Track Polyethylene Terephthalate (PET) Price Chart Historical and Forecast

Executive Summary

The global Polyethylene Terephthalate (PET) market experienced pronounced volatility from late 2024 through Q3 2025, shaped by oversupply conditions, uneven downstream demand recovery, fluctuating feedstock costs, and evolving global trade flows. Across most regions, PET prices faced persistent downward pressure driven by high inventory levels, aggressive import competition, and cautious procurement behavior from beverage and packaging sectors. While certain markets such as Japan displayed brief price resilience due to domestic demand support, the broader global landscape remained largely bearish.

In Q3 2025, North America and South America recorded sharp quarter-over-quarter price declines due to oversupply and weak seasonal offtake, while Europe saw moderate softness amid subdued converter demand and competitive Asian imports. APAC markets remained structurally oversupplied, with limited upside despite intermittent seasonal restocking. Feedstock trends for Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG) provided minimal cost support, keeping production economics stable but offering little resistance to price erosion.

Looking ahead, the PET price forecast suggests continued range-bound to mildly bearish movements in the near term, as global inventories remain elevated and procurement strategies remain defensive. Any sustained recovery will depend on meaningful inventory drawdowns, demand revival in beverage applications, and tighter supply discipline across major producing regions.

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Introduction

Polyethylene Terephthalate is a critical polymer used extensively in beverage bottles, food packaging, textiles, and industrial applications. As a globally traded commodity closely linked to crude oil derivatives and petrochemical feedstocks, PET pricing reflects a complex interaction of upstream cost movements, downstream demand cycles, logistics efficiency, and international trade dynamics.

Between Q4 2024 and Q3 2025, the global PET market navigated a challenging environment marked by oversupply, muted consumer demand, and rising competition from recycled PET in certain regions. While temporary logistical disruptions and seasonal demand spikes created short-lived price movements, the overall market structure remained tilted toward surplus availability.

This report provides a comprehensive analysis of PET price trends and forecasts, with a focus on quarterly movements, regional dynamics, production cost trends, procurement behavior, and trade-flow impacts across North America, APAC, and Europe.

Global PET Price Overview

Globally, PET prices trended downward across most major markets during 2024 and 2025. The dominant themes influencing pricing included:

Elevated operating rates among producers despite weak downstream demand
Aggressive export offers from Asia increasing competitive pressure
High inventory accumulation across key consuming regions
Limited cost push from PTA and MEG feedstocks
Cautious buyer sentiment amid macroeconomic uncertainty
Seasonal demand from beverage and packaging sectors provided intermittent support, particularly during warmer months, but this was insufficient to offset the structural oversupply present in the global market. Logistics normalization and easing freight rates further reduced import costs, amplifying price competition.

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PET Price Summary Table

Below is a consolidated summary of PET price indices and average prices based on the provided data.

Region Country/Hub Quarter Ending Price Index Change QoQ Average Price

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North America USA Sep 2025 -9.71% USD 1029/MT FAS

APAC Japan Sep 2025 +3.08% USD 815.33/MT CFR

Europe Germany Sep 2025 -1.72% USD 1084.67/MT

MEA Saudi Arabia Sep 2025 +0.20% USD 1017.67/MT

South America Brazil Sep 2025 -9.8% USD 1058.67/MT

Regional Market Analysis

North America PET Market

In Q3 2025, the North American PET market remained under significant pressure, with the US PET Price Index declining by 9.71 percent quarter over quarter. Average prices settled around USD 1029 per metric ton on an FAS Houston basis.

The primary driver behind the decline was persistent oversupply. Domestic production remained steady, while low-cost imports continued to enter the market, undercutting domestic offers. Elevated inventories accumulated earlier in the year limited sellers' pricing power, even during the expected seasonal demand window for beverages.

Production cost trends remained contained as PTA prices stayed largely stable and MEG movements were modest. As a result, producers faced limited cost-push justification for price increases. Procurement behavior reflected caution, with buyers prioritizing short-term coverage and avoiding forward commitments amid uncertain demand visibility.

Logistics factors such as port congestion variability, tariff uncertainties, and crude oil price fluctuations further dampened buyer confidence, reinforcing a wait-and-watch approach. The near-term price forecast for North America suggests limited upside, with continued pressure from import competition and inventory headwinds.

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Asia-Pacific PET Market

The APAC PET market presented a mixed picture in Q3 2025. In Japan, the PET Price Index rose by 3.08 percent quarter over quarter, supported by relatively stronger domestic demand and short-term restocking activity. Average prices stood at approximately USD 815.33 per metric ton on a CFR Tokyo basis.

Despite this increase, spot prices remained largely range-bound due to balanced supply conditions and moderate procurement by bottlers. Abundant inventories across the region and subdued export demand capped further price appreciation.

Production cost trends softened as MEG prices eased while PTA values remained stable, reducing cost pressures on producers. Easing inter-Asia freight rates and manageable logistics also lowered import costs, limiting upward pricing momentum.

Across broader APAC markets, including Southeast Asia and China, persistent supply overhang, high operating rates, and weak downstream demand continued to weigh on prices. Producer curtailments were implemented selectively to rebalance supply, but these measures provided only temporary relief.

Europe PET Market

The European PET market remained soft in Q3 2025, with Germany recording a 1.72 percent quarter-over-quarter decline in the PET Price Index. Average prices hovered around USD 1084.67 per metric ton.

Ample supply availability following completed maintenance cycles increased market volumes, while downstream demand from converters remained subdued. Buyers focused on immediate requirements, avoiding strategic restocking amid economic uncertainty and weak consumer sentiment.

Production cost trends eased as MEG prices softened, partially offsetting stable PTA costs. This allowed sellers to offer discounts without significant margin compression. Competitive Asian imports further pressured domestic prices, intensifying competition across spot markets.

Logistical disruptions, including intermittent port congestion and delivery variability, created short-term availability tightness in select locations but were insufficient to shift the overall bearish sentiment.

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Historical Quarterly Review

From Q4 2024 through Q3 2025, PET markets globally transitioned from mild stabilization to sustained bearishness. Q4 2024 saw declining prices across North America, Europe, APAC, and South America due to weak demand and falling PTA costs. Q1 2025 introduced volatility, with temporary price increases driven by logistical concerns and feedstock movements, followed by renewed softness.

Q2 2025 reinforced bearish trends as elevated inventories, weak consumer demand, and aggressive imports dominated market fundamentals. By Q3 2025, despite seasonal demand expectations, most regions failed to achieve meaningful price recovery.

Production and Cost Structure Insights

PET production economics during this period were characterized by stable to soft feedstock costs. PTA prices showed limited volatility, while MEG experienced periodic declines due to oversupply. Energy and logistics costs remained manageable, preventing significant cost-push inflation.

As a result, producers faced margin pressure primarily from selling price erosion rather than rising input costs. This environment incentivized higher operating rates in some regions to maintain cash flow, inadvertently worsening supply imbalances.

Procurement Outlook

PET procurement behavior has shifted decisively toward short-term and opportunistic buying. Buyers across regions prioritized inventory optimization, avoided forward coverage, and leveraged competitive import offers to negotiate lower prices.

The near-term procurement outlook suggests continued cautious purchasing, with limited restocking unless clear demand recovery signals emerge. Any tightening in supply or sustained feedstock cost increases could alter this dynamic, but current indicators point to ongoing conservatism.

Frequently Asked Questions

What is driving the current PET price weakness globally

Persistent oversupply, high inventories, weak downstream demand, and aggressive import competition are the primary factors.

Are feedstock costs supporting PET prices

Feedstock PTA and MEG costs remain stable to soft, offering minimal price support.

Which region showed price resilience in Q3 2025

Japan recorded modest price gains due to domestic demand and short-term restocking.

What is the near-term PET price forecast

Prices are expected to remain range-bound with mild downside risk unless demand improves materially.

How are buyers adjusting procurement strategies

Buyers are adopting short-term, spot-focused procurement and delaying forward commitments.

How ChemAnalyst Supports PET Buyers

ChemAnalyst empowers PET buyers with real-time market intelligence, weekly price updates, and forward-looking forecasts across global regions. By tracking supply-demand balances, feedstock trends, trade flows, and plant operating rates, ChemAnalyst helps procurement teams anticipate market movements and optimize purchasing decisions.

With on-ground intelligence from major trading hubs and ports worldwide, ChemAnalyst provides actionable insights into logistics disruptions, import dynamics, and production risks. This comprehensive coverage enables buyers to manage supply chains proactively, reduce cost exposure, and stay ahead in an increasingly competitive global PET market.

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This release was published on openPR.