Price for Polymers of Propylene or of Other Olefins, in Primary Forms in India - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in India (CIF) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in India (FOB) - 2023
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in India
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in India
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in India (CIF) - 2023
In October 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,100 per ton, with an increase of 3.3% against the previous month. Overall, the import price, however, showed a mild slump. The pace of growth was the most pronounced in March 2023 when the average import price increased by 8.3% against the previous month. The import price peaked at $1,244 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,342 per ton), while the price for Oman ($838 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 Singapore (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in India (FOB) - 2023
The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,155 per ton in October 2023, picking up by 7.9% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 12% against the previous month. As a result, the export price attained the peak level of $1,160 per ton; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($2,011 per ton), while the average price for exports to Tanzania ($847 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in India
In 2022, the amount of polymers of propylene or of other olefins, in primary formses imported into India soared to 1.5M tons, with an increase of 32% compared with 2021 figures. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +85.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of polymers of propylene or of other olefins, in primary formses surged to $2.2B in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 165 | 160 | 284 | 454 | 40.1% |
| Singapore | 312 | 195 | 376 | 442 | 12.3% |
| Saudi Arabia | 215 | 180 | 306 | 438 | 26.8% |
| China | 13.7 | 13.1 | 182 | 167 | 130.1% |
| Thailand | 95.4 | 60.2 | 130 | 158 | 18.3% |
| South Korea | 127 | 87.6 | 144 | 133 | 1.6% |
| Oman | 29.3 | 36.1 | 53.1 | 90.6 | 45.7% |
| Kuwait | 58.9 | 31.5 | 18.0 | 49.7 | -5.5% |
| United States | 49.6 | 31.5 | 38.3 | 28.5 | -16.9% |
| Others | 167 | 121 | 185 | 190 | 4.4% |
| Total | 1,232 | 916 | 1,716 | 2,150 | 20.4% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to India in 2022:
- United Arab Emirates (375.5K tons)
- Saudi Arabia (353.1K tons)
- Singapore (289.8K tons)
- China (113.4K tons)
- Thailand (94.5K tons)
- Oman (76.0K tons)
- South Korea (75.0K tons)
- Kuwait (40.9K tons)
- United States (17.1K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in India
In 2022, overseas shipments of polymers of propylene or of other olefins, in primary formses decreased by -21.7% to 416K tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 59% against the previous year. As a result, the exports attained the peak of 892K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of polymers of propylene or of other olefins, in primary formses declined sharply to $502M in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $756M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 100 | 91.7 | 129 | 76.4 | -8.6% |
| China | 135 | 319 | 60.2 | 64.0 | -22.0% |
| Bangladesh | 19.0 | 41.0 | 40.9 | 51.8 | 39.7% |
| Nepal | 39.2 | 36.0 | 63.1 | 47.0 | 6.2% |
| Vietnam | 38.2 | 53.4 | 45.0 | 41.4 | 2.7% |
| Indonesia | 17.2 | 14.2 | 18.5 | 27.0 | 16.2% |
| Italy | 35.5 | 12.7 | 34.8 | 19.8 | -17.7% |
| Portugal | 30.3 | 24.6 | 41.9 | 16.5 | -18.3% |
| Israel | 19.2 | 18.3 | 45.3 | 15.8 | -6.3% |
| United Arab Emirates | 2.4 | 2.3 | 4.5 | 15.6 | 86.6% |
| Thailand | 0.7 | 1.7 | 4.8 | 12.2 | 159.3% |
| Nigeria | 13.7 | 13.1 | 25.0 | 11.9 | -4.6% |
| Kenya | 9.6 | 14.0 | 18.6 | 8.9 | -2.5% |
| Others | 135 | 115 | 182 | 93.6 | -11.5% |
| Total | 596 | 756 | 714 | 502 | -5.6% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from India in 2022:
- China (64.6K tons)
- Turkey (60.8K tons)
- Bangladesh (48.0K tons)
- Vietnam (37.3K tons)
- Nepal (37.1K tons)
- Indonesia (25.2K tons)
- Italy (14.1K tons)
- Portugal (13.2K tons)
- Israel (13.1K tons)
- Nigeria (9.8K tons)
- Kenya (8.4K tons)
- Thailand (8.3K tons)
- United Arab Emirates (7.3K tons)
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This report provides an in-depth analysis of the market for polypropylene in primary forms in India.
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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 India.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in India.
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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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Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
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549
Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
267
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.
671
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.
