Price for Ethylene Polymers; Waste, Parings and Scrap in Estonia - 2023

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Estonia (FOB) - 2023
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Estonia (CIF) - 2022
3. Exports of Ethylene Polymers; Waste, Parings and Scrap in Estonia
4. Imports of Ethylene Polymers; Waste, Parings and Scrap in Estonia

Price for Ethylene Polymers; Waste, Parings and Scrap in Estonia (FOB) - 2023

The average export price for ethylene polymers; waste, parings and scraps stood at $556 per ton in November 2023, jumping by 25% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 41% m-o-m. Over the period under review, the average export prices attained the peak figure at $644 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Sweden ($1,135 per ton), while the average price for exports to Poland ($71.0 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (-0.7%), while the prices for the other major destinations experienced a decline.

Price for Ethylene Polymers; Waste, Parings and Scrap in Estonia (CIF) - 2022

The average import price for ethylene polymers; waste, parings and scraps stood at $414 per ton in 2022, increasing by 41% against the previous year. In general, the import price, however, recorded a mild setback. The growth pace was the most rapid in 2021 an increase of 66%. The import price peaked at $499 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($1,068 per ton), while the price for Finland ($218 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ethylene Polymers; Waste, Parings and Scrap in Estonia

In 2022, shipments abroad of ethylene polymers; waste, parings and scraps decreased by -9.4% to 10K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of 12K tons, and then fell in the following year.

In value terms, exports of ethylene polymers; waste, parings and scraps soared to $6.5M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Estonia in 2022:

1. Finland (3.8K tons)
2. Latvia (3.5K tons)
3. Lithuania (2.7K tons)
4. Poland (0.1K tons)
5. Sweden (0.1K tons)

Imports of Ethylene Polymers; Waste, Parings and Scrap in Estonia

Imports of ethylene polymers; waste, parings and scraps into Estonia surged to 5.8K tons in 2022, with an increase of 45% on 2021 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of ethylene polymers; waste, parings and scraps surged to $2.4M in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Estonia in 2022:

1. Finland (3343.0 tons)
2. Lithuania (943.5 tons)
3. Sweden (750.1 tons)
4. Latvia (496.9 tons)
5. Poland (205.8 tons)

Source: IndexBox Market Intelligence Platform