Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the United States - 2023

Contents:

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

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

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,775 per ton in December 2023, rising by 2.4% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 5.9% m-o-m. The export price peaked at $1,995 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the Netherlands ($5,017 per ton), while the average price for exports to Malaysia ($797 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,528 per ton in December 2023, reducing by -1.8% against the previous month. Over the period under review, the import price showed a slight shrinkage. The pace of growth appeared the most rapid in January 2023 an increase of 8.5% against the previous month. As a result, import price reached the peak level of $2,046 per ton. From February 2023 to December 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 Japan ($4,043 per ton), while the price for Mexico ($1,048 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+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 the United States

In 2022, shipments abroad of polymers of propylene or of other olefins, in primary formses decreased by -0.3% to 1.8M tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when exports increased by 1.9% against the previous year. As a result, the exports reached the peak of 2.1M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of polymers of propylene or of other olefins, in primary formses shrank modestly to $4.4B in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $4.5B, and then fell in the following year.

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

1. Mexico (797.9K tons)
2. Canada (534.0K tons)
3. Belgium (75.0K tons)
4. China (50.0K tons)
5. Singapore (43.7K tons)
6. France (34.1K tons)

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in the United States

Imports of polymers of propylene or of other olefins, in primary formses into the United States reduced remarkably to 664K tons in 2022, shrinking by -21.3% against 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 79%. As a result, imports attained the peak of 843K tons, and then fell remarkably in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses dropped sharply to $1.4B in 2022. Over the period under review, imports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2021 with an increase of 110%. As a result, imports attained the peak of $1.6B, and then reduced dramatically in the following year.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to the United States in 2022:

1. South Korea (160.1K tons)
2. Canada (140.3K tons)
3. Singapore (63.9K tons)
4. Germany (40.8K tons)
5. Saudi Arabia (31.9K tons)
6. Mexico (27.0K tons)
7. Japan (26.6K tons)
8. Belgium (24.7K tons)
9. France (23.5K tons)
10. Netherlands (21.7K tons)
11. Taiwan (Chinese) (18.8K tons)
12. Colombia (14.1K tons)
13. Brazil (11.5K tons)

Source: IndexBox Market Intelligence Platform