Price for Ethylene Polymers; Waste, Parings and Scrap in the United States - 2023
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in the United States (FOB) - 2023
- Price for Ethylene Polymers; Waste, Parings and Scrap in the United States (CIF) - 2022
- Exports of Ethylene Polymers; Waste, Parings and Scrap in the United States
- Imports of Ethylene Polymers; Waste, Parings and Scrap in the United States
Price for Ethylene Polymers; Waste, Parings and Scrap in the United States (FOB) - 2023
In December 2023, the average export price for ethylene polymers; waste, parings and scraps amounted to $1,027 per ton, which is down by -9.4% against the previous month. In general, the export price, however, continues to indicate a measured increase. The pace of growth appeared the most rapid in October 2023 an increase of 244% against the previous month. As a result, the export price attained the peak level of $1,367 per ton. From November 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Vietnam ($7,679 per ton), while the average price for exports to Malaysia ($316 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+30.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ethylene Polymers; Waste, Parings and Scrap in the United States (CIF) - 2022
The average import price for ethylene polymers; waste, parings and scraps stood at $600 per ton in 2022, which is down by -26% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 79% against the previous year. As a result, import price reached the peak level of $810 per ton, and then contracted significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($982 per ton), while the price for Canada totaled $481 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%).
Exports of Ethylene Polymers; Waste, Parings and Scrap in the United States
In 2022, approx. 186K tons of ethylene polymers; waste, parings and scraps were exported from the United States; waning by -24.3% compared with the year before. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 4.5%.
In value terms, exports of ethylene polymers; waste, parings and scraps shrank to $109M in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, the exports reached the peak of $127M, and then reduced in the following year.
| Export of Ethylene Polymers; Waste, Parings and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 25.1 | 2.6 | 16.1 | 23.2 | -2.6% |
| Canada | 9.0 | 8.9 | 21.2 | 15.2 | 19.1% |
| Malaysia | 6.5 | 17.5 | 19.7 | 12.6 | 24.7% |
| El Salvador | 4.7 | 4.7 | 14.8 | 11.3 | 34.0% |
| Indonesia | 5.8 | 4.9 | 12.3 | 9.7 | 18.7% |
| Mexico | 2.4 | 6.2 | 5.9 | 6.1 | 36.5% |
| Vietnam | 2.0 | 9.4 | 8.3 | 4.4 | 30.1% |
| Turkey | 5.8 | 3.0 | 4.1 | 2.5 | -24.5% |
| Hong Kong SAR | 7.8 | 3.6 | 1.6 | 1.0 | -49.6% |
| Thailand | 5.6 | 3.3 | 1.8 | 0.6 | -52.5% |
| China | 5.2 | 0.7 | 1.0 | 0.5 | -54.2% |
| Taiwan (Chinese) | 9.3 | 2.1 | 1.2 | 0.4 | -65.0% |
| Others | 17.9 | 16.7 | 18.9 | 22.1 | 7.3% |
| Total | 107 | 83.6 | 127 | 109 | 0.6% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from the United States in 2022:
- India (40.5K tons)
- Canada (33.4K tons)
- Malaysia (25.4K tons)
- Indonesia (19.7K tons)
- Mexico (12.0K tons)
- Vietnam (10.2K tons)
- El Salvador (8.6K tons)
- Turkey (4.2K tons)
- Hong Kong SAR (3.5K tons)
- Taiwan (Chinese) (1.3K tons)
- China (1.2K tons)
- Thailand (1.2K tons)
Imports of Ethylene Polymers; Waste, Parings and Scrap in the United States
In 2022, after three years of growth, there was significant decline in overseas purchases of ethylene polymers; waste, parings and scraps, when their volume decreased by -13% to 66K tons. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of 75K tons, and then declined in the following year.
In value terms, imports of ethylene polymers; waste, parings and scraps reduced notably to $39M in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 121% against the previous year. As a result, imports reached the peak of $61M, and then declined rapidly in the following year.
| Import of Ethylene Polymers; Waste, Parings and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 16.8 | 13.4 | 21.8 | 24.2 | 12.9% |
| Mexico | 9.6 | 12.6 | 23.0 | 11.5 | 6.2% |
| Others | 2.3 | 1.6 | 16.3 | 3.6 | 16.1% |
| Total | 28.7 | 27.7 | 61.1 | 39.4 | 11.1% |
Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to the United States in 2022:
- Canada (50.4K tons)
- Mexico (11.7K tons)
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