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China - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

China - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Apr 25, 2023

China's Propylene Glycol Market Prices Climb to $1,165/Ton

China Propylene Glycol Export Price in February 2023

In February 2023, the propylene glycol price amounted to $1,165 per ton (FOB, China), remaining relatively unchanged against the previous month. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in July 2022 an increase of 2.6% against the previous month. Over the period under review, the average export prices reached the maximum at $2,487 per ton in March 2022; however, from April 2022 to February 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In February 2023, the highest price was recorded for prices to Egypt ($1,260 per ton) and South Korea ($1,255 per ton), while the average price for exports to Turkey ($1,056 per ton) and Poland ($1,076 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-5.3%), while the prices for the other major destinations experienced a decline.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Export Price of Propylene Glycol in China (USD per ton)
Egypt2,4132,4972,3012,1901,9951,9731,5571,4751,5801,1431,0261,0381,260
South Korea4,0492,9582,1501,7572,2721,7741,7021,3691,3721,2401,3111,3721,255
Canada2,5302,5432,0962,0001,9602,0411,6571,4241,4841,3551,2261,2011,243
Australia2,3952,4622,3481,9241,9351,8261,6401,5221,5111,2301,1031,0941,185
Indonesia2,5662,4682,3462,1351,9471,7941,5791,3721,3221,2701,1941,1361,182
Japan2,4742,7892,3312,0391,8411,9111,5271,4881,3851,2601,2541,1551,179
Spain2,4542,5292,7542,1301,8361,8511,5161,2391,4801,2931,2081,0761,152
India2,5592,4092,3151,8791,7601,8111,4521,3401,4941,2851,1661,0891,133
Colombia2,6862,4132,3291,8511,9081,9911,5821,4851,3511,3601,1981,2581,125
Russia2,3472,8352,2282,3851,7991,9461,4591,4851,3901,2871,2051,1121,107
Italy2,2042,515N/A2,0021,7536,0001,2071,2461,3441,1851,1031,0301,100
Poland2,4432,4602,1571,7151,7461,7861,1431,3811,3121,1261,0299911,076
Turkey2,3132,2882,0891,7091,8321,7221,2311,3101,2931,1111,0521,0081,056
Average2,4512,4872,3112,0021,8541,9031,4981,4171,4001,2351,1671,1481,165

China Propylene Glycol Exports

In February 2023, the amount of propylene glycol (propane-1,2-diol) exported from China rose remarkably to 18K tons, picking up by 6.1% compared with the previous month. The total export volume increased at an average monthly rate of +2.9% from February 2022 to February 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in March 2022 when exports increased by 30% against the previous month.

In value terms, propylene glycol exports expanded significantly to $21M (IndexBox estimates) in February 2023. Over the period under review, exports, however, showed a pronounced reduction. The growth pace was the most rapid in March 2022 with an increase of 32% against the previous month. As a result, the exports reached the peak of $41M. From April 2022 to February 2023, the growth of the exports remained at a lower figure.

China Propylene Glycol Exports by Country

Russia (2.3K tons), Turkey (1.8K tons) and Japan (1.1K tons) were the main destinations of propylene glycol exports from China, with a combined 29% share of total exports. These countries were followed by India, Poland, South Korea, Australia, Italy, Egypt, Spain, Colombia, Indonesia and Canada, which together accounted for a further 37%.

From February 2022 to February 2023, the biggest increases were in South Korea (with a CAGR of +37.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propylene glycol exported from China were Russia ($2.5M), Turkey ($1.9M) and Japan ($1.3M), with a combined 28% share of total exports. These countries were followed by India, South Korea, Poland, Australia, Italy, Egypt, Spain, Indonesia, Colombia and Canada, which together accounted for a further 37%.

In terms of the main countries of destination, South Korea, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the propylene glycol market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20142320 - Propylene glycol (propane-1,2-diol)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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