Polyethylene Terephthalate Market - Germany Tops the List of EU Polyethylene Terephthalate Manufacturers

Plastics And Synthetic Rubber In Primary Forms February 01, 2016
Author: Olga Minchina
Account Manager

polyethylene terephthalate market

From 2007 to 2014, EU production on the polyethylene terephthalate market showed mixed dynamics, eventually rising from 2.94 million tonnes in 2007 to 2.96 million tonnes in 2014. In value terms, EU polyethylene terephthalate production decreased to 2.7 billion EUR in 2014, falling by -3.2% annually.

Germany was the largest producer of polyethylene terephthalate in absolute volumes, with 546 thousand tonnes. It was distantly followed by Portugal (26 thousand tonnes) and Croatia (16 thousand tonnes).

Positive dynamics in polyethylene terephthalate production among the main producing countries from 2007 to 2014 were recorded in Croatia (+16.5% per year), while for the other two EU leaders (Germany and Portugal) the paces of growth were more modest or negative.

Germany dominated in EU polyethylene terephthalate production and ranked third in trade. In 2014, it exported 64% of its total polyethylene terephthalate output. Of this amount, 16% was supplied to Austria, where Germany's polyethylene terephthalate held a 45% share of total Austria n imports.

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Source: EU: Polyethylene Terephthalate (In Primary Forms) - Market Report. Analysis And Forecast To 2020