Eastern Europe: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Eastern Europe

In 2023, the East European polyethylene in primary forms market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Polyethylene in Primary Forms in Eastern Europe

In value terms, polyethylene in primary forms production expanded remarkably to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports in Eastern Europe

In 2023, shipments abroad of polyethylene in primary forms decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports reduced to $X in 2023. Total exports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Russia (X tons) was the major exporter of polyethylene in primary forms, mixing up X% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with an X% share, followed by Hungary (X%), Poland (X%) and Slovakia (X%). Belarus (X tons) and Bulgaria (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to polyethylene in primary forms exports from Russia stood at X%. At the same time, Bulgaria (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Poland and Hungary experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.), Slovakia (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus, Poland and Hungary saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), the Czech Republic ($X) and Hungary ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Poland, Slovakia, Belarus and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Bulgaria, with a CAGR of X%, saw 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

In 2023, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a mild slump. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene in Primary Forms

Imports in Eastern Europe

In 2023, polyethylene in primary forms imports in Eastern Europe reduced slightly to X tons, approximately mirroring 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, polyethylene in primary forms imports fell notably to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Poland (X tons) represented the key importer of polyethylene in primary forms, generating X% of total imports. Russia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%), Romania (X%), Ukraine (X%), Hungary (X%) and Slovakia (X%).

From 2012 to 2023, average annual rates of growth with regard to polyethylene in primary forms imports into Poland stood at X%. At the same time, Romania (X%), Hungary (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Slovakia experienced a relatively flat trend pattern. By contrast, Ukraine (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, Romania and Hungary increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported polyethylene in primary forms in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland totaled X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price saw a mild contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then reduced markedly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Hungary ($X per ton) and Russia ($X per ton), while Ukraine ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform