Polypropylene in Primary Forms Market

Polypropylene in primary forms market: get recently published info secured by an Ai-driven market research tool. Data cover market size, trade, consumption, imports, companies, exports, market prices, and production. Here is a breakdown by region, including Latin America, the Middle East, China, the U.S., Africa, Russia, the U.K., and EU. Market trends and outlook to 2030 are also featured in the dashboards.

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Polypropylene in Primary Forms - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

In China, the polypropylene in primary forms market expanded at an average annual rate of +2.8% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-6.9% per year) and India (-6.9% per year).

Polypropylene in Primary Forms Prices

Polypropylene in Primary Forms - Top Importers

In value terms, China ($4.5B) constitutes the largest market for imported polypropylene in primary forms worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Turkey ($2.1B), with a 8.5% share of global imports. It was followed by Germany, with a 4.6% share.

In China, polypropylene in primary forms imports increased at an average annual rate of +4.2% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Turkey (-3.6% per year) and Germany (-13.6% per year).

Polypropylene in Primary Forms - Top Exporters

In value terms, Saudi Arabia ($4.8B) remains the largest polypropylene in primary forms supplier worldwide, comprising 20% of global exports. The second position in the ranking was occupied by South Korea ($1.9B), with a 8.3% share of global exports. It was followed by the United States, with a 6.1% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Saudi Arabia totaled -9.7%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-10.1% per year) and the United States (-6.2% per year).

Polypropylene in Primary Forms - Market Forecast

Driven by rising demand for polypropylene in primary forms worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Polypropylene in Primary Forms - Product Coverage

• HS 390210 - Propylene, other olefin polymers; polypropylene in primary forms

Source: IndexBox Market Intelligence Platform