Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia - 2022

Contents:

1. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia (CIF) - 2022
2. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia (FOB) - 2022
3. Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia
4. Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia

Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia (CIF) - 2022

In February 2022, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $3,806 per ton, which is down by -14.1% against the previous month. Over the period under review, import price indicated noticeable growth from February 2021 to February 2022: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for propylene, other olefin polymers; polyisobutylene in primary formses decreased by -14.1% against January 2022 indices. The pace of growth was the most pronounced in December 2021 when the average import price increased by 43% month-to-month. The import price peaked at $4,807 per ton in October 2021; however, from November 2021 to February 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($5,830 per ton), while the price for Brazil ($2,964 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), 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 Colombia (FOB) - 2022

In 2022, the average export price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $6,058 per ton, jumping by 73% against the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 311% against the previous year. As a result, the export price reached the peak level of $7,370 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($6,500 per ton), while the average price for exports to Ecuador ($2,500 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 Brazil (+38.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia

In 2022, supplies from abroad of propylene, other olefin polymers; polyisobutylene in primary formses increased by 30% to 685 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses soared to $2.4M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +67.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to Colombia in 2022:

1. United States (434.3 tons)
2. France (81.9 tons)
3. Brazil (60.5 tons)
4. Argentina (31.4 tons)
5. South Korea (26.4 tons)
6. Canada (25.0 tons)
7. Netherlands (18.9 tons)

Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Colombia

In 2022, shipments abroad of propylene, other olefin polymers; polyisobutylene in primary formses decreased by -37.4% to 259 kg, falling for the second consecutive year after two years of growth. In general, exports, however, showed notable growth. The pace of growth was the most pronounced in 2020 with an increase of 86%. As a result, the exports attained the peak of 421 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses reached $1.6K in 2022. The total export value increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from Colombia in 2022:

1. Dominican Republic (218.0 kg)
2. Ecuador (18.0 kg)
3. Peru (14.0 kg)
4. Mexico (9.0 kg)

Source: IndexBox Market Intelligence Platform