Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia - 2024
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia (CIF) - 2024
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia (CIF) - 2024
The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $1,731 per ton in January 2024, shrinking by -20.1% against the previous month. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 26% month-to-month. As a result, import price reached the peak level of $2,440 per ton. From August 2023 to January 2024, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From January 2023 to January 2024, the rate of growth in terms of prices for Malaysia amounted to +0.6% per month.
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia (FOB) - 2022
The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $4,332 per ton in 2022, declining by -97.9% against the previous year. Overall, the export price, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 2,675%. As a result, the export price reached the peak level of $202,784 per ton, and then shrank markedly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($5,557 per ton), while the average price for exports to Indonesia totaled $3,245 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+10.5%).
Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia
Imports of propylene, other olefin polymers; polyisobutylene in primary formses into Australia stood at 13K tons in 2022, approximately equating the year before. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses expanded markedly to $26M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +51.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 18.3 | 15.2 | 20.2 | 22.7 | 7.4% |
| Malaysia | 0.5 | 1.2 | 1.3 | 1.9 | 56.0% |
| Others | 1.0 | 0.8 | 1.5 | 1.4 | 11.9% |
| Total | 19.8 | 17.2 | 22.9 | 26.0 | 9.5% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to Australia in 2022:
- South Korea (12.1K tons)
- Malaysia (1.0K tons)
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia
In 2022, overseas shipments of propylene, other olefin polymers; polyisobutylene in primary formses were finally on the rise to reach 6.2 tons after two years of decline. Over the period under review, 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 propylene, other olefin polymers; polyisobutylene in primary formses surged to $27K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 17.1 | 0% |
| Singapore | N/A | N/A | N/A | 5.1 | 0% |
| New Zealand | 0.7 | 3.4 | N/A | N/A | 385.7% |
| China | 4.3 | N/A | N/A | N/A | 0% |
| United States | 1.6 | 8.2 | 9.4 | N/A | 142.4% |
| Others | N/A | 0.6 | 0.9 | 4.7 | 179.9% |
| Total | 6.6 | 12.2 | 10.3 | 26.9 | 59.7% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from Australia in 2022:
- Indonesia (5.3 tons)
- Singapore (0.9 tons)
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Australia.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Australia.
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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 global market for polypropylene in primary forms.
70
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Australia.
505
This report provides an in-depth analysis of the market for polypropylene in primary forms in Australia.
47
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
942
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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126
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
284
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.
678
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
