Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR (CIF) - 2022
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $2,692 per ton, picking up by 53% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the maximum at $3,044 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,773 per ton), while the price for Taiwan (Chinese) totaled $1,987 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+22.2%), 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 Hong Kong SAR (FOB) - 2022
The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,015 per ton in 2022, dropping by -13.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. Over the period under review, the average export prices reached the maximum at $2,326 per ton in 2021, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.9% per year.
Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR
Imports of propylene, other olefin polymers; polyisobutylene in primary formses into Hong Kong SAR reduced dramatically to 135 tons in 2022, declining by -76.4% against 2021. In general, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 150% against the previous year. As a result, imports reached the peak of 573 tons, and then declined dramatically in the following year.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses contracted notably to $365K in 2022. Overall, imports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, imports reached the peak of $1M, and then fell significantly in the following year.
| Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 262 | 237 | 273 | 202 | -8.3% |
| Taiwan (Chinese) | 405 | 233 | 627 | 163 | -26.2% |
| China | 149 | 63.6 | 87.4 | N/A | -23.4% |
| Others | 121 | 7.9 | 21.9 | N/A | -57.5% |
| Total | 937 | 541 | 1,009 | 365 | -27.0% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to Hong Kong SAR in 2022:
- Taiwan (Chinese) (82.0 tons)
- Japan (53.4 tons)
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR
In 2022, approx. 158 tons of propylene, other olefin polymers; polyisobutylene in primary formses were exported from Hong Kong SAR; shrinking by -73.6% on 2021 figures. Over the period under review, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses contracted significantly to $319K in 2022. Overall, exports showed a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, the exports reached the peak of $1.4M, and then dropped rapidly in the following year.
| Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,310 | 907 | 1,370 | 319 | -37.6% |
| Others | 31.5 | N/A | 24.0 | N/A | -12.7% |
| Total | 1,341 | 907 | 1,394 | 319 | -38.0% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from Hong Kong SAR in 2022:
- China (158.5 tons)
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Hong Kong SAR, China.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Hong Kong SAR, China.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
