Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Thailand - 2024

Contents:

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

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

The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,010 per ton in 2022, increasing by 28% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $2,349 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($2,579 per ton) and Japan ($1,988 per ton), while the price for India ($1,776 per ton) and South Korea ($1,933 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $2,236 per ton, jumping by 60% against the previous year. Over the period under review, the export price showed a notable expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 128% against the previous year. The export price peaked at $7,438 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($9,302 per ton), while the average price for exports to Myanmar ($522 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 Indonesia (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of propylene, other olefin polymers; polyisobutylene in primary formses decreased by -11.9% to 5.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 43%.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses stood at $11M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea3.74.06.46.218.8%
Japan2.11.01.52.67.4%
India0.10.70.40.791.3%
France0.31.00.60.518.6%
Others0.30.30.50.626.0%
Total6.57.19.410.617.7%

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

  1. South Korea (3.2K tons)
  2. Japan (1.3K tons)
  3. India (0.4K tons)
  4. France (0.2K tons)

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

In 2022, the amount of propylene, other olefin polymers; polyisobutylene in primary formses exported from Thailand soared to 108 tons, jumping by 18% on the year before. Overall, exports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, the exports attained the peak of 162 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses soared to $241K in 2022. In general, exports, however, faced a deep downturn.

Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan59.367.738.119749.2%
MyanmarN/A56.982.039.8-16.4%
China13.49.9N/AN/A-26.1%
India22363.21.4N/A-92.1%
Sudan46.446.3N/AN/A-0.2%
Others2.23.26.04.224.1%
Total344247127241-11.2%

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

  1. Myanmar (76.3 tons)
  2. Japan (30.5 tons)

Source: IndexBox Market Intelligence Platform

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