United Kingdom: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in the UK

The UK ethylene polymer bag market reduced slightly to $X in 2022, standing approx. at the previous year. In general, consumption showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 0.9%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ethylene Polymer Bag Production in the UK

In value terms, ethylene polymer bag production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2017 with an increase of 15%. Ethylene polymer bag production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Ethylene Polymer Bag Exports

Exports from the UK

After two years of decline, overseas shipments of sacks and bags of polymers of ethylene increased by 1.5% to X tons in 2022. Over the period under review, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer bag exports shrank modestly to $X in 2022. In general, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2018 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for ethylene polymer bag exports from the UK, accounting for a 28% share of total exports. Moreover, ethylene polymer bag exports to Ireland exceeded the volume sent to the second major destination, Germany (X tons), threefold. France (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.3% per year) and France (-6.3% per year).

In value terms, Ireland ($X) remains the key foreign market for sacks and bags of polymers of ethylene exports from the UK, comprising 20% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by France, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Ireland amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.1% per year) and France (-5.3% per year).

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into the UK

In 2022, approx. X tons of sacks and bags of polymers of ethylene were imported into the UK; almost unchanged from the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 13%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, ethylene polymer bag imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), Germany (X tons) and Vietnam (X tons) were the main suppliers of ethylene polymer bag imports to the UK, together accounting for 50% of total imports. China, Poland, Thailand, India, Malaysia, the Netherlands, Italy, France, Indonesia and Spain lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and China ($X) were the largest ethylene polymer bag suppliers to the UK, with a combined 49% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +14.4%, recorded the highest rates of growth with regard to 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 2022, the average ethylene polymer bag import price amounted to $X per ton, rising by 6.4% against the previous year. In general, the import price showed slight growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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