Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Canada - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Canada (CIF) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Canada (FOB) - 2022
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Canada
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Canada
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Canada (CIF) - 2023
The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,746 per ton in December 2023, which is down by -1.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 4.6% against the previous month. The import price peaked at $1,960 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -0.8% per month.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Canada (FOB) - 2022
In 2022, the average export price for polymers of propylene or of other olefins, in primary formses amounted to $1,706 per ton, shrinking by -16.4% against the previous year. Overall, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2021 an increase of 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,184 per ton in 2014; however, from 2015 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 Belgium ($2,506 per ton), while the average price for exports to Malaysia ($356 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 Mexico (-0.7%), while the prices for the other major destinations experienced a decline.
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Canada
After three years of growth, overseas purchases of polymers of propylene or of other olefins, in primary formses decreased by -8.3% to 563K tons in 2022. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of 614K tons, and then dropped in the following year.
In value terms, imports of polymers of propylene or of other olefins, in primary formses reduced to $1.3B in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 74%. As a result, imports reached the peak of $1.4B, and then contracted in the following year.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 873 | 760 | 1,281 | 1,229 | 12.1% |
| China | 14.0 | 5.8 | 33.8 | 18.9 | 10.5% |
| Others | 45.2 | 50.4 | 102 | 66.3 | 13.6% |
| Total | 933 | 816 | 1,417 | 1,314 | 12.1% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Canada in 2022:
- United States (526.4K tons)
- China (9.8K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Canada
In 2022, exports of polymers of propylene or of other olefins, in primary formses from Canada skyrocketed to 179K tons, with an increase of 56% against 2021 figures. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of polymers of propylene or of other olefins, in primary formses soared to $306M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 98.3 | 89.6 | 174 | 234 | 33.5% |
| Mexico | 5.8 | 6.1 | 9.0 | 16.0 | 40.2% |
| Belgium | 11.6 | 9.4 | 13.1 | 14.7 | 8.2% |
| China | 7.4 | 7.9 | 10.5 | 8.0 | 2.6% |
| Singapore | 4.6 | 2.4 | 7.2 | 7.1 | 15.6% |
| Malaysia | 1.8 | 3.1 | 2.7 | 1.0 | -17.8% |
| Others | 23.0 | 17.8 | 18.7 | 24.6 | 2.3% |
| Total | 153 | 136 | 235 | 306 | 26.0% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Canada in 2022:
- United States (141.6K tons)
- Mexico (10.1K tons)
- Belgium (5.9K tons)
- China (4.2K tons)
- Singapore (3.7K tons)
- Malaysia (2.9K tons)
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Canada.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Canada.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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