Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic (CIF) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic (FOB) - 2022
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,399 per ton, falling by -17% against the previous month. Overall, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in February 2023 when the average import price increased by 25% m-o-m. The import price peaked at $2,243 per ton in March 2022; however, from April 2022 to March 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In March 2023, the countries with the highest prices were Colombia ($1,522 per ton) and the United States ($1,437 per ton), while the price for China ($1,186 per ton) and Saudi Arabia ($1,194 per ton) were amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (-1.6%), while the prices for the other major suppliers experienced a decline.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic (FOB) - 2022
In 2022, the average export price for polymers of propylene or of other olefins, in primary formses amounted to $1,361 per ton, growing by 201% against the previous year. In general, the export price showed a temperate expansion. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,972 per ton), while the average price for exports to Guatemala ($400 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 Peru (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic
In 2022, approx. 35K tons of polymers of propylene or of other olefins, in primary formses were imported into the Dominican Republic; waning by -10.8% against the year before. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 +38.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports reached the peak of 39K tons, and then fell in the following year.
In value terms, imports of polymers of propylene or of other olefins, in primary formses reached $68M in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 121% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.1 | 10.7 | 12.3 | 23.9 | 19.2% |
| Saudi Arabia | 4.1 | 3.8 | 20.4 | 13.0 | 46.9% |
| Colombia | 10.5 | 8.2 | 14.3 | 12.6 | 6.3% |
| China | 3.7 | 2.7 | 13.0 | 9.9 | 38.8% |
| Argentina | N/A | N/A | N/A | 1.9 | 0% |
| South Korea | 0.4 | 0.4 | 0.7 | 1.5 | 55.4% |
| Mexico | 0.3 | 0.7 | 1.0 | 1.4 | 67.1% |
| South Africa | N/A | N/A | 0.4 | 1.2 | 200.0% |
| Others | 3.1 | 4.0 | 5.2 | 2.2 | -10.8% |
| Total | 36.2 | 30.5 | 67.4 | 67.6 | 23.1% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to the Dominican Republic in 2022:
- United States (11.8K tons)
- Saudi Arabia (7.8K tons)
- Colombia (6.5K tons)
- China (4.0K tons)
- Argentina (1.1K tons)
- Mexico (0.8K tons)
- South Korea (0.8K tons)
- South Africa (0.7K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic
In 2022, the amount of polymers of propylene or of other olefins, in primary formses exported from the Dominican Republic skyrocketed to 1.6K tons, rising by 183% on 2021 figures. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of polymers of propylene or of other olefins, in primary formses surged to $2.2M in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | N/A | N/A | N/A | 1,912 | 0% |
| Costa Rica | N/A | N/A | 9.4 | 141 | 1400.0% |
| Haiti | 0.5 | N/A | 43.1 | 79.7 | 442.2% |
| United States | 22.0 | 48.9 | 37.4 | 49.3 | 30.9% |
| Peru | N/A | 5.6 | 28.0 | 28.9 | 127.2% |
| Spain | 95.3 | N/A | 21.0 | 15.9 | -44.9% |
| Guatemala | 26.8 | 19.3 | 18.3 | 13.2 | -21.0% |
| Ecuador | N/A | 18.0 | 104 | N/A | 477.8% |
| Uruguay | 35.8 | 5.7 | N/A | N/A | -84.1% |
| Others | 15.5 | 36.6 | 1.6 | 2.5 | -45.6% |
| Total | 196 | 134 | 263 | 2,243 | 125.4% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from the Dominican Republic in 2022:
- Venezuela (1162.8 tons)
- Costa Rica (314.0 tons)
- Peru (53.5 tons)
- Haiti (45.0 tons)
- Guatemala (33.0 tons)
- United States (25.0 tons)
- Spain (15.0 tons)
225
This report provides an in-depth analysis of the market for polypropylene in primary forms in the Dominican Republic.
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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 the Dominican Republic.
89
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in the Dominican Republic.
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.
