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

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Qatar (CIF) - 2023
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Qatar (FOB) - 2022
3. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Qatar
4. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Qatar

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

In October 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,033 per ton, remaining stable against the previous month. Over the period under review, the import price, however, showed a mild curtailment. The pace of growth appeared the most rapid in February 2023 an increase of 20% month-to-month. Over the period under review, average import prices hit record highs at $1,259 per ton in July 2023; however, from August 2023 to October 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were Thailand ($1,183 per ton) and Saudi Arabia ($1,121 per ton), while the price for Oman ($993 per ton) and Kuwait ($1,015 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced a decline.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Qatar (FOB) - 2022

In 2022, the average export price for polymers of propylene or of other olefins, in primary formses amounted to $1,306 per ton, shrinking by -36.9% against the previous year. Over the period under review, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 559% against the previous year. As a result, the export price reached the peak level of $4,145 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($1,564 per ton), while the average price for exports to Georgia ($1,008 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 China (+24.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of polymers of propylene or of other olefins, in primary formses into Qatar skyrocketed to 14K tons, jumping by 20% against 2021 figures. Overall, imports, however, continue to indicate a mild curtailment.

In value terms, imports of polymers of propylene or of other olefins, in primary formses stood at $20M in 2022. The total import value increased at an average annual rate of +5.3% 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 2021 when imports increased by 14%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. Oman (5.0K tons)
2. Kuwait (4.9K tons)
3. China (1.1K tons)
4. Saudi Arabia (0.7K tons)
5. Thailand (0.5K tons)
6. India (0.4K tons)
7. South Korea (0.4K tons)

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

Exports of polymers of propylene or of other olefins, in primary formses from Qatar contracted notably to 168 tons in 2022, dropping by -57.3% compared with the previous year's figure. In general, exports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 159%.

In value terms, exports of polymers of propylene or of other olefins, in primary formses declined remarkably to $219K in 2022. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 67%.

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

1. India (74.4 tons)
2. Algeria (49.5 tons)
3. Kuwait (26.1 tons)
4. Georgia (17.5 tons)

Source: IndexBox Market Intelligence Platform