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Polyethylene Terephthalate Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

polyethylene terephthalate Markets Covered:

usUnited States
nlNetherlands
beBelgium
gbUnited Kingdom
frFrance
krKorea
cnChina
inIndia

Global polyethylene terephthalate Price Trend, Analysis and Forecast​

In Q1 2025, PET Bottle Grade Resin prices continued to decline across major markets. In Europe, average prices dropped by around 2.7% to USD 1089/MT. The fall was largely attributed to subdued beverage and packaging sector demand during the post-winter season, as well as competitive pressure from cheaper Asian imports. In South Korea, prices edged lower by 2.2% to USD 814/MT, with domestic producers offering discounts amid weaker overseas orders and sufficient local supply. In India, the high IV PET market rebounded slightly, rising by 9.6% quarter-on-quarter to USD 967/MT, supported by better textile and fiber-grade demand. 

Polyethylene TerephthalateTrend Analysis: Q2 2025

In Q1 2025, PET Bottle Grade Resin prices continued to decline across major markets. In Europe, average prices dropped by around 2.7% to USD 1089/MT. The fall was largely attributed to subdued beverage and packaging sector demand during the post-winter season, as well as competitive pressure from cheaper Asian imports. In South Korea, prices edged lower by 2.2% to USD 814/MT, with domestic producers offering discounts amid weaker overseas orders and sufficient local supply. In India, the high IV PET market rebounded slightly, rising by 9.6% quarter-on-quarter to USD 967/MT, supported by better textile and fiber-grade demand. 

In Q1 2025, PET bottle grade resin prices in India were recorded at USD 1213/MT, reflecting a marginal decline of 0.1% compared to the previous quarter. The minor softening was mainly due to the seasonal slowdown, as cooler weather reduced consumption of bottled beverages. Many converters focused on destocking after building inventories during the festive and peak seasons. Despite the slight decline, the market remained largely balanced, indicating healthy fundamentals in terms of supply and demand. 

Polyethylene Terephthalate Trend Analysis: Q4 2024

In Q4 2024, the Global PET Bottle Grade Resin market experienced sharp decrease. European prices plunged by 10.5% to USD 1119/MT, driven by excess inventories, energy cost stabilization, and slow off-take from downstream converters ahead of year-end holidays. In South Korea, PET resin prices declined by 5.9% to USD 832/MT, pressured by muted regional exports and abundant supply. For high IV PET resins in Europe, prices witnessed a steeper fall of 15.4% to USD 1054/MT, in line with slower demand from fiber and textile applications. Indian high IV PET resin prices dropped by 6.8% to USD 882/MT, tracking global bearish sentiment but protected somewhat by steady local fiber consumption. 

In Q4 2024, PET bottle grade resin prices stood at USD 1214/MT, marking a slight increase of 0.8% over the previous quarter. Demand normalized after the summer and festive season peaks, but overall market activity remained steady. Stable feedstock prices and controlled production levels from domestic manufacturers helped maintain a balanced pricing environment. Buyers remained cautious, but stable consumption trends supported a marginal upward movement in resin prices. 

During Q3 2024, PET Bottle Grade Resin prices in Europe saw a modest rise of 2.0%, reaching around USD 1250/MT. Increased summer beverage consumption, along with improved economic activity, supported resin demand. In South Korea, however, PET prices dipped by 3.0% to USD 884/MT, as local bottlers maintained cautious purchasing amid volatile feedstock costs. In India, prices for high IV PET resin softened by 8.2% to USD 946/MT, as converters delayed purchases anticipating further price corrections. 

In Q3 2024, PET bottle grade resin prices in India rose to USD 1204/MT, showing a 4.5% increase compared to Q2. Strong demand from the bottled water and beverage sectors continued during the early monsoon period, supported by resilient travel and hospitality activities. Additionally, logistical challenges during the monsoon season contributed slightly to higher overall costs, further sustaining the upward pressure on resin prices. Feedstock prices remained stable, providing cost support for resin manufacturers. 

In Q2 2024, the global PET market continued to rise, with a 2% price increase in Germany. This growth was driven by higher demand from the packaging industry due to the favorable summer season and escalating production costs tied to feedstock prices, including Ethylene Glycol and Terephthalic Acid. A shortage of Mono Ethylene Glycol, worsened by climate-related shutdowns and reduced operational capacities, further constrained supply. This shortage, along with crude oil price fluctuations and geopolitical tensions, led key players like Indorama Ventures to adjust prices upward. 

In Q2 2024, PET bottle grade resin prices moved up to USD 1152/MT, registering a 3.4% quarter-on-quarter rise. The beginning of the Indian summer season led to a surge in demand for bottled beverages and packaged water, boosting consumption of PET resin. Export opportunities improved slightly, and steady upstream feedstock costs also contributed to the firming market sentiment. Indian producers benefited from strong offtake, tightening the supply-demand balance during this period. 

In Q1 2024, European PET prices saw significant upward momentum, especially in the Netherlands with a 7% increase. The rise was fuelled by high demand from the construction industry and strong economic growth, boosting market confidence. Production costs also surged due to elevated prices for feedstocks like Ethylene Glycol and Terephthalic Acid, linked to Crude Oil increases. Compounding this, Alpek Polyester UK Ltd. declared force majeure in February following a technical breakdown at its 220,000-tonne Wilton plant, exacerbated by raw material shortages from a Red Sea shipping crisis, impacting supply and further driving prices. 

In Q1 2024, PET bottle grade resin prices were recorded at USD 1114/MT, representing a 4.1% decline compared to the previous quarter. Weaker post-festival demand, combined with higher inventory levels at the converter level, weighed down on prices. Additionally, softer feedstock prices and muted export interest added to the downward pressure. Market sentiment remained cautious as buyers delayed purchases in anticipation of better seasonal demand in the coming months. 

polyethylene terephthalate Parameters Covered: 

  • Ethylene Terephthalate
  • Pure Terephthalic Acid (PTA)
  • Monoethylene Glycol (MEG)
  • Ethylene
  • Netherlands
  • South Korea
  • China
  • Water Bottles, Carbonated Soft Drink Bottles (CSD), Juice and Beverage Bottles, Edible Oil Bottles
  • Food and Beverage Packaging
  • Belgium
  • United Kingdom
  • France
  • USA
  • India

Historically, several events have caused significant fluctuations in Polyethylene Terephthalate prices

  • Red Sea Crisis (2024): Port congestion and freight rate surges impacted PET supply and transportation costs globally.
  • COVID-19 Pandemic (2020-2022): Plant shutdowns, labour shortages, and supply chain disruptions led to fluctuating demand and prices for PET.
  • S.-China Trade War (2018): Increased tariffs affected PET supply chains, leading to cost instability, especially for U.S. importers.
  • Hurricane Harvey (2017): Major U.S. refineries and chemical plants shut down, impacting global ethylene and PET prices.
  • Crude Oil Price Collapse (2015): A sharp decline in oil prices led to reduced production costs for PET but also volatility in pricing.

Specifications

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Historically, several events have caused significant fluctuations in Polyethylene Terephthalate prices

  • Red Sea Crisis (2024): Port congestion and freight rate surges impacted PET supply and transportation costs globally.
  • COVID-19 Pandemic (2020-2022): Plant shutdowns, labour shortages, and supply chain disruptions led to fluctuating demand and prices for PET.
  • S.-China Trade War (2018): Increased tariffs affected PET supply chains, leading to cost instability, especially for U.S. importers.
  • Hurricane Harvey (2017): Major U.S. refineries and chemical plants shut down, impacting global ethylene and PET prices.
  • Crude Oil Price Collapse (2015): A sharp decline in oil prices led to reduced production costs for PET but also volatility in pricing.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global polyethylene terephthalate price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the polyethylene terephthalate market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence polyethylene terephthalate prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely polyethylene terephthalate market data.

Track PriceWatch's polyethylene terephthalate price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major PET production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
  • Supply Chain Monitoring: We track the entire PET supply chain, from raw material availability (e.g., PTA, MEG, and EG) to production and distribution channels. This includes monitoring feedstock PTA, MEG, and EG prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact PET prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on PET production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., construction, packaging), to predict shifts in PET demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global PET production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming PET production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global PET pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast PET prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable PET pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Polyethylene Terephthalate price provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for polyethylene terephthalate. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

PET prices are primarily influenced by the cost of Ethylene, derived from Crude Oil and Naphtha. Other key factors include supply and demand dynamics, with increased demand from industries like packaging and construction driving prices up, while oversupply reduces them. Logistics issues, such as shipping disruptions or high freight rates, and regional market conditions, including economic growth and local regulations, also play a role in PET pricing.

Procurement managers can secure the best PET prices by monitoring global market trends, locking in long-term contracts to mitigate price volatility, and buying in bulk to negotiate better rates. Diversifying suppliers across different regions can also provide leverage and reduce risk, ensuring more competitive pricing.

Global events like geopolitical tensions, natural disasters, and economic shifts can significantly impact PET prices. Rising crude oil prices, supply chain disruptions, or reduced demand from economic slowdowns can drive prices up or down, making it essential for procurement managers to stay informed and anticipate market shifts.

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