2021, the Europe polyethylene glycol and polyether market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. 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 Europe

In value terms, polyethylene glycol and polyether production surged to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Europe

For the third year in a row, Europe recorded growth in overseas shipments of polyethylene glycols and polyethers in primary forms, which increased by 6% to X tons in 2021. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. 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 surged to $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 main exporters of polyethylene glycols and polyethers in primary forms, together generating 83% of total exports. The following exporters - the UK (X tons) and Italy (X tons) - each recorded a 7.2% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 66% share of total exports. These countries were followed by Spain, Italy, the UK and France, which together accounted for a further 23%.

Among the main exporting countries, the UK, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, growing by 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, the export price reached 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 Italy (+3.8%), while the other leaders experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Europe

In 2021, after two years of decline, there was significant growth in purchases abroad of polyethylene glycols and polyethers in primary forms, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Total imports indicated a resilient increase 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. 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), France (X tons), Russia (X tons) and the UK (X tons), together reaching 76% of total import. Portugal (X tons), Romania (X tons), Hungary (X tons) and Switzerland (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether importing markets in Europe were Germany ($X), Italy ($X) and Belgium ($X), with a combined 38% share of total imports. These countries were followed by Poland, the Netherlands, the UK, France, Spain, Russia, Portugal, Romania, Switzerland and Hungary, which together accounted for a further 47%.

Among 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 Europe amounted to $X per ton, rising by 39% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price attained 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 ($X per ton) and Switzerland ($X per ton), while Spain ($X per ton) and Russia ($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 Market Intelligence Platform

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