Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR (FOB) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR (CIF) - 2023
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR (FOB) - 2023
In October 2023, the average export price for polymers of propylene or of other olefins, in primary formses amounted to $1,303 per ton, with an increase of 5.5% against the previous month. Over the period under review, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 10% m-o-m. As a result, the export price attained the peak level of $1,505 per ton. From February 2023 to October 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In October 2023, the country with the highest price was China ($1,312 per ton), while the average price for exports to the Dominican Republic stood at $948 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.1%).
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,237 per ton, increasing by 2% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 13% month-to-month. Over the period under review, average import prices hit record highs at $1,313 per ton in January 2023; however, from February 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($2,204 per ton), while the price for Saudi Arabia ($979 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR
In 2022, the amount of polymers of propylene or of other olefins, in primary formses exported from Hong Kong SAR contracted sharply to 156K tons, declining by -57.6% on the previous year. Over the period under review, exports faced a sharp contraction. The smallest decline of -1.5% was in 2020.
In value terms, exports of polymers of propylene or of other olefins, in primary formses fell dramatically to $234M in 2022. Overall, exports saw a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 6.9%.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 534 | 495 | 515 | 219 | -25.7% |
| Vietnam | 3.7 | 5.6 | 6.0 | 4.2 | 4.3% |
| Others | 7.5 | 6.4 | 21.2 | 10.9 | 13.3% |
| Total | 546 | 507 | 542 | 234 | -24.6% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Hong Kong SAR in 2022:
- China (145.2K tons)
- Vietnam (2.6K tons)
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of polymers of propylene or of other olefins, in primary formses, which decreased by -58.5% to 139K tons in 2022. In general, imports faced a dramatic setback. The smallest decline of -2.2% was in 2020.
In value terms, imports of polymers of propylene or of other olefins, in primary formses reduced remarkably to $202M in 2022. Overall, imports recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 8.2% against the previous year.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 96.7 | 102 | 122 | 48.6 | -20.5% |
| South Korea | 87.6 | 78.6 | 95.5 | 42.3 | -21.5% |
| China | 84.1 | 80.6 | 71.1 | 27.5 | -31.1% |
| Saudi Arabia | 56.9 | 47.1 | 47.6 | 18.0 | -31.9% |
| Singapore | 40.1 | 32.2 | 33.7 | 12.2 | -32.7% |
| Malaysia | 51.0 | 29.1 | 20.0 | 8.3 | -45.4% |
| Thailand | 24.1 | 19.2 | 23.6 | 7.1 | -33.5% |
| Others | 48.2 | 48.5 | 59.7 | 37.6 | -7.9% |
| Total | 489 | 438 | 474 | 202 | -25.5% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Hong Kong SAR in 2022:
- Taiwan (Chinese) (37.1K tons)
- South Korea (33.3K tons)
- China (20.0K tons)
- Saudi Arabia (15.3K tons)
- Singapore (8.2K tons)
- Malaysia (6.3K tons)
- Thailand (5.1K tons)
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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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This report provides an in-depth analysis of the market for polypropylene in primary forms in Hong Kong SAR, China.
50
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Hong Kong SAR, China.
936
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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Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
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Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
