Overview of the Global Market for Polyethylene Glycols and Polyethers in Primary Forms

Market Size for Polyethylene Glycols and Polyethers in Primary Forms

The global polyethylene glycol and polyether market expanded markedly to $X in 2021, increasing by 10% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Production of Polyethylene Glycols and Polyethers in Primary Forms

In value terms, polyethylene glycol and polyether production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Over the period under review, global production reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports

In 2021, the amount of polyethylene glycols and polyethers in primary forms exported worldwide soared to X tons, rising by 17% on 2020 figures. The total export volume increased at an average annual rate of +5.2% 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.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and the Netherlands (X tons) were the main exporters of polyethylene glycols and polyethers in primary forms in 2021, accounting for near 17% and 14% of total exports, respectively. Belgium (X tons) ranks next in terms of the total exports with an 8.6% share, followed by the United States (8.3%), South Korea (8%), Saudi Arabia (7.6%), Germany (7.2%) and Singapore (6.1%). Thailand (X tons), Spain (X tons), Taiwan (Chinese) (X tons), France (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +67.3%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, with a combined 37% share of global exports. Belgium, Germany, South Korea, Singapore, Saudi Arabia, Taiwan (Chinese), Thailand, Spain, the UK and France lagged somewhat behind, together accounting for a further 51%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +72.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, surging by 37% against the previous year. Overall, the export price recorded 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.0%), while the other global leaders experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were imported worldwide; picking up by 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.0% 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 soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), followed by Germany (X tons), Turkey (X tons), Italy (X tons) and India (X tons) were the key importers of polyethylene glycols and polyethers in primary forms, together mixing up 30% of total imports. The following importers - the United States (X tons), Belgium (X tons), Mexico (X tons), Poland (X tons), Vietnam (X tons), Brazil (X tons), the United Arab Emirates (X tons) and Indonesia (X tons) - each resulted at a 24% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +14.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether importing markets worldwide were China ($X), Germany ($X) and Turkey ($X), with a combined 21% share of global imports. Italy, India, the United States, Belgium, Mexico, Poland, Brazil, Vietnam, Indonesia and the United Arab Emirates lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, picking up by 38% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while the United Arab Emirates ($X per ton) was 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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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