U.S.: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in the U.S.

In 2021, the U.S. polyethylene glycol and polyether market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a mild downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polyethylene Glycols and Polyethers in Primary Forms in the U.S.

In value terms, polyethylene glycol and polyether production expanded slightly to $X in 2021. Overall, production, however, recorded a perceptible slump. Polyethylene glycol and polyether production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from the U.S.

Polyethylene glycol and polyether exports from the United States totaled X tons in 2021, standing approx. at the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 10%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Brazil (X tons) were the main destinations of polyethylene glycol and polyether exports from the United States, with a combined 48% share of total exports. These countries were followed by Belgium, China, Taiwan (Chinese), Colombia, Argentina, Indonesia, Thailand, Japan, Chile and India, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +29.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol and polyether exported from the United States were Mexico ($X), Canada ($X) and Belgium ($X), with a combined 47% share of total exports. China, Brazil, Taiwan (Chinese), Japan, Colombia, India, Argentina, Thailand, Indonesia and Chile lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Indonesia, with a CAGR of +22.7%, recorded the highest growth rate of 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 average polyethylene glycol and polyether export price stood at $X per ton in 2021, increasing by 22% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. 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 for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into the U.S.

In 2021, supplies from abroad of polyethylene glycols and polyethers in primary forms was finally on the rise to reach X tons after two years of decline. In general, imports showed a prominent expansion. 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 surged to $X in 2021. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyethylene glycol and polyether imports to the United States, with a combined 63% share of total imports. These countries were followed by Germany, Austria, Canada, Belgium, Thailand, Singapore, Japan, Mexico and the Netherlands, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +161.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to the United States were South Korea ($X), China ($X) and Japan ($X), together comprising 56% of total imports. These countries were followed by Germany, Taiwan (Chinese), Austria, Canada, Singapore, Belgium, Mexico, Thailand and the Netherlands, which together accounted for a further 35%.

Among the main suppliers, Austria, with a CAGR of +123.5%, 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 average polyethylene glycol and polyether import price amounted to $X per ton, jumping by 17% against the previous year. Overall, the import price, however, recorded a noticeable descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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