Product
Recycled PET Price Trend and Forecast
Recycled PET Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Recycled PET in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Recycled Polyethylene Terephthalate (PET) Price Trend for the H1 of 2023
Asia
The recycled polyethylene terephthalate market inclined in the Asia Pacific region as it was supported by the high demand from the downstream industries and low availability of the product in the market. The surge in sales of the food and beverage industries and the growing interest of consumers in the sustainable option fueled the rise in the prices. As a result, the spot prices in China increased significantly from around 985 USD/MT in January to 1130 USD/MT in June’23, registering a rise of almost 12%.
Europe
In Europe, the price trend of recycled polyethylene terephthalate was stable throughout the first two quarters of 2023. The trend was majorly influenced by the stable demand-supply ratio and sustained demand from the FMCG sectors. The cost of production was also stagnant, and thus, the supply of recycled polyethylene terephthalate in the region maintained its required pace.
North America
The North American region witnessed a stagnant trend in the prices of recycled polyethylene terephthalate as the demand from the end-user sector and supply from the manufacturers equalized each other. In addition to this, there were no major changes in the market dynamics, and the performance of the packaging sector was also moderate in the first two quarters of 2023.
Analyst Insight
According to Procurement Resource, the price of Recycled polyethylene terephthalate (PET) is estimated to remain stable in the upcoming quarter, given the moderate yet consistent demands from end-user industries.
Procurement Resource provides latest prices of Recycled PET. 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.
About
Polyethylene terephthalate or PET, a form of polyester, is a highly recyclable plastic resin. PET is inexpensive, light in weight and is widely used to manufacture plastic products, particularly plastic bottles. Upon recycling polyethylene terephthalate, it is known as RPET, which is the most widely recycled plastic worldwide. Products made of recycled PET are very convenient, and thus, they are widely utilised.
Product Details
| Report Features | Details |
| Product Name | Recycled PET |
| Synonyms | rPET, RPET |
| Industrial Uses | Fibres, Fabrics, Packaging, Washed flakes, Sheets, Straps, Polyester carpets |
| Supplier Database | B. Schoenberg & Co., Inc, UltrePET, LLC, Carbonlite Inc., Suez Recycling & Recovery Holdings, KW Plastics |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production process
- Production of Recycled PET from PET
In this process, PET is used as a starting material and its recycling follows multiple steps such as sorting, separation, classification and rinsing. At last, PET is ground into flake and dried before being reintroduced as a manufacturing material.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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