Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China (FOB) - 2023
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China (CIF) - 2023
In December 2023, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $1,828 per ton, remaining constant against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 6.2% m-o-m. As a result, import price reached the peak level of $1,969 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($17,809 per ton), while the price for Argentina ($1,225 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 France (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China (FOB) - 2023
In December 2023, the average export price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $2,395 per ton, dropping by -16% against the previous month. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 27% against the previous month. As a result, the export price reached the peak level of $3,074 per ton. From April 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($3,312 per ton), while the average price for exports to Vietnam ($1,994 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 South Africa (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China
In 2022, the amount of propylene, other olefin polymers; polyisobutylene in primary formses imported into China soared to 84K tons, picking up by 22% on 2021 figures. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +63.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses surged to $161M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 60.8 | 64.5 | 77.2 | 119 | 25.1% |
| Japan | 6.0 | 4.1 | 8.5 | 10.3 | 19.7% |
| India | 2.0 | 5.9 | 2.5 | 6.3 | 46.6% |
| Germany | 2.1 | 3.2 | 4.1 | 5.7 | 39.5% |
| France | 7.0 | 7.4 | 9.3 | 5.0 | -10.6% |
| United States | 3.3 | 4.1 | 4.1 | 3.5 | 2.0% |
| Brazil | 2.0 | 6.4 | 1.1 | 2.1 | 1.6% |
| Argentina | N/A | 1.3 | 1.7 | 1.9 | 20.9% |
| Others | 7.0 | 9.7 | 6.8 | 7.0 | 0.0% |
| Total | 90.3 | 107 | 115 | 161 | 21.3% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to China in 2022:
- South Korea (66.4K tons)
- Japan (4.9K tons)
- India (3.8K tons)
- France (1.8K tons)
- Germany (1.8K tons)
- Argentina (1.3K tons)
- Brazil (1.2K tons)
- United States (1.1K tons)
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in China
Exports of propylene, other olefin polymers; polyisobutylene in primary formses from China surged to 12K tons in 2022, jumping by 17% compared with the previous year. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 40%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses soared to $34M in 2022. Over the period under review, exports recorded a significant expansion. 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.4 | 1.0 | 1.0 | 11.3 | 100.6% |
| United Arab Emirates | 0.1 | 0.7 | 2.1 | 3.6 | 230.2% |
| Italy | 4.0 | 3.4 | 2.3 | 3.1 | -8.1% |
| United States | 1.9 | 1.7 | 1.6 | 3.0 | 16.4% |
| Singapore | 1.9 | 6.4 | 5.4 | 2.4 | 8.1% |
| Turkey | 1.7 | 1.7 | 2.1 | 2.3 | 10.6% |
| Germany | 1.7 | 1.1 | 0.8 | 1.7 | 0.0% |
| Belgium | 2.5 | 0.4 | 1.1 | 0.9 | -28.9% |
| Belarus | N/A | N/A | N/A | 0.7 | 0% |
| Vietnam | 0.7 | 0.3 | 0.5 | 0.6 | -5.0% |
| South Korea | 0.7 | 0.9 | 0.8 | 0.6 | -5.0% |
| Iran | 1.0 | 0.6 | 1.1 | 0.3 | -33.1% |
| Others | 2.0 | 1.6 | 3.2 | 3.4 | 19.3% |
| Total | 19.5 | 19.9 | 21.9 | 34.0 | 20.4% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from China in 2022:
- Russia (3871.4 tons)
- United Arab Emirates (1397.5 tons)
- Singapore (1315.0 tons)
- United States (904.0 tons)
- Italy (887.5 tons)
- Turkey (661.1 tons)
- Germany (509.2 tons)
- Belarus (323.3 tons)
- Belgium (265.5 tons)
- South Korea (175.7 tons)
- Iran (144.2 tons)
- Vietnam (142.5 tons)
40
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in China.
572
This report provides an in-depth analysis of the market for polypropylene in primary forms in China.
34
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
928
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
40
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in China.
572
This report provides an in-depth analysis of the market for polypropylene in primary forms in China.
34
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
928
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
108
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
263
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.
666
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
108
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
263
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.
666
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
