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

Contents:

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

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

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,412 per ton in November 2023, increasing by 3.3% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 7.9% month-to-month. As a result, the export price attained the peak level of $1,741 per ton. From February 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the United States ($3,077 per ton), while the average price for exports to China ($1,091 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.4%), while the prices for the other major destinations experienced a decline.

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

The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,417 per ton in November 2023, surging by 6% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 6.8% m-o-m. As a result, import price attained the peak level of $1,559 per ton. From January 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,444 per ton), while the price for the United Arab Emirates ($978 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (-0.1%), while the prices for the other major suppliers experienced a decline.

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

After three years of growth, overseas shipments of polymers of propylene or of other olefins, in primary formses decreased by -6.7% to 556K tons in 2022. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 15% against the previous year.

In value terms, exports of polymers of propylene or of other olefins, in primary formses declined to $919M 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 somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. As a result, the exports attained the peak of $973M, and then fell in the following year.

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

1. China (330.0K tons)
2. Vietnam (32.7K tons)
3. Taiwan (Chinese) (30.7K tons)
4. Thailand (29.4K tons)
5. United States (24.7K tons)
6. Indonesia (16.9K tons)
7. India (14.6K tons)
8. Philippines (11.1K tons)
9. Germany (8.9K tons)

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Japan

Imports of polymers of propylene or of other olefins, in primary formses into Japan soared to 481K tons in 2022, rising by 36% compared with the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% 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 +61.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polymers of propylene or of other olefins, in primary formses surged to $771M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. South Korea (200.9K tons)
2. Thailand (83.3K tons)
3. United Arab Emirates (44.7K tons)
4. Vietnam (37.6K tons)
5. China (29.1K tons)
6. Saudi Arabia (22.1K tons)
7. United States (17.5K tons)
8. Taiwan (Chinese) (12.8K tons)
9. Malaysia (7.6K tons)
10. Singapore (6.6K tons)

Source: IndexBox Market Intelligence Platform