For the Quarter Ending June 2025
Asia-Pacific (APAC)
• BOPET Price Index in APAC declined quarter-on-quarter by 1.6%. Meanwhile, prices during the second quarter, to marginal fluctuations driven by seasonal factors. Prices for BOPET Film 13 µ (Spot) Ex-Shanghai settled at USD 947/MT by the end of June 2025, marking a slight 0.5% increase over the quarter.
• Early April witnessed price stability at USD 943/MT amid soft demand and holiday-related slowdowns. After minor upticks in mid-May due to improved downstream activity, prices largely held steady through June, supported by limited inventory at East China ports and rising PET feedstock costs.
• Why did the price of BOPET change in July 2025 in China? In early July 2025, BOPET prices exhibited range-bound stability. Market participants adopted a cautious stance amid ongoing freight disruptions and soft international demand. Although feedstock PET prices remained elevated, weak downstream polyester and packaging demand in the EU and US restrained any significant price momentum.
• The BOPET Production Cost Trend in Q2 2025 was influenced by rising feedstock PET costs and shipping charges, particularly amid port congestion at major Chinese hubs including Shanghai and Ningbo. Although production facilities like Jiangsu Shuangxing and Zhejiang Fuwei operated without unplanned outages, scheduled maintenance shutdowns in May—such as at Shaoxing Weiming Plastic Co., Ltd.—briefly tightened supply. However, overall capacity availability remained adequate.
• BOPET Demand Outlook remained weak during Q2, with subdued procurement from downstream polyester, packaging, and textile sectors. Concerns around global trade tensions, including a 30% US tariff on Chinese textiles, softened sentiment despite temporary tariff freezes. Seasonal demand from beverage bottlers and summer-related consumption only provided limited support.
• Export momentum of BOPET was sluggish throughout the quarter. Despite some early May improvements, high shipping costs and poor foreign demand, particularly from the EU and US, kept export volumes under pressure.
• Domestic procurement in China was cautious and inventory-driven, especially around major holidays like Labor Day and the Dragon Boat Festival.
North America
• BOPET Price Index in North America declined marginally quarter-on-quarter by 1%.
• Prices held firm during the second quarter of 2025, with prices for BOPET Film 13 µ DDP Los Angeles consistently settling at USD 1945/MT through most of Q2. This stability contrasted with broader market bearishness, sustained by steady feedstock PET prices, balanced domestic production.
• Why did the price of BOPET change in July 2025 in the USA? In early July 2025, BOPET prices remained stable in the US as converters and distributors continued cautious procurement strategies amidst unresolved trade tensions and high freight costs. Despite rising global freight pressures, sufficient domestic supply, uninterrupted PET feedstock availability, and stable downstream run rates prevented any significant upward price movement. Extended congestion at major ports like Los Angeles and New York/New Jersey further complicated logistics but did not alter pricing due to subdued demand.
• The BOPET Production Cost Trend during Q2 2025 in North America was shaped by stable PET feedstock costs and uninterrupted operations at key domestic producers, including Toray Plastics, DuPont Teijin Films, Polyplex USA, and Jindal Films. However, freight-related inflation and lingering logistical disruptions at US ports and the Panama Canal continued to pose operational hurdles.
• BOPET Demand Outlook remained weak throughout Q2 as purchasing sentiment was muted by macroeconomic uncertainty, a 30% US tariff on Chinese downstream goods, and cautious restocking behavior. Seasonal expectations of higher summer demand did not fully materialize, and downstream polyester and packaging demand remained stagnant despite high operating rates in some sectors.
• Export momentum of BOPET from the US remained lackluster. The combination of elevated domestic inventories, limited foreign inquiries, and reduced competitiveness due to tariffs led to a decline in BOPET export volumes.
• Domestic procurement in the USA was highly restrained during Q2. Converters delayed bulk purchasing decisions and limited their offtake to short-term needs only. Despite the US driving season and summer packaging uptick, the BOPET market remained range-bound and cautious.
Europe
• BOPET Price Index in Europe declined marginally quarter-on-quarter by 1%.
• Prices remained stable throughout Q2 2025, with BOPET Film 13 µ (Spot) FD Hamburg holding at USD 1910/MT. The balance between constrained supply due to freight rerouting, plasma-line delays, and Rhine disruptions, and muted demand from converters maintained a neutral price environment. High feedstock PET costs supported pricing, though converters bought only essentials amid trade uncertainties.
• Why did the price of BOPET change in July 2025 in Germany? Prices remained unchanged as converters continued cautious procurement amidst limited recycled PET availability, Red Sea freight diversions, and port congestion. Domestic producers operated steadily, and downstream demand stayed soft, keeping the market in a rollover state.
• The BOPET Production Cost Trend was shaped by high PET costs and logistical hurdles. Delays at Northern European ports and low Rhine water levels disrupted supply chains. Despite these issues, production remained uninterrupted at major plants, keeping inventory levels adequate.
• BOPET Demand Outlook was sluggish, hindered by trade tensions, preference for virgin PET, and weak converter activity. Buyers focused on short-term needs, avoiding inventory buildup.
• Export momentum of BOPET was limited due to freight costs and long lead times.
• Domestic procurement in Germany stayed cautious, with buyers hesitating amid macroeconomic and trade-driven uncertainties.
Middle East & Africa (MEA)
• BOPET Price Index in Saudi Arabia declined marginally quarter-on-quarter by 1.8%.
• Prices remained steady in Q2 2025, with BOPET Film Grade Ex-Riyadh holding at USD 1798/MT by end-June. The 12-week trend was broadly sideways, shaped by stable production at Taghleef and GIIC and soft post-Hajj demand. Despite no plant disruptions, rising freight costs, crude-linked PET price spikes, and port congestion, introduced moderate upward cost pressure.
• Why did the price of BOPET change in July 2025 in Saudi Arabia? Prices remained unchanged as the market balanced high inventories with easing post-Hajj demand. PET feedstock support and muted converter activity led producers to maintain a rollover strategy.
• The BOPET Production Cost Trend reflected stable PET input costs and ample inventories. Strong container throughput at key ports and high stock levels from pre-Hajj buildup ensured sufficient availability.
• BOPET Demand Outlook stayed weak amid low polyester and packaging sector activity. Eid holidays and seasonal softness in plastic demand led to subdued trading, while tariff uncertainties and cautious sentiment delayed new procurement.
• Export momentum of BOPET was sluggish due to muted regional orders and soft demand across Muslim-majority countries.
• Domestic procurement in Saudi Arabia remained cautious, driven by post-festival inventory overhang and macroeconomic headwinds.
For the Quarter Ending March 2025
North America
During the first quarter of 2025, BOPET film prices in the North American region experienced an overall stable trend with a marginal bullishness. At the start of the year, trading activity increased as global buyers returned after the New Year, leading to a short-term rise in inquiries. However, supply remained tight due to logistical constraints and increased freight costs, further pressured by concerns over a potential dockworkers' strike. Although that strike was eventually averted through a late-January agreement, earlier fears led many buyers to stock up, tightening available supplies.
Manufacturing costs remained consistent as feedstock PET prices stayed stable. A temporary shutdown at a key BOPET plant in Alabama due to severe weather in February caused a marginal dip in supply during mid-quarter, adding to the strain on spot availability.
Moreover, downstream processors, including textile and plastic manufacturers, were cautious amid ongoing tariff concerns and weak consumer confidence. Several buyers shifted to just-in-time procurement strategies rather than bulk purchasing, contributing to a subdued trading environment and leading the BOPET film prices to stabilize during March 2025.
APAC
The BOPET film prices in the APAC region during the first quarter of 2025 were characterized by a volatile dynamic. In January 2025, BOPET film prices in Indonesia increased despite a sluggish performance from the downstream sector. The BOPET market has seen a surge in trading activity following the post-New Year period. This renewed interest, driven by inquiries from various market players, has injected dynamism into the market. Furthermore, the supply side has faced constraints as several downstream factories have ramped up production to replenish depleted stock levels. However, as the quarter progressed, BOPET film prices started to decline in March due to reduced operating rates in the downstream packaging industry. Chinese producers adjusted their offers in response to the muted Indonesian market. While PET feedstock prices declined, easing manufacturing costs, maintenance shutdowns in China, driven by weak pre-holiday demand, did not significantly tighten the Indonesian supply due to ample existing availability and decreased shipping costs. The packaging sector reported comfortable inventory levels and a cautious procurement strategy.
Europe
The European BOPET film prices encountered significant challenges during the first quarter of 2025. In January, BOPET film prices in Germany declined slightly due to weak consumer sentiment, fueled by concerns over inflation and rising interest rates, which impacted consumer spending. This translated into lower demand for consumer goods, including those packaged in BOPET materials. Furthermore, a decline in the feedstock PET prices has further lowered the manufacturing costs during this timeframe. However, a rebound in BOPET film prices was observed in February 2025 on the back of a shift in market dynamics as the demand for the downstream r-PET has increased due to new regulations imposed by the government, and the demand for procuring BOPET has also increased. Moreover, the cut in feedstock PET operating rates and maintenance shutdown further tightened the supply dynamics due to extreme winter weather which led manufacturers to surge the prices during this timeframe. However, in March, caution translated into reduced demand for BOPET, a key material used in various plastic applications to settle the prices at USD 1957/MT BOPET Film 13 µ (Spot) FD Hamburg during the week ending March 2025.
MEA
The Middle East BOPET film prices experienced a decline of 2.9% in the first quarter of 2025, as compared to the fourth quarter of 2024. In January 2025, BOPET film prices in Saudi Arabia declined due to lower feedstock costs PET. Toward the end of the month, some suppliers encountered increased shipping challenges, while downstream businesses showed little inclination to replenish their stock ahead of the Lunar New Year. Moreover, the demand for the downstream packaging sector remained lull which further eroded the market sentiments. In February 2025, despite the anticipated surge in packaging demand ahead of Ramadan, the demand for BOPET from the downstream packaging sector remained low which led manufacturers to revise their prices negatively. Export orders remained low, amid the onset of Ramadan festivities significantly impacted consumer sentiment, resulting in a noticeable decline in purchasing activity. Moreover, the downstream packaging sectors, key consumers of BOPET, also experienced sluggish performance, further contributing to the muted demand. Consequently, a substantial portion of the available BOPET supply remained unutilized in March 2025 further supporting the downtrend.
For the Quarter Ending December 2024
North America
The fourth quarter of 2024 in the North American region remained bearish due to weak demand from the downstream packaging sector for BOPET Film. Throughout the quarter the BOPET market continued to struggle to elevate the prices.
In October, a notable drop in feedstock Polyethylene Terephthalate (PET) prices has declined the manufacturing costs during this timeframe. An increase in production capacity among manufacturers led to a surplus of BOPET Film in the market, which outpaced demand. The overall demand from the packaging industry remained subdued, primarily due to cautious consumer spending influenced by inflationary pressures and economic uncertainty.
Henceforth, despite the supply from the USA was affected by to labour strike which escalated freight charges significantly, increase in inventory has offset the supply chain pressure. Moreover, the ample domestic supply and weak downstream plastic demand kept the market fundamental at a lower end in December. Henceforth, the overall market was weighed down by sluggish demand as several buyers were prompting cautious trading behavior among market participants due to the destocking procedure.
APAC
The APAC BOPET film market endured a bearish fourth quarter in 2024, grappling with persistent weakness in demand from the downstream packaging sector. Throughout the quarter, manufacturers struggled to achieve price increases for their products. A significant decline in October's feedstock PET prices provided some respite by reducing manufacturing costs. However, the market faced an oversupply of BOPET film due to increased production capacity among manufacturers, exceeding the demand from the packaging industry. While disruptions from Super Typhoon Kong-Rey, ongoing issues in southern and eastern China, and port delays in Vietnam, South Korea, and Japan led to severe shipping delays and rising freight rates, the impact was mitigated by increased inventory levels in November 2024. Despite these supply-side challenges, ample domestic supply and weak downstream plastic demand kept market fundamentals depressed in December. The sluggish demand environment prompted cautious trading behavior among market participants. Many buyers were engaged in destocking procedures, further weighing down the overall market. This combination of factors created a challenging market landscape for BOPET film manufacturers in the fourth quarter of 2024.
Europe
The European BOPET film market encountered significant challenges during the fourth quarter of 2024, primarily driven by a persistent decline in demand from the downstream packaging sector. While a decline in feedstock PET prices in October provided some marginal relief by mitigating production costs, the market was grappling with a substantial oversupply of BOPET film. This oversupply stemmed from a surge in production capacity that outstripped demand from the packaging industry. Although increased inventory levels accumulated in November 2024 offered some degree of mitigation against these supply chain disruptions, the overall impact on market dynamics remained substantial. Despite these supply chain hurdles, the market continued to be weighed down by a confluence of factors. A persistent oversupply of domestic production, coupled with a pronounced weakness in downstream plastic demand, exerted considerable downward pressure on market fundamentals throughout the quarter. This subdued demand environment fostered a climate of caution among market participants. Numerous buyers actively engaged in destocking activities, further dampening market activity and creating a challenging and declining landscape for BOPET film manufacturers operating within the European region during the final quarter of 2024.
MEA
The Middle East BOPET film market experienced a challenging fourth quarter in 2024, marked by a persistent decline in demand from the downstream packaging sector. Throughout the quarter, manufacturers faced significant headwinds, including difficulties in raising product prices and an oversupply of BOPET film. While a drop in October's feedstock PET prices offered some relief by reducing production costs, increased production capacity among manufacturers outpaced demand from the packaging industry, leading to a market surplus. While the Red Sea disruptions impacted shipping, leading to delays and escalating freight rates. However, increased inventory levels accumulated in November 2024 partially mitigated the impact of these supply chain challenges. Despite these disruptions, ample domestic supply and weak downstream plastic demand continued to exert downward pressure on market fundamentals throughout the quarter. The sluggish demand environment fostered a cautious trading environment. Many buyers engaged in destocking activities, further dampening market activity. This combination of factors – weak demand, oversupply, and supply chain disruptions – created a challenging market landscape for BOPET film manufacturers in the MEA region during the fourth quarter of 2024.
For the Quarter Ending September 2024
North America
In the third quarter of 2024, the North American BOPET Film market experienced a significant decline in prices, with the USA facing the most substantial changes. Several factors contributed to this downward trend, including an oversupply in the market and reduced demand from downstream industries. Additionally, logistical challenges stemming from weather disruptions and increased freight costs further exacerbated the situation. The market was also influenced by a decrease in production costs, weak demand from the packaging sector, and a cautious approach by manufacturers aiming to maintain price stability.
The pricing data reveals a decrease of 7% compared to the same quarter last year and a 3% drop from the previous quarter in 2024, reflecting ongoing bearish market sentiment. Furthermore, the comparison between the first and second halves of the quarter indicated a further decline of 1% in prices. These trends highlight the challenges faced by industry stakeholders as they navigate fluctuating demand and supply conditions.
As of the latest quarter-ending, the price for BOPET Film in the USA stood at USD 2,055/MT DDP Los Angeles. This figure underscores a consistently negative pricing environment characterized by various factors leading to a sustained decrease in market prices. Overall, the combination of oversupply, reduced demand, and logistical issues has created a challenging landscape for BOPET Film pricing in North America.
APAC
In Q3 2024, the APAC region witnessed a significant decline in BOPET Film prices, reflecting a challenging market environment. Several factors influenced this downturn, including oversupply issues, weakened demand from downstream industries, and logistical disruptions. These challenges have exerted downward pressure on prices, creating a negative pricing sentiment across the region. China, experiencing the most substantial price changes, has been particularly impacted by these market dynamics. The quarter saw a -15% decrease compared to the same period last year and a -4% decline from the previous quarter. Additionally, a -5% price difference between the first and second half of the quarter further emphasizes the downward trend in pricing. The latest quarter-ending price of USD 1009/MT for BOPET Film 13 µ (Spot) Ex-Shanghai in China underscores the persistent decrease in prices. This data highlights a bearish trend in the BOPET Film market, with prices steadily declining throughout Q3 2024.
Europe
Throughout Q3 2024, the European BOPET Film market experienced a steady decline in prices, with Germany showing the most significant price fluctuations. This decrease was influenced by several key factors, including a shift toward lower demand from downstream industries, which adversely affected overall consumption of BOPET film. Additionally, logistical challenges and rising freight costs disrupted the supply chain, further limiting the availability of BOPET film in the market. The rising production costs, particularly due to increased crude oil prices, added further downward pressure on prices. In Germany, the quarter demonstrated a clear negative trend in BOPET film pricing. Overall, prices showed a 2% decrease compared to the same quarter last year and experienced a 2% decline from the previous quarter in 2024. During the first half of the quarter, prices fell by 1% compared to the second half, highlighting the ongoing downward trend. By the end of the quarter, the price for BOPET Film 13 µ (Spot) FD Hamburg in Germany was recorded at USD 2059/MT. This figure reflects the prevailing sentiment of price reduction within the market.
MEA
In Q3 2024, the MEA region experienced a decline in BOPET Film pricing, driven by several key factors. An oversupply coupled with weakening demand significantly contributed to lower prices. Manufacturers ramped up production, resulting in excess inventory, while the packaging sector faced reduced demand due to macroeconomic challenges and inflationary pressures. Additionally, the devaluation of feedstock PET lowered production costs, allowing suppliers to reduce prices to stay competitive amidst sluggish demand. The slower growth of the PET market in the Middle East and Africa further diminished the demand for BOPET films used in packaging, reinforcing the bearish sentiment in the region. Saudi Arabia, which experienced the most notable price changes, reflected a consistent downward pricing environment. Seasonal factors and market trends contributed to the observed price fluctuations. Compared to the same quarter last year, prices saw a decrease of 2%, indicating an ongoing downward trend. Furthermore, a quarter-on-quarter change of 1% showed a brief increase before prices ultimately fell by 2% between the first and second halves of the quarter. By the end of the quarter, the price for BOPET Film Grade Ex-Riyadh in Saudi Arabia was recorded at USD 1915/MT. This figure underscores the prevailing negative sentiment within the market.
Frequently Asked Questions (FAQs):
1. What is the current price of BOPET in APAC?
By the end of Q2 2025, BOPET Film 13 µ (Spot) prices in China stood at approximately USD 947/MT Ex-Shanghai.
2. What is the current price of BOPET in North America?
By the end of Q2 2025, BOPET Film 13 µ (Spot) prices in the USA stood at approximately USD 1945/MT DDP Los Angeles.
3. What is the current price of BOPET in Europe?
By the end of Q2 2025, BOPET Film 13 µ (Spot) prices in Germany stood at approximately USD 1910/MT FD Hamburg.
4. What is the current price of BOPET in the Middle East & Africa?
By the end of Q2 2025, BOPET Film Grade prices in Saudi Arabia stood at approximately USD 1798/MT Ex-Riyadh.
5. Why did BOPET prices change in July 2025?
• APAC: Prices showed range-bound stability amid high PET feedstock costs and weak global demand. Freight disruptions and slow downstream activity limited any price rise.
• North America: Prices remained unchanged as domestic supply met restrained demand. Trade tensions, port delays, and cautious converter procurement maintained price stability.
• Europe: Prices held flat in early July, driven by limited r-PET availability, Red Sea freight diversions, and neutral converter activity. Supply disruptions failed to spark movement due to soft demand.
• MEA: Prices stayed steady as post-Hajj demand eased and inventory remained high. Freight cost pressure and muted downstream activity led to a rollover pricing strategy.
