Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States (FOB) - 2023
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States (CIF) - 2023
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States (FOB) - 2023
In December 2023, the average export price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $2,647 per ton, with an increase of 4.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.2%. The growth pace was the most rapid in November 2023 an increase of 19% m-o-m. The export price peaked at $2,727 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was China ($5,152 per ton), while the average price for exports to the UK ($1,546 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 China (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States (CIF) - 2023
In December 2023, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $2,142 per ton, with an increase of 2.8% against the previous month. In general, the import price, however, saw a slight downturn. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 9.5% against the previous month. Over the period under review, average import prices attained the peak figure at $2,627 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat 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 Canada ($6,430 per ton), while the price for Argentina ($1,341 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 Canada (+3.4%), while the prices for the other major suppliers experienced a decline.
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States
After two years of decline, overseas shipments of propylene, other olefin polymers; polyisobutylene in primary formses increased by 31% to 65K tons in 2022. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 $158M in 2022. In general, exports showed 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 25.4 | 41.3 | 34.8 | 77.0 | 44.7% |
| Mexico | 5.1 | 4.2 | 17.9 | 39.6 | 98.0% |
| Canada | 8.6 | 9.5 | 10.1 | 14.6 | 19.3% |
| China | 4.0 | 5.5 | 3.6 | 5.4 | 10.5% |
| Singapore | 20.5 | 9.6 | 9.5 | 5.1 | -37.1% |
| Netherlands | 1.5 | 0.4 | 0.6 | 2.3 | 15.3% |
| India | 5.9 | 4.1 | 3.7 | 0.4 | -59.2% |
| Italy | 7.6 | 5.1 | 3.6 | 0.1 | -76.4% |
| Others | 12.0 | 9.0 | 11.7 | 12.9 | 2.4% |
| Total | 90.7 | 88.7 | 95.4 | 158 | 20.3% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from the United States in 2022:
- France (28.9K tons)
- Mexico (20.3K tons)
- Canada (5.2K tons)
- Singapore (3.0K tons)
- Netherlands (1.9K tons)
- China (1.8K tons)
- India (0.2K tons)
Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United States
In 2022, imports of propylene, other olefin polymers; polyisobutylene in primary formses into the United States rose significantly to 57K tons, growing by 11% compared with the previous year. Overall, imports, however, showed a abrupt setback.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses skyrocketed to $139M in 2022. Over the period under review, imports saw a relatively flat trend pattern. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 26.6 | 19.0 | 35.3 | 41.7 | 16.2% |
| France | 14.3 | 12.2 | 15.7 | 26.1 | 22.2% |
| Germany | 60.4 | 15.2 | 13.6 | 23.7 | -26.8% |
| Argentina | 12.6 | 9.1 | 11.3 | 17.0 | 10.5% |
| Canada | 6.7 | 4.9 | 6.9 | 10.5 | 16.2% |
| Brazil | 5.6 | 3.9 | 3.2 | 8.0 | 12.6% |
| Japan | 5.8 | 4.6 | 4.7 | 6.3 | 2.8% |
| Others | 5.3 | 5.9 | 6.8 | 5.6 | 1.9% |
| Total | 137 | 74.8 | 97.5 | 139 | 0.5% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to the United States in 2022:
- South Korea (18.9K tons)
- France (11.3K tons)
- Argentina (8.4K tons)
- Germany (7.8K tons)
- Brazil (4.8K tons)
- Canada (2.0K tons)
- Japan (1.8K tons)
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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 U.S..
542
This report provides an in-depth analysis of the market for polypropylene in primary forms in the U.S..
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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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863
In June 2022, the polypropylene in primary forms price per ton stood at $2,390 per ton in June 2022, which is down by -1.9% against the previous month.
116
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
268
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.
672
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
