Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium - 2023

Contents:

1. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium (CIF) - 2022
2. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium (FOB) - 2022
3. Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium
4. Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium (CIF) - 2022

In 2022, the average import price for liquefied ethylene, propylene, butylene and butadienes amounted to $1,017 per ton, growing by 25% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61% against the previous year. The import price peaked at $1,094 per ton in 2012; however, from 2013 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 the UK ($1,218 per ton) and Norway ($1,175 per ton), while the price for France ($946 per ton) and the United States ($949 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium (FOB) - 2022

The average export price for liquefied ethylene, propylene, butylene and butadienes stood at $892 per ton in 2022, with an increase of 37% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,839 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($946 per ton), while the average price for exports to the UK ($837 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 the Netherlands (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium

In 2022, overseas purchases of liquefied ethylene, propylene, butylene and butadienes decreased by -6.1% to 749K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19%.

In value terms, imports of liquefied ethylene, propylene, butylene and butadienes soared to $761M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 71%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Liquefied Ethylene, Propylene, Butylene and Butadiene to Belgium in 2022:

1. Norway (172.2K tons)
2. Netherlands (157.9K tons)
3. Turkey (118.9K tons)
4. Germany (101.4K tons)
5. France (76.7K tons)
6. United Kingdom (47.9K tons)
7. United States (37.1K tons)

Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Belgium

After three years of growth, overseas shipments of liquefied ethylene, propylene, butylene and butadienes decreased by -5.2% to 241K tons in 2022. The total export volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 26%.

In value terms, exports of liquefied ethylene, propylene, butylene and butadienes soared to $215M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Liquefied Ethylene, Propylene, Butylene and Butadiene from Belgium in 2022:

1. Germany (228.2K tons)
2. Netherlands (12.5K tons)
3. United Kingdom (2.4K tons)

Source: IndexBox Market Intelligence Platform