HS Code:
The category of polyethylene or polypropylene (commonly classified under HS Code 3920.20 for polypropylene sheets, film, foil, and strip, and 3920.10 for polyethylene) includes plastic materials widely used in packaging, construction, automotive, and consumer goods industries. Polyethylene is known for its flexibility and durability, often used in plastic bags and films, while polypropylene is valued for its heat resistance and strength, commonly found in containers and automotive parts. This category is a significant part of the global plastics trade, driven by industrial demand and consumer needs.
Total Trade Volume
USD 45.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 10.2 billion
22.4% of total trade of total trade
Increasing
USD 6.8 billion
14.9% of total trade of total trade
Stable
USD 4.5 billion
9.9% of total trade of total trade
Increasing
USD 3.9 billion
8.6% of total trade of total trade
Increasing
USD 3.2 billion
7.0% of total trade of total trade
Stable
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift toward sustainable materials
Increased demand for bio-based polyethylene and polypropylene as countries implement bans on single-use plastics.
2021-2023
Rising production in Asia-Pacific
Lower production costs in countries like China and India are driving export growth, impacting global pricing.
2020-2022
Supply chain disruptions
Post-COVID-19 logistics challenges and raw material shortages have led to price volatility in the polyethylene and polypropylene market.
2021-2022
The European Union introduced a tax on non-recycled plastic packaging waste, affecting polyethylene and polypropylene imports.
January 2021
Increased costs for exporters to the EU, pushing manufacturers to adopt recycled materials.
China expanded its ban on single-use plastics, impacting domestic demand for polyethylene products and redirecting trade flows.
July 2022
Reduced domestic consumption in China, leading to higher exports to Southeast Asia and Africa.
The United States imposed additional tariffs on Chinese polyethylene and polypropylene products amid ongoing trade tensions.
September 2023
Increased costs for US importers, potential shift to alternative suppliers like South Korea or the EU.