Recycled High Density Polyethylene Prices June 2024
Product
|
Category |
Region |
Price |
Recycled High Density Polyethylene |
Polymer & Resin |
USA |
1,583 USD/MT |
Recycled High Density Polyethylene |
Polymer & Resin |
China |
809 USD/MT |
Recycled High Density Polyethylene |
Polymer & Resin |
Germany |
1,227 USD/MT |
Recycled High Density Polyethylene |
Polymer & Resin |
Saudi Arabia |
779 USD/MT |
During Q2 2024, recycled high density polyethylene (R-HDPE) prices in the USA reached 1,583 USD/MT. Prices remained stable because of a consistent balance of supply and demand in the country. The demand from key downstream sectors like packaging and construction sustained market stability, despite moderate regional supply constraints. Strong recycling initiatives and stable upstream costs further supported this equilibrium, preventing significant price fluctuations.
In the second quarter of 2024, prices in China reached 809 USD/MT. The market saw price increase on account of strong demand from packaging and automotive sectors. Seasonal trends and supply constraints drove up costs, reflecting a robust demand for sustainable materials. Tightened supplies, coupled with increased industrial activity boosted prices, indicating a positive outlook and continued market strength for R-HDPE.
During the second quarter of 2024, R-HDPE pricing in Germany reached 1,227 USD/MT. The market saw notable price increases, driven by high demand across packaging and automotive sectors. Regulatory focus on sustainability and supply constraints intensified upward price pressures. Despite summer season demand peaks, the market remained below last year's levels, indicating a recovery from previous declines but maintaining a bullish outlook.
In the second quarter of 2024, R-HDPE prices in Saudi Arabia reached 779 USD/MT in June. The market faced a declining trend due to excess supply and moderate demand. High inventory levels and fluctuating upstream costs led to price reductions. Demand weakened following peak summer sales, contributing to a bearish market sentiment. Price stabilization was brief, with the market largely under downward pressure throughout the quarter.
Recycled High Density Polyethylene Prices March 2024
Product
|
Category |
Region |
Price |
Recycled High Density Polyethylene |
Polymer & Resin |
USA |
1,721 USD/MT |
Recycled High Density Polyethylene |
Polymer & Resin |
Saudi Arabia |
793 USD/MT |
Recycled High Density Polyethylene |
Polymer & Resin |
Germany |
1,123 USD/MT |
During the first quarter of 2024, the R-HDPE prices in the USA reached 1,721 USD/MT. The market in early 2024 saw steady price movement influenced by stable demand and supply dynamics. Despite an initial price dip due to increased inventory, the market rebounded with higher demand for specific applications and export growth, maintaining a balanced stance by the end of the quarter.
In the first quarter of 2024, R-HDPE prices in Saudi Arabia reached 793 USD/MT. The market at the beginning of 2024 was marked by steady prices, fluctuating within a narrow range due to ample supply and moderate overseas demand. While the market faced challenges with high inventory levels, a slight increase in production activity later provided some support to prices.
During the first quarter of 2024, R-HDPE pricing in Germany reached 1,123 USD/MT. The market experienced moderate price shifts, initially stabilizing due to balanced inventory and demand. Prices saw a slight drop in February, owing to geopolitical tensions affecting supply chains, but a cautious optimism returned by mid-March as demand marginally increased, keeping the market steady.
Recycled High Density Polyethylene Prices December 2023
Product
|
Category |
Region |
Price |
Recycled High Density Polyethylene |
Polymer & Resin |
USA |
1,547 USD/MT Natural Pellets |
Recycled High Density Polyethylene |
Polymer & Resin |
China |
787 USD/MT Blow Moulding |
Recycled High Density Polyethylene |
Polymer & Resin |
Germany |
1,112 USD/MT Light Pellets |
Recycled High Density Polyethylene |
Polymer & Resin |
Saudi Arabia |
784 USD/MT Injection Moulding spot |
The R-HDPE prices in the USA for Q4 2023 reached 1,547 USD/MT in December. The market encountered significant challenges due to an oversupply and weak demand. Decline in virgin HDPE prices combined with the rising accessibility of post-consumer material contributed to this oversupply. The downstream sector showed limited purchasing interest, leading to low trading activity. Despite stable supply conditions, market growth remained constrained.
The R-HDPE prices in China for Q4 2023 reached 787 USD/MT in December. The market remained stable despite challenges. The competitive cost of virgin HDPE kept recycled material prices under control. Although demand from key industries like packaging and construction remained subdued, the overall supply chain maintained a balance, preventing any significant price hikes in the market.
The price trend for R-HDPE in Germany for Q4 2023 reached 1,112 USD/MT. The market experienced a bearish trend. High supply levels, weak demand from key sectors like automotive, and competitive virgin HDPE pricing contributed to declining prices. Downstream consumption remained sluggish, leading to price reductions and a challenging market environment throughout the quarter.
The price trend for R-HDPE in Saudi Arabia for Q4 2023 reached 784 USD/MT in December. The market saw significant price drops due to weakened demand and lower purchasing activities. Declining energy rates and diminishing inventories further pressured prices, with downstream plastic and electrical goods sectors showing limited interest in purchasing, resulting in a subdued market performance during the quarter.
Regional Coverage
The report provides a detailed analysis of the recycled high density polyethylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the recycled high density polyethylene price trend.
Global Recycled High Density Polyethylene Price
The report offers a holistic view of the global recycled high density polyethylene pricing trends in the form of recycled high density polyethylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into recycled high density polyethylene historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into recycled high density polyethylene price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed recycled high density polyethylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Recycled High Density Polyethylene Price
Q2 2024:
The European market saw an uptick in prices during Q2 2024, driven by strong demand across key industries like packaging, construction, and automotive. The push towards sustainability, alongside regulatory pressures, bolstered the use of recycled materials. Concurrently, supply challenges due to recycling inefficiencies and higher transport costs intensified price pressures. Germany, in particular, experienced significant price increases, highlighting broader European market dynamics. Seasonal factors further high demand during the summer months, contributing to a positive price trajectory. Regardless of these gains, prices remained below the levels seen in the same period last year, indicating recovery from past declines and an optimistic outlook for sustainable materials.
Q1 2024:
The European market in early 2024 was marked by moderate fluctuations amid shifting supply and demand dynamics. The quarter began with stable prices due to balanced inventory levels and consistent demand. However, mid-January saw a slight rise in purchasing activity, which temporarily lifted prices. In February, bearish sentiment and increased feedstock prices, exacerbated by geopolitical issues, led to a drop in prices. Despite weak consumption from sectors like construction and packaging, a mild recovery was observed by mid-March, showing cautious optimism among traders. The market remained relatively stable despite external pressures, maintaining adequate supply to meet the subdued demand.
Q4 2023:
In Q4 2023, the market displayed a bearish performance as prices declined amid moderate demand in Europe. High supply levels outpaced demand from key industries like packaging and automotive, exerting downward pressure on prices. Better production rates in the downstream sectors failed to offset weak end-user demand where prices fell significantly. Spot price reductions and a preference for virgin HDPE further contributed to this trend. Seasonality and economic factors continued to affect the market, keeping price movements subdued. Besides these constraints, moderate demand from various sectors provided some support, helping the market keep overall stability by the end of the quarter.
This analysis can be extended to include detailed R-HDPE price information for a comprehensive list of countries.
Region |
Countries Covered |
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, among other European countries. |
North America Recycled High Density Polyethylene Price
Q2 2024:
The North American market experienced stability due to a balance in supply and demand across the region. The raw materials were available consistently, and demand from downstream industries like construction, automotive and packaging were also observed. Despite some regional supply challenges, recycling efforts and stable upstream costs for virgin HDPE helped maintain price levels. Notable fluctuations were seen in the USA, influenced by a robust push for sustainable materials and effective supply chain management. Seasonal peaks in demand were well-managed, preventing significant price swings. This quarter's stability marked a contrast from last year's volatility, reflecting a more balanced market environment.
Q1 2024:
During the first quarter of 2024, the market in North America saw a moderate rise in prices, primarily driven by fluctuations in demand and supply conditions. Initially, the market remained steady with balanced inventory levels. However, toward the end of January, a surplus in stock coupled with a reduced demand from end-users led to a temporary price dip. As February progressed, the market regained strength, spurred by an uptick in demand for outdoor piping and a boost in export orders. Supply constraints due to increased costs of raw materials and limited availability supported a bullish trend. By the close of the quarter, the market had stabilized, reflecting balanced conditions and steady purchasing activity.
Q4 2023:
The market in North America was constrained in Q4 2023 by a competitive environment characterized by falling costs of virgin HDPE and rising prices of post-consumer product collections. These factors led to an improved accessibility of base materials, resulting in market saturation and oversupply. Consumption across end-user sectors, particularly in automotive parts manufacturing and construction, weakened further as industries preferred virgin HDPE over recycled variants. Low levels of inventory made companies reluctant to make large purchases, which in turn led to a decrease in trading activity. Consistency in supply and restrained requirements from R-22 refrigerant undertakings further constrained price growth, leaving the market in a relatively weak position.
Specific R-HDPE historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Recycled High Density Polyethylene Price
Q2 2024:
In Q2 2024, the market faced a downward price trend in the Middle East and Africa on account of an excessive supply situation amidst moderate need. Elevated inventory levels led suppliers to lower expenses to clear excess stock. In addition to this, changing feedstock costs and logistics issues added to price instability. Saudi Arabia, in particular, saw major price reductions, driven by weakened demand post-peak summer and broader market oversupply. Despite a brief stabilization, the market remained bearish, reflecting economic uncertainties and cautious purchasing behavior. The quarter ended on a downtrend, with a subdued outlook due to ongoing excess supply and lackluster demand.
Q1 2024:
The market in the Middle East and Africa in early 2024 was characterized by slight price volatility within a narrow range. Starting the quarter with a dip due to high material availability and moderate demand, the market soon saw a recovery as supply levels adjusted. Key sectors like construction and packaging exhibited stable demand, helping stabilize prices midway through the quarter. However, high inventory levels and muted bulk purchasing interest led to a generally sluggish market environment. By mid-March, prices experienced a slight increase driven by rising manufacturing activity, especially in pharmaceutical packaging. Toward the end of the quarter, the market settled into a period of stability, with cautious buying and selling strategies in place.
Q1 2024:
The Middle East and Africa (MEA) region saw a relatively stable performance during Q4 2023, driven by sufficient supply levels and a steady supply chain. Declining inventories in the region helped balance the market, though sluggish demand from downstream industries like electrical goods and plastics weighed on pricing. Additionally, reduced purchasing activities and lower energy costs added to the downward pressure on prices. Saudi Arabia experienced the most notable market shifts, as weaker demand and declining rates contributed to a more subdued market environment. Despite these hurdles, the overall stability of the region’s supply chain kept the market relatively balanced.
In addition to region-wise data, information on R-HDPE prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Recycled High Density Polyethylene Price
Q2 2024:
During the second quarter of 2024, there was a rise in prices in the Asia-Pacific market due to high demand from the construction, packaging, and automotive industries. The growing focus on sustainability has led to an increased demand for environmentally friendly materials, causing prices to rise. China was at the forefront of the region in terms of price fluctuations, driven largely by seasonal patterns and limitations in supply, resulting in increased expenses. Prices experienced a moderate rise in the current quarter compared to the previous one, influenced by boosted industrial operations and limited supplies. At the close of the quarter, there was ongoing upward momentum, indicating a positive market outlook and strong demand for recycled materials in APAC.
Q1 2024:
In the first quarter of 2024, the Asia-Pacific region’s market experienced a gradual decrease in prices, influenced by the ample supply of post-consumer products and a steady influx of cheaper recycled materials. The market started the quarter on stable grounds, but increased collection rates led to oversupply, creating a challenging environment for sellers. Key sectors, such as construction and packaging, showed weak demand, further hindering market growth. The Lunar New Year significantly disrupted purchasing patterns, slowing down production and reducing overall market activity. Despite a steady supply chain and available inventory, demand remained low, and prices stayed subdued. The market faced a divergence between the recycled and virgin HDPE segments, with sustainable materials becoming less competitive.
Q4 2023:
In the Asia-Pacific region, the market experienced bearish conditions, driven by an abundance of supply and subdued demand from key sectors like construction and packaging. Increased collection prices of post-consumer products and competition from lower-priced virgin HDPE weighed heavily on market dynamics. Major producers of recycled plastic in the area saw a decrease in their operational rates and possible supply chain disruptions. Despite lower spot price offers, pricing remained consistent, especially in China, because virgin HDPE was so inexpensive. The overall market remained under pressure due to these factors, reflecting a broader regional trend of stagnation and weak growth.
This recycled high density polyethylene price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Recycled High Density Polyethylene Price
The analysis of recycled high density polyethylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Recycled High Density Polyethylene Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Recycled High Density Polyethylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of recycled high density polyethylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of recycled high density polyethylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of recycled high density polyethylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing recycled high density polyethylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Recycled High Density Polyethylene Market Analysis
The global recycled high density polyethylene market size reached 1,491.4 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 2,635.4 Thousand Tons, at a projected CAGR of 6.50% during 2023-2032.
- The increasing environmental consciousness and stringent regulations pertaining to plastic waste management have incentivized the adoption of R-HDPE, primarily driving the market. R-HDPE offers a sustainable solution to alleviate the detrimental environmental impacts associated with standard plastic production and disposal, thereby aligning with the global push toward sustainability.
- Besides this, the rising demand for R-HDPE due to its cost-effectiveness compared to virgin HDPE, as recycled materials typically entail lower production costs due to reduced energy consumption and resource utilization is strengthening the market growth.
- Moreover, the burgeoning growth of the packaging industry, wherein R-HDPE is employed in the manufacturing of various packaging products, including bottles, containers, and bags is creating a positive outlook for market expansion.
- In addition to this, the rising construction activities across the globe have fueled the demand for R-HDPE in the production of pipes, conduits, and other construction materials, owing to its durability, versatility, and sustainability attributes, strengthening the market growth.
- Ongoing technological advancements in recycling processes have significantly improved the quality and performance of R-HDPE, thus presenting lucrative opportunities for market expansion.
- Another factor driving the market is the growing focus on circular economy principles, aimed at minimizing waste generation and maximizing resource efficiency, thereby boosting the adoption of R-HDPE as a key component in closed-loop material cycles.
- Furthermore, the shifting consumer preferences towards eco-friendly and sustainable products prompting manufacturers to incorporate R-HDPE into their product portfolios to enhance brand image and meet evolving market demands is fueling the market growth.
- Concurrently, favorable government initiatives and incentives promoting the use of recycled materials in various sectors have further bolstered the growth of the global R-HDPE market.
- Apart from this, the volatility in crude oil prices and concerns regarding energy security have prompted industries to explore alternative raw materials, thereby bolstering the demand for R-HDPE as a viable substitute for virgin plastics derived from fossil fuels.
Recycled High Density Polyethylene News
The report covers the latest developments, updates, and trends impacting the global recycled high density polyethylene industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in recycled high density polyethylene production technologies, strategic market expansions; by key industry players, and significant mergers and acquisitions that impact the recycled high density polyethylene price trend.
Latest developments in the recycled high density polyethylene industry:
- April 2024: IPL Brightgreen declared a major leap forward in its commitment to sustainability and innovation with an investment in enhancing its capacity for manufacturing high-quality recycled polymers.
- January 2024: ALPLA Group announced its decision of improving its processing of recycled PET and HDPE as it approaches a deadline for achieving its self-imposed goals for recycled content.
Product Description
R-HDPE is a thermoplastic material that has been recycled and exhibits good strength-to-density ratio, impact resistance, and tensile strength. It is widely used in both consumer and industrial settings due to its versatility. HDPE is made from petroleum and processed using catalysts to form long, linear, and dense polyethylene. It is appropriate for high-temperature applications because of its high melting point and heat resistance.
HDPE can be recycled up to ten times before it has to be replaced, making it a more ecologically responsible option than virgin resin. It can be used in various applications, including bottles, pens, plastic lumber, picnic tables, rope, toys, piping, decking, bike racks, plastic fencing, benches, furniture, recycling bins, and trash cans. Due to its robust internal structure and minimal potential for toxin leakage, R-HDPE is suitable for use in food-grade applications.
Report Coverage
Key Attributes |
Details |
Product Name |
Recycled High Density Polyethylene |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Recycled High Density Polyethylene Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, 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, Greece*
North America: United States, Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of recycled high density polyethylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting recycled high density polyethylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The recycled high density polyethylene price charts ensure our clients remain at the forefront of the industry.