Month in Charts - a Service by SBAcci

Global PET Supply/Demand 2020 - 2025

| Business function | SBAcci | United States

The current edition of PETnology's "Month in Charts" series - a service from SBAcci - shows a stable growth rate of 5.2% for 2021-2025, for global PET packaging resin production. The growth rate is supported by the solid demand from the areas of beverages, food, and consumer products, according to SBAcci.

 

  • Global PET production growth rates are forecast to remain strong averaging 5.2% over the 2021-2025 timeframe.  
  • Continued good demand from beverage, food, and consumer products is supporting global production demand.
  • Global PET production rates include rPET which will continue to grow as supply allows.

     

  • With strong demand growth and positive cash flow for PET producers in most regions, new PET project announcements are now coming to the market to support growth.
  • Our 5-year forecast is for global PET operating rates to remain in the high 70% - low 80% range helping support demand growth.

     

  • North American PET resin margins improved in 2021
  • North American PET margins remain positive
  • North American PX margins have improved from Q4 2020
  • North American MX margins also remain positive

     

  • Chinese/Asian PET resin margins have significantly improved from 2020 levels
  • Chinese/Asian PTA margins have improved to breakeven to positive levels for February-March as utilization rates have been reduced to support spreads
  • Chinese/Asian PX-MX margins remain at or below cash cost due to over supply in the region
  • Chinese/Asian MX margins remain positive and improved from Q4 2020 levels

     

  • EU PET resin margins have improved primarily due to PET supply issues caused by regional PTA production issues
  • EU PTA margins remain positive
  • EU PX margins remain at or below cash cost
  • EU MX margins remain positive and improved from Q4 2020

     

This article is part of the PETnology ePaper 
PET insights
 issue 4 | 2021






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