Ethylene Polymer Bag Market Overview in Belgium
In value terms, ethylene polymer bag production stood at $84M in 2010 estimated in export prices. Overall, ethylene polymer bag production continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2010 with a decrease of -2% against the previous year. Ethylene polymer bag production peaked at $125M in 2007; however, from 2008 to 2010, production failed to regain its momentum.
The revenue of the ethylene polymer bag market in Belgium amounted to $191M in 2010, surging by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.4% from 2007 to 2010; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 with an increase of 21% against the previous year. In that year, the ethylene polymer bag market reached its peak level of $203M. From 2009 to 2010, the growth of the ethylene polymer bag market failed to regain its momentum.