Polyethylene Furanoate Price Trend and Forecast

Polyethylene Furanoate Regional Price Overview

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

Polyethylene Furanoate Price Trend for the Second Half of 2023

Asia

The Asian polyethylene furanoate market saw an underwhelming run at the price index during the last two quarters of 2023. Since the said biopolymer is sourced originally from sugar sources like cane sugar bagasse, corn starch, etc., the market variations in these agricultural markets also influenced the polyethylene furanoate prices.
 

Polyethylene Furanoate Price Chart

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Quarter three began with borderline consistency in the Asian market, since the supply and demand outlooks were largely equitable, so the prices tottered around similar lines with minimal fluctuations within a confined limit. But this consistency was very short-lived as the prices came crashing down in the following quarter.

International demands saw a significant decline after the shipping issues started emerging in the Red Sea, which created a ripple effect in the polyethylene furanoate supply chain and prompted the prices to fall in both Indian and Chinese markets. Overall, mixed market sentiments were witnessed.

Europe

The European polyethylene furanoate market was observed to be struggling to maintain its prices during the given period. Quarter three was generally economically relaxed in the region as the inflationary pressure finally relaxed a little bit after a long time. So, the upstream costs had come down significantly, pushing the Polyethylene Furanoate price trend downwards. The price graph continued its downward journey in the latter quarter as well. Industrial activities were low, and the plunging global trade also influenced this market behavior. Overall, a dipping price trend was witnessed.

North America

The polyethylene furanoate price trend in America was not much different from the European price trend. The prices were found to be wavering at the lower end of the curve here as well. A big gap in the supply and demand dynamics of the polyethylene furanoate was the reason behind such a lackluster performance. The inventories were excessively pressured, which compelled suppliers to discount the prices in order to promote the product movement. Conclusively, a plunging trajectory was observed in H2’23.

Analyst Insight

According to Procurement Resource, the Polyethylene Furanoate price trends are expected to continue to fluctuate going forward, given the current demand outlook and pricing fundamentals.
 

Polyethylene Furanoate Price Trend 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 trend 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 trend 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.