U.S. - Polypropylene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Polypropylene in Primary Forms Price per Ton June 2022
U.S. Polypropylene in Primary Forms Export Price per Ton June 2022
In June 2022, the polypropylene in primary forms price per ton stood at $2,390 (FOB, US) in June 2022, which is down by -1.9% against the previous month. Over the last five months, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in May 2022 an increase of 4.9% month-to-month. As a result, the export price attained the peak level of $2,435 per ton, and then declined in the following month.
There were significant differences in the average prices for the major foreign markets. In June 2022, the country with the highest price was Spain ($2,779 per ton), while the average price for exports to Malaysia ($855 per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Polypropylene in Primary Forms Exports
For the third consecutive month, the United States recorded decline in overseas shipments of polypropylene in primary forms, which decreased by -9.1% to 73K tons in June 2022. Overall, exports saw a pronounced slump. The most prominent rate of growth was recorded in March 2022 when exports increased by 21% m-o-m. As a result, the exports attained the peak of 91K tons. From April 2022 to June 2022, the growth of the exports failed to regain momentum.
In value terms, polypropylene in primary forms exports shrank to $173M (IndexBox estimates) in June 2022. Over the period under review, exports recorded a mild reduction. The pace of growth was the most pronounced in March 2022 when exports increased by 24% against the previous month. As a result, the exports attained the peak of $206M. From April 2022 to June 2022, the growth of the exports remained at a somewhat lower figure.
U.S. Polypropylene in Primary Forms Exports by Country
Mexico (35K tons), Canada (24K tons) and Spain (1.8K tons) were the main destinations of polypropylene in primary forms exports from the United States, with a combined 83% share of total exports.
From January 2022 to June 2022, the biggest increases were in Spain (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($83M), Canada ($58M) and Spain ($5M) appeared to be the largest markets for polypropylene in primary forms exported from the United States worldwide, together accounting for 84% of total exports.
Spain, with a CAGR of +37.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the market for polypropylene in primary forms in the U.S.. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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