Polyethylene Furanoate Price Trends and Forecast

Regional Price Overview

Get the latest insights on price movement and trends analysis of Polyethylene Furanoate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polyethylene Furanoate Price Trends for the First Half of 2023

Asia

In the Asia-Pacific countries, the prices of polyethylene furanoate enjoyed a high number of orders from international buyers, supporting the rates of exports in the first quarter of 2023. The demand from the downstream industries, high operational costs, and positive momentum of the packaging sector also supported the rise in the prices of polyethylene furanoate.

The market was also benefitted by the rising cost of raw materials but only till the first half of the second quarter. The latter half of the second quarter suffered from low support from crude oil costs, weak demand, and a declining raw materials sector.

Europe

The European market for polyethylene furanoate was adversely affected by the decline in the sales of bottles and beverages industries as the purchasing potential of buyers fell consistently.

The prices of polyethylene furanoate were also affected by the declining costs of crude oils, the struggling economy, low-cost support from the feedstock markets, and negligible restocking by traders. The performance of the upstream industries also remained in the negative zone during the first two quarters of 2023, eventually causing the price trends of polyethylene furanoate to decline.

North America

In North America, a high supply of polyethylene furanoate hampered its prices as the demand from the end-user sector was weak throughout the first two quarters of 2023. In addition to this, the labor crisis and rising cost of transportation and production further proved to be a challenge for the market activities. The consumers also showcased feeble consumption rates, and thus, with low demand, striking rates of inflation, and interest, pushed the prices of polyethylene furanoate towards a downward trajectory.

Analyst Insight

According to Procurement Resource, the price trends of Polyethylene Furanoate is expected to face southwards as the low cost of crude oil and pressure of no demand are estimated to affect the market sentiments of polyethylene furanoate negatively.

Procurement Resource provides latest prices of Polyethylene Furanoate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.