Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Iran - 2022

Contents:

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

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

In 2022, the average export price for liquefied ethylene, propylene, butylene and butadienes amounted to $601 per ton, with a decrease of -2.6% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 5.2% against the previous year. The export price peaked at $1,267 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($884 per ton), while the average price for exports to the Philippines ($313 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 Taiwan (Chinese) (-3.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for liquefied ethylene, propylene, butylene and butadienes amounted to $23,305 per ton, picking up by 17% against the previous year. In general, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 35% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($8,623 per ton), while the price for the United Arab Emirates totaled $6,900 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.4%).

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

Exports of liquefied ethylene, propylene, butylene and butadienes from Iran was estimated at 29K tons in 2022, surging by 6.2% on 2021 figures. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of 31K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of liquefied ethylene, propylene, butylene and butadienes rose modestly to $17M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, the exports reached the peak of $18M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. China (17.8K tons)
2. Philippines (8.3K tons)
3. Taiwan (Chinese) (2.6K tons)
4. Russia (0.3K tons)

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

In 2022, imports of liquefied ethylene, propylene, butylene and butadienes into Iran was estimated at 696 kg, growing by 2.5% against the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 2.6%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of liquefied ethylene, propylene, butylene and butadienes surged to $16K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. United Arab Emirates (2.0 tons)
2. China (1.1 tons)

Source: IndexBox Market Intelligence Platform