Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey (CIF) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey (FOB) - 2023
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey (CIF) - 2023
The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,130 per ton in December 2023, therefore, remained relatively stable 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 October 2023 when the average import price increased by 4.1% m-o-m. The import price peaked at $1,276 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,916 per ton), while the price for Russia ($756 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 Spain (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey (FOB) - 2023
In December 2023, the average export price for polymers of propylene or of other olefins, in primary formses amounted to $1,008 per ton, shrinking by -6.8% against the previous month. In general, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 15% m-o-m. Over the period under review, the average export prices hit record highs at $1,454 per ton in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Azerbaijan ($1,289 per ton), while the average price for exports to Cyprus ($336 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 Romania (-0.7%), while the prices for the other major destinations experienced a decline.
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey
In 2022, overseas purchases of polymers of propylene or of other olefins, in primary formses decreased by -5.8% to 2.4M tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year.
In value terms, imports of polymers of propylene or of other olefins, in primary formses dropped to $3.7B in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +39.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports reached the peak of $4.1B, and then dropped in the following year.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 862 | 678 | 1,373 | 1,366 | 16.6% |
| South Korea | 370 | 285 | 459 | 398 | 2.5% |
| Russia | 40.3 | 160 | 263 | 290 | 93.1% |
| Spain | 136 | 150 | 181 | 206 | 14.8% |
| Egypt | 302 | 245 | 342 | 194 | -13.7% |
| Belgium | 156 | 181 | 178 | 179 | 4.7% |
| United Arab Emirates | 42.1 | 59.7 | 143 | 120 | 41.8% |
| India | 122 | 103 | 122 | 102 | -5.8% |
| China | 7.0 | 7.5 | 113 | 102 | 144.2% |
| Israel | 121 | 140 | 85.3 | 98.9 | -6.5% |
| Italy | 61.1 | 74.9 | 93.6 | 75.2 | 7.2% |
| Oman | 11.7 | 9.6 | 74.6 | 66.2 | 78.2% |
| Greece | 94.0 | 90.0 | 83.8 | 62.6 | -12.7% |
| Others | 468 | 492 | 624 | 477 | 0.6% |
| Total | 2,793 | 2,675 | 4,136 | 3,737 | 10.2% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Turkey in 2022:
- Saudi Arabia (955.7K tons)
- Russia (246.1K tons)
- South Korea (219.8K tons)
- Egypt (134.9K tons)
- Spain (110.6K tons)
- Belgium (87.1K tons)
- United Arab Emirates (78.6K tons)
- Israel (67.9K tons)
- India (65.0K tons)
- China (62.8K tons)
- Oman (45.3K tons)
- Greece (42.7K tons)
- Italy (39.3K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey
In 2022, the amount of polymers of propylene or of other olefins, in primary formses exported from Turkey soared to 114K tons, growing by 19% against 2021 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 183% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of polymers of propylene or of other olefins, in primary formses expanded remarkably to $163M in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 323%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 1.7 | 0.7 | 4.8 | 16.9 | 115.0% |
| Italy | 2.0 | 1.2 | 25.8 | 16.1 | 100.4% |
| Egypt | 4.2 | 3.7 | 7.5 | 12.0 | 41.9% |
| Romania | 2.0 | 3.8 | 17.2 | 11.5 | 79.2% |
| Bulgaria | 0.3 | 0.7 | 9.8 | 9.6 | 217.5% |
| Russia | 1.2 | 1.2 | 2.7 | 8.9 | 95.0% |
| Iran | 2.2 | 3.1 | 3.5 | 6.5 | 43.5% |
| Uzbekistan | 0.3 | 0.4 | 0.1 | 5.5 | 163.7% |
| Israel | 0.7 | 0.5 | 3.2 | 4.9 | 91.3% |
| Libya | 0.3 | 0.8 | 2.0 | 4.7 | 150.2% |
| Azerbaijan | 2.0 | 2.3 | 3.2 | 4.3 | 29.1% |
| Syrian Arab Republic | N/A | N/A | N/A | 3.8 | 0% |
| Georgia | 1.8 | 1.8 | 3.1 | 3.1 | 19.9% |
| Others | 18.8 | 15.5 | 67.6 | 55.3 | 43.3% |
| Total | 37.6 | 35.6 | 151 | 163 | 63.1% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Turkey in 2022:
- Ukraine (12.4K tons)
- Italy (10.4K tons)
- Romania (9.7K tons)
- Russia (7.9K tons)
- Egypt (6.2K tons)
- Bulgaria (5.7K tons)
- Israel (5.3K tons)
- Georgia (4.4K tons)
- Uzbekistan (4.0K tons)
- Iran (3.8K tons)
- Libya (3.4K tons)
- Syrian Arab Republic (3.3K tons)
- Azerbaijan (2.4K tons)
459
This report provides an in-depth analysis of the market for polypropylene in primary forms in Turkey.
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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 Turkey.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Turkey.
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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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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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