Overview of the Global Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

In 2022, the global market for polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the global market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt curtailment. Global production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports

In 2022, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported worldwide soared to X tons, growing by X% on 2021. Overall, exports, however, recorded a precipitous shrinkage. The global exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022. Over the period under review, exports, however, showed a precipitous shrinkage. Over the period under review, the global exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mexico (X tons) represented the main exporter of polyethylene terephthalate and other polyethylene terephthalate in primary forms, committing X% of total exports. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%) and Iran (X%). The following exporters - Oman (X tons), Peru (X tons), Saudi Arabia (X tons), Indonesia (X tons), Vietnam (X tons) and Morocco (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplying countries worldwide were Mexico ($X), Egypt ($X) and India ($X), together accounting for X% of global exports.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in India ($X per ton) and Morocco ($X per ton), while Peru ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports

In 2022, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Global imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted to $X in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of global imports of failed to regain momentum.

Imports by Country

Japan represented the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Vietnam (X tons), Indonesia (X tons), Nigeria (X tons) and Bangladesh (X tons), together creating a X% share of total imports. The following importers - Iran (X tons), Peru (X tons), South Korea (X tons), Mexico (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene terephthalate and other polyethylene terephthalate in primary forms imports into Japan stood at X%. At the same time, Nigeria (X%), South Korea (X%), Taiwan (Chinese) (X%), Indonesia (X%), Iran (X%), Vietnam (X%), Bangladesh (X%) and Peru (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), Indonesia (X p.p.), Vietnam (X p.p.), Nigeria (X p.p.), Iran (X p.p.), Bangladesh (X p.p.), South Korea (X p.p.) and Peru (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms worldwide, comprising X% of global imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of global imports. It was followed by Indonesia, with a X% share.

In Japan, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Mexico ($X per ton), while Bangladesh ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform