Northern America: Market for Polyethylene in Primary Forms 2022

Market Size for Polyethylene in Primary Forms in Northern America

In 2021, the North American polyethylene in primary forms market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Northern America

In value terms, polyethylene in primary forms production rose modestly to $X in 2021 estimated in export price. In general, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene in Primary Forms

Exports in Northern America

In 2021, after three years of growth, there was significant decline in overseas shipments of polyethylene in primary forms, when their volume decreased by -X% to X tons. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then declined notably in the following year.

In value terms, polyethylene in primary forms exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Canada (X tons), comprising a X% share of total exports.

The United States was also the fastest-growing in terms of the polyethylene in primary forms exports, with a CAGR of +X% from 2012 to 2021. At the same time, Canada (+X%) displayed positive paces of growth. While the share of the United States (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest polyethylene in primary forms supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, polyethylene in primary forms exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Imports of Polyethylene in Primary Forms

Imports in Northern America

For the fourth consecutive year, Northern America recorded growth in overseas purchases of polyethylene in primary forms, which increased by X% to X tons in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 United States was the largest importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

The United States was also the fastest-growing in terms of the polyethylene in primary forms imports, with a CAGR of +X% from 2012 to 2021. At the same time, Canada (+X%) displayed positive paces of growth. The United States (+X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported polyethylene in primary forms in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +X%.

Import Prices by Country

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

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform