Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Italy - 2023

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Italy (CIF) - 2023
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Italy (FOB) - 2023
3. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Italy
4. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Italy

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Italy (CIF) - 2023

In October 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,218 per ton, declining by -11.8% against the previous month. In general, the import price recorded a mild decline. The growth pace was the most rapid in April 2023 when the average import price increased by 5.5% month-to-month. As a result, import price reached the peak level of $1,546 per ton. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($2,048 per ton), while the price for Oman ($990 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Israel (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Italy (FOB) - 2023

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,984 per ton in October 2023, growing by 6% against the previous month. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Egypt ($3,037 per ton), while the average price for exports to Israel ($871 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+3.4%), 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 Italy

After three years of growth, overseas purchases of polymers of propylene or of other olefins, in primary formses decreased by -9.2% to 1.7M tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 6% against the previous year. As a result, imports attained the peak of 1.9M tons, and then dropped in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses contracted to $3B in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +49.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $3.3B, and then fell in the following year.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Italy in 2022:

1. Germany (378.0K tons)
2. Belgium (241.7K tons)
3. France (147.2K tons)
4. Saudi Arabia (122.8K tons)
5. Spain (115.0K tons)
6. Austria (104.9K tons)
7. South Korea (86.2K tons)
8. Netherlands (74.3K tons)
9. Israel (64.6K tons)
10. Slovakia (38.7K tons)
11. Hungary (37.1K tons)
12. Poland (34.1K tons)
13. Russia (31.5K tons)

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Italy

In 2022, the amount of polymers of propylene or of other olefins, in primary formses exported from Italy shrank to 543K tons, which is down by -11.3% on the previous year's figure. In general, exports saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 611K tons, and then shrank in the following year.

In value terms, exports of polymers of propylene or of other olefins, in primary formses contracted to $1.1B in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 46%. As a result, the exports reached the peak of $1.1B, and then contracted slightly in the following year.

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Italy in 2022:

1. Germany (106.5K tons)
2. France (58.3K tons)
3. Poland (55.7K tons)
4. Spain (44.0K tons)
5. Turkey (37.0K tons)
6. Romania (20.1K tons)
7. Czech Republic (15.2K tons)
8. Austria (14.9K tons)
9. Slovenia (14.5K tons)
10. Israel (13.7K tons)
11. Switzerland (13.6K tons)
12. Hungary (13.5K tons)
13. United Kingdom (10.8K tons)

Source: IndexBox Market Intelligence Platform