For the Quarter Ending December 2025
North America
• In USA, the R-PET Price Index fell by 12.37% quarter-over-quarter, reflecting weaker demand and imports.
• The average R-PET price for the quarter was approximately USD 1129.00/MT, reflecting subdued procurement activity.
• R-PET Spot Price remained range-bound while the Price Index showed limited upside amid steady feedstock.
• R-PET Production Cost Trend eased as bale costs softened, supporting a lower Price Index level.
• R-PET Demand Outlook remains cautious due to year-end destocking, keeping the Price Index subdued now.
• R-PET Price Forecast indicates mild near-term declines before seasonal restocking potentially re-tightens the Price Index.
• R-PET Price Index reflects ample inventories, export flows as R-PET Spot Price faces import pressure.
• Operational stability at recyclers and softer bale pricing steadied R-PET Production Cost Trend, Price Index.
Why did the price of R-PET change in December 2025 in North America?
• Improved post-consumer bale collections eased feedstock costs, reducing R-PET conversion expenses and further pressuring prices.
• Sustained import availability at lower freight rates increased competition, weakening domestic R-PET Price Index during December.
• Year-end buyer destocking and muted packaging procurement reduced offtake, contributing to softer R-PET Spot Price.
APAC
• In Japan, the R-PET Price Index fell by 11.14% quarter-over-quarter, driven by destocking and import inflows.
• The average R-PET price for the quarter was approximately USD 555.67/MT, reflecting weighted quarterly trading.
• R-PET Spot Price ranged lower earlier quarter, but December tightening supported a stabilizing Price Index.
• R-PET Demand Outlook remained bearish despite packaging sustainability mandates and beverage sector procurement commitments.
• Elevated imports and port inventories pressured domestic offers quarterly.
• R-PET Price Forecast indicates modest recovery into early next year, depending on sustained export demand.
Why did the price of R-PET change in December 2025 in APAC?
• Limited procurement by beverage brand owners, weakened near-term demand amid broader seasonal softness.
• Import competition and seasonal destocking dynamics, combined with moderate domestic run rates, shifted pricing trend.
Europe
• In Germany, the R-PET Price Index fell by 17.11% quarter-over-quarter, reflecting eased demand and ample feedstock availability.
• The average R-PET price for the quarter was approximately USD 1303.00/MT, influenced by inventory overhang, seasonal destocking and feedstock recovery.
• Spot prices remained range-bound, supported only by steady feedstock flows and normalized logistics, with little upward momentum.
• Demand outlook stayed subdued, as packaging and electronics restocking slowed, encouraging cautious procurement and further destocking.
• Export demand and improved inland logistics offered minor relief, but were insufficient to offset domestic oversupply pressures.
• High inventories and narrowing spreads to virgin PET constrained spot activity despite regulatory incentives for recycled content.
• Price forecasts point to modest near-term downside, with potential recovery dependent on stronger industrial consumption in spring.
Why did the price of R-PET change in December 2025 in Europe?
• Abundant post-consumer bale availability boosted supply, increasing inventory overhang and pressuring domestic offers ahead of year-end.
• Seasonal destocking and slower procurement from packaging and electronics sectors weakened demand, reducing support for spot prices.
MEA
• In Saudi Arabia, the R-PET Price Index fell by 1.02% quarter-over-quarter, reflecting balanced supply conditions.
• The average R-PET price for the quarter was approximately USD 745.67/MT, based on spot transactions.
• Stable import offers anchored the R-PET Spot Price, limiting upside despite modest domestic production increases.
• Near-term R-PET Price Forecast points to range-bound movement as seasonal restocking slowly supports offtake modestly.
• Stable feedstock prices kept the R-PET Production Cost Trend muted, constraining producers' incentive for expansion.
• R-PET Demand Outlook remains subdued due to seasonal packaging demand and cautious converter procurement patterns.
• Inventory accumulation and calibrated imports kept the R-PET Price Index neutral, preventing significant price volatility.
• Regional export interest remains limited, with smooth logistics and no major plant outages affecting shipments.
Why did the price of R-PET change in December 2025 in MEA?
• Balanced domestic recycling and steady imports maintained supply, offsetting marginal demand and limiting price movement.
• Stable feedstock and freight costs prevented cost-push inflation, sustaining a neutral R-PET market cost structure.
• Orderly logistics and no outages preserved import parity, while weak export enquiries reduced external demand.
Quarter Ending September 2025
North America
• In the USA, the R-PET Price Index rose by 2.25% quarter-over-quarter, driven by steady demand.
• The average R-PET price for the quarter was approximately USD 1288.33/MT, reflecting stable recyclate conditions.
• R-PET Spot Price weakened amid inventory overhang as sellers trimmed offers to stimulate processor restocking.
• R-PET Production Cost Trend benign as feedstock bale prices were steady, supporting recycler margins overall.
• R-PET Demand Outlook shows steady packaging demand offset by restocking and substitution by virgin PET.
• R-PET Price Index volatility increased regionally as West Coast export flows and tariffs influenced domestic availability.
• High inventories and operating rates at recyclers pressured spot offers despite no plant outages reported.
Why did the price of R-PET change in September 2025 in North America?
• Abundant bale collections increased feedstock availability, prompting sellers to lower offers and exerting downward pressure.
• Elevated inventories across processors forced discounting while weak converter purchasing reduced immediate offtake significantly further.
• Regional export flow changes and tariff effects altered trade incentives, shifting supply balances and depressing domestic prices.
APAC
• In Japan, the R-PET Price Index fell by 2.85% quarter-over-quarter, reflecting subdued downstream demand broadly.
• The average R-PET price for the quarter was approximately USD 625.33/MT based on domestic averages.
• R-PET Spot Price remained range-bound as imports and domestic production balanced inventories, limiting upside pressure.
• R-PET Production Cost Trend remained stable because feedstock prices were moderate, supporting producer margins generally.
• R-PET Demand Outlook stayed moderate as packaging restocking offset electronics sector weakness this quarter seasonally.
• Domestic inventories increased slightly while export demand softened, keeping the R-PET Price Index subdued recently.
• Major reprocessors ran at normal rates, maintaining supply continuity and preventing R-PET Price Index spikes.
Why did the price of R-PET change in September 2025 in APAC?
• Moderating downstream procurement and seasonal adjustments in September reduced offtake, modestly pressuring domestic R-PET prices.
• Stable feedstock values, limited production cost increases, mitigating R-PET Price Index declines during the month.
• Improved logistics and steady imports maintained supply flows, while export demand softened, balancing market dynamics.
Europe
• In Germany, the R-PET Price Index rose by 5.17% quarter-over-quarter, reflecting tighter bale feedstock constraints.
• The average R-PET price for the quarter was approximately USD 1572.00/MT on Hamburg basis.
• R-PET Spot Price edged down during September as the Price Index reflected easing summer demand.
• Energy and labour cost pressures lifted the R-PET Production Cost Trend, constraining recycler output levels.
• R-PET Price Index movements reflected inventory rebuilding and improving export demand as port congestion eased.
• Stable runs at major recyclers limited immediate upside, keeping the R-PET Spot Price range bound.
• Rising freight surcharges and logistics volatility supported supplier pricing power and R-PET Production Cost Trend.
Why did the price of R-PET change in September 2025 in Europe?
• Improved post-consumer bale collection increased available feedstock, easing scarcity and pressuring the R-PET Price Index.
• Seasonal cooling in packaging and electronics lowered offtake, weakening R-PET Spot Price across regional markets.
• Normalization of port operations and logistics restored exports, balancing inventories and dampening near-term price spikes.
MEA
• In Saudi Arabia, the R-PET Price Index rose marginally by 1% quarter-over-quarter, supported by packaging demand.
• The average R-PET price for the quarter was approximately USD 753.33/MT across spot ex-Jeddah deliveries.
• R-PET Spot Price remained range-bound as domestic recyclers balanced supply and steady downstream procurement activities.
• R-PET Production Cost Trend showed marginal pressure from feedstock quality shifts and modest freight increases.
• R-PET Demand Outlook remains cautious with selective procurement and inventory reductions across packaging and electronics sectors.
• R-PET Price Index momentum was weak amid surplus availability and limited export traction in September.
• Domestic recyclers maintained steady operations, keeping utilization normal and preventing abrupt R-PET Spot Price disruptions.
Why did the price of R-PET change in September 2025 in MEA?
• Sustained domestic production with balanced feedstock inflows led to modest oversupply, moderately pressuring September pricing.
• Stable feedstock PET costs and freight increased slightly, marginally offsetting downward pressure on local prices.
• Weaker export inquiries and selective downstream buying reduced offtake, sustaining soft price momentum in September.
For the Quarter Ending June 2025
North America
• The R-PET Spot Price in the USA exhibited a largely stable trend throughout Q2 2025, with minor fluctuations observed in April and July linked to seasonal restocking from beverage manufacturers.
• In April, steady demand from FMCG brands and bottled water manufacturers supported moderate price gains.
• May saw neutral pricing due to cautious inventory strategies, while June maintained a flat trend driven by ample bale availability and stable feedstock prices.
• The R-PET Production Cost Trend remained steady as PET bale collection was efficient across urban recovery zones, and energy prices did not show volatility.
• Recyclers operated at standard throughput with no reported plant disruptions.
• The R-PET Demand Outlook remained positive, especially from the bottled water and beverage segments.
• Despite neutral movement in feedstock costs, downstream offtake from companies kept market confidence intact.
Why did R-PET prices in North America change in July 2025?
• The R-PET Price Index in the USA moved slightly upward in July 2025 due to stronger restocking by beverage companies amid ongoing summer demand.
• The Q3 R-PET Price Forecast suggests steady-to-firm prices supported by strong packaging demand and resilient production cost management.
APAC
• The R-PET Spot Price in Japan showed a firm-to-stable pattern during Q2 2025.
• The Price Index trended upward in April and May but flattened out in June due to stable demand and improved logistics.
• April witnessed strong demand from food-grade packaging producers ahead of Golden Week holidays, driving a slight price increase.
• In May, limited imports and robust domestic consumption sustained this trend.
• By June, however, market momentum moderated as downstream sectors met stocking targets.
• The R-PET Production Cost Trend remained largely consistent across Q2 due to stable PTA feedstock and favourable energy conditions.
• The R-PET Demand Outlook was sustained by procurement from packaging companies and gradual improvement in the electronics and auto component sectors.
Why did R-PET prices in APAC change in July 2025?
• In July 2025, the Price Index increased marginally with renewed orders from FMCG and school-season packaging buyers.
• The Q3 R-PET Price Forecast shows the prices to be stable, as packaging and food-grade demand persists with continued supply-side tightness.
Europe
• The R-PET Spot Price in Germany declined moderately across Q2 2025, and the Price Index reflected a declining trend amid weak packaging activity.
• In April, prices remained under pressure due to high inventories and weak restocking from the retail segment.
• May saw an improvement with summer season encouraging beverage bottling demand, but this was insufficient to alter the downtrend.
• In June, prices stabilized, supported by slight export activity and reduced production at recycling units.
• The R-PET Production Cost Trend stayed flat, though margins were limited due to reduced R-PET resale values.
• Feedstock PET bale availability remained high, but value realization was low due to limited downstream demand.
• The R-PET Demand Outlook stayed cautious as macroeconomic pressures persisted in Western Europe.
• Despite sustainability targets from EU packaging regulations, buyer behaviour remained conservative.
Why did R-PET prices in Europe remain stable in July 2025?
• The Price Index showed early signs of stabilization in July 2025 with increased restocking by companies anticipating Q3 activity.
• The Q3 R-PET Price Forecast suggests recovery, driven by improved seasonal bottling activity and tightening bale availability.
MEA
• The R-PET Spot Price in Saudi Arabia remained flat throughout Q2 2025, with the Price Index showing minimal deviation.
• This stability was supported by steady demand from food packaging and other downstream companies.
• In April, the market was largely influenced by Ramadan-related restocking, keeping prices stable.
• May and June followed similar trends as domestic recyclers maintained cautious output and avoided excess stockpiling.
• The R-PET Production Cost Trend stayed favourable with no significant change in feedstock PET prices or energy costs.
• The R-PET Demand Outlook was stable, supported by food-grade and fibre-grade segment procurement.
• However, competition from virgin PET and export constraints limited potential price upside.
• Why did R-PET prices in MEA remain flat in July 2025?
• The Price Index held flat in July 2025, with reduced demand ahead of Q3 procurement cycles.
• R-PET Price Forecast suggests growth due to expected pre-Hajj stocking and policy-driven sustainability procurement across packaging sectors.
For the Quarter Ending March 2025
North America
The R-PET market in North America remained largely stable throughout Q1 2025. Especially in USA, during January, market participants observed consistent procurement activity, especially from the packaging sector, with prices maintaining steady levels due to sufficient domestic supply and a favourable recycling landscape. By February, downstream offtakes continued at a moderate pace, supported by state-level sustainability mandates. However, competition from lower-priced virgin PET limited any major price growth.
In March, the market sentiment was cautious, and prices reduced slightly compared to February amid normalized demand and high inventory levels among recyclers. Traders reported reduced export activity, while feedstock costs remained stable, providing no significant support to raise prices. While no drastic fluctuations occurred during the quarter, recyclers faced margin pressures as procurement from textile and bottling sectors was slower than expected.
Overall, the U.S. R-PET market concluded Q1 with prices at USD 1,200 per MT for clear flakes grade, a modest price correction but continued to show a well-balanced environment driven by continuous demand fundamentals and adequate domestic collection rates.
APAC
The R-PET market in the Asia Pacific region experienced mixed dynamics across Q1 2025, with divergent trends between major economies like China and India. In China, the quarter began with relatively stable sentiment, but prices steadily declined due to bearish post-holiday demand and excess inventory among recyclers. Packaging and textile sectors resumed operations gradually following the Lunar New Year, but restocking activity remained limited. Export inquiries were average, and the availability of post-consumer PET bales improved, further pressuring prices. Market participants adopted a cautious approach amid economic uncertainties and reduced downstream offtake. Conversely, the Indian market showed resilience throughout the quarter. Strong demand from FMCG and textile companies, combined with policy-driven momentum related to recycled content regulations, supported consistent procurement. While feedstock availability remained stable, regional transportation challenges and moderate fluctuations in bale quality occasionally affected operations. The overall tone in India remained firm, with restocking activities supporting recycling output. While China saw bearish conditions, India maintained a steady and optimistic market outlook during the quarter.
Europe
In Europe, R-PET prices fluctuated notably through Q1 2025. Especially in Germany, January began with a downward trajectory following reduced downstream procurement and limited packaging sector activity. However, a modest 2.4% recovery in early February suggested improving market sentiments. By March, reduced imports from Eastern Europe and inventory restocking boosted the domestic demand. As a result, prices rose by 4.4% compared to February, driven by tight supply and firm demand from downstream sectors preparing for the upcoming quarter. Traders noted better offtake from companies seeking sustainable alternatives to virgin PET. Though feedstock costs stayed mostly unchanged, stable input economics allowed recyclers to operate at moderate capacity levels. Demand from the textile segment was consistent but not overly robust, with the fibre-grade market trailing behind bottle-grade demand. Overall, the market closed the quarter on a stronger note compared to the initial days, with Germany’s R-PET market lifted by tight supply dynamics, supportive regulatory climate, and strengthened demand for food-grade recycled plastics,
MEA
The R-PET market in Saudi Arabia maintained a steady tone during Q1 2025 with limited fluctuations. January witnessed a marginal 0.5% drop in prices due to sufficient inventory and conservative procurement trends. February saw an additional 1.4% decline as demand from textile and packaging sectors slowed, and high inventory levels further pressured prices. Virgin PET’s cost competitiveness continued to challenge R-PET demand in key applications. However, by March, market fundamentals stabilized with mild restocking ahead of Ramadan. Prices remained unchanged compared to the previous month, indicating a balance between consistent domestic supply and steady, though cautious, downstream consumption. No major import or export disruptions were reported, and domestic recyclers continued operating at normal capacity. While textile demand remained subdued, FMCG packaging restocking lent mild support. Overall, Q1 2025 was characterized by low volatility, with producers closely aligning output to real-time demand. The Saudi market ended the quarter on a flat note, shaped by supply-demand equilibrium and moderate international trading scenario.
