Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland - 2023

Contents:

  1. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland (CIF) - 2023
  2. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland (FOB) - 2022
  3. Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland
  4. Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland

Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland (CIF) - 2023

In November 2023, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $1,886 per ton, growing by 25% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $2,326 per ton in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From November 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to +8.2% per month.

Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland (FOB) - 2022

In 2022, the average export price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $3,590 per ton, growing by 2% against the previous year. In general, the export price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 125%. As a result, the export price attained the peak level of $9,092 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($13,135 per ton), while the average price for exports to Italy ($3,181 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+5.6%), while the prices for the other major destinations experienced a decline.

Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland

In 2022, approx. 1.2K tons of propylene, other olefin polymers; polyisobutylene in primary formses were imported into Finland; increasing by 2.7% on 2021 figures. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 70%. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses soared to $2.5M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany5.11,1671,1441,191515.8%
Belgium1,817890720996-18.2%
France30.6N/AN/A15069.9%
South Korea76.771.452.462.0-6.8%
India95.646.1N/A58.7-15.0%
Others14179.912872.3-20.0%
Total2,1672,2552,0442,5305.3%

Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to Finland in 2022:

  1. Germany (566.8 tons)
  2. Belgium (464.4 tons)
  3. France (73.4 tons)
  4. India (23.8 tons)
  5. South Korea (20.9 tons)

Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland

In 2022, after two years of decline, there was significant growth in overseas shipments of propylene, other olefin polymers; polyisobutylene in primary formses, when their volume increased by 70% to 4.2 tons. Overall, exports, however, saw a precipitous descent.

In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses skyrocketed to $15K in 2022. In general, exports, however, continue to indicate a precipitous shrinkage.

Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/AN/AN/A9.20%
Sweden1.54.16.24.645.3%
Estonia1.92.02.61.5-7.6%
Russia174N/AN/AN/A0%
NetherlandsN/A8.1N/AN/A0%
UkraineN/A48.7N/AN/A0%
OthersN/A2.3N/AN/A0%
Total17865.28.815.2-56.0%

Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from Finland in 2022:

  1. Italy (2.9 tons)
  2. Sweden (1.3 tons)
  3. Estonia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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