Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines (CIF) - 2022
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines (CIF) - 2022
The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,015 per ton in 2022, declining by -46.5% against the previous year. In general, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 59% against the previous year. The import price peaked at $3,768 per ton in 2021, and then contracted markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($5,895 per ton), while the price for Thailand ($1,180 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+128.1%), 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 the Philippines (FOB) - 2022
The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $8,795 per ton in 2022, rising by 20% against the previous year. Overall, the export price saw a significant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 89%. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +31.0% per year.
Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines
In 2022, approx. 240 tons of propylene, other olefin polymers; polyisobutylene in primary formses were imported into the Philippines; reducing by -15.7% against the previous year's figure. Over the period under review, imports faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 166% against the previous year.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses reduced remarkably to $484K in 2022. Overall, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 169% against the previous year. As a result, imports attained the peak of $1.1M, and then fell significantly in the following year.
| Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 64.2 | 27.3 | 61.5 | 172 | 38.9% |
| South Korea | 12.5 | 1.1 | 27.5 | 153 | 130.5% |
| Canada | 79.4 | 25.2 | 36.9 | 109 | 11.1% |
| Japan | 30.9 | 33.8 | 164 | 26.0 | -5.6% |
| Singapore | 411 | 156 | 312 | 12.4 | -68.9% |
| China | 60.5 | 20.6 | 16.2 | N/A | -48.3% |
| Australia | 111 | 57.7 | 159 | N/A | 19.7% |
| Saudi Arabia | 95.4 | 46.9 | 139 | N/A | 20.7% |
| Others | 77.8 | 31.0 | 156 | 11.4 | -47.3% |
| Total | 942 | 399 | 1,073 | 484 | -19.9% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to the Philippines in 2022:
- Thailand (146.0 tons)
- South Korea (57.6 tons)
- Canada (26.2 tons)
- Japan (4.4 tons)
- Singapore (3.6 tons)
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines
In 2022, overseas shipments of propylene, other olefin polymers; polyisobutylene in primary formses decreased by -9.2% to 533 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 264%. As a result, the exports attained the peak of 15 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses rose notably to $4.7K in 2022. In general, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 341%. As a result, the exports reached the peak of $57K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.3 | 1.5 | 0.2 | 4.7 | 150.2% |
| China | 0.4 | 1.3 | 0.1 | N/A | -50.0% |
| Malaysia | 0.4 | 2.4 | 0.3 | N/A | -13.4% |
| United States | 12.0 | 52.0 | 3.5 | N/A | -46.0% |
| Others | N/A | 0.2 | 0.2 | N/A | 0.0% |
| Total | 13.0 | 57.3 | 4.3 | 4.7 | -28.8% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from the Philippines in 2022:
- Japan (533.0 kg)
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This report provides an in-depth analysis of the market for polypropylene in primary forms in the Philippines.
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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 market for polyolefins other than polypropylene in the Philippines.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in the Philippines.
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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.
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Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
