Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey - 2024

Contents:

  1. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey (CIF) - 2024
  2. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey (FOB) - 2022
  3. Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey
  4. Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey

Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey (CIF) - 2024

The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,884 per ton in January 2024, which is down by -7.6% against the previous month. Over the period under review, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in September 2023 an increase of 35% month-to-month. As a result, import price reached the peak level of $4,357 per ton. From October 2023 to January 2024, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,963 per ton), while the price for Brazil ($1,950 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Belgium (+9.6%), 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 Turkey (FOB) - 2022

The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $3,049 per ton in 2022, with an increase of 18% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,836 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($5,983 per ton), while the average price for exports to Belgium ($2,350 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 Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, purchases abroad of propylene, other olefin polymers; polyisobutylene in primary formses decreased by -1.8% to 4.2K tons in 2022. In general, imports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of 4.3% against the previous year.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses skyrocketed to $13M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; 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.

Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea2.32.02.93.312.8%
China1.81.92.32.917.2%
France1.82.52.32.714.5%
Germany1.92.20.81.7-3.6%
Japan0.40.30.60.614.5%
India0.20.10.20.426.0%
Argentina0.20.10.40.426.0%
Brazil0.80.40.30.3-27.9%
Others0.30.20.40.518.6%
Total9.79.810.312.69.1%

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

  1. South Korea (1345.8 tons)
  2. France (998.2 tons)
  3. China (760.6 tons)
  4. Germany (340.5 tons)
  5. Argentina (239.4 tons)
  6. India (138.4 tons)
  7. Japan (134.4 tons)
  8. Brazil (113.4 tons)

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

In 2022, exports of propylene, other olefin polymers; polyisobutylene in primary formses from Turkey surged to 154 tons, rising by 66% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached 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 soared to $470K in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/AN/A2080%
Iran85.345.739.311711.1%
United Arab EmiratesN/AN/AN/A86.70%
BelgiumN/AN/A11933.8-71.6%
Dominican RepublicN/AN/AN/A16.50%
Iraq42.443.020.8N/A-30.0%
Uzbekistan15.636.911.3N/A-14.9%
NetherlandsN/AN/A29.6N/A0%
Others19.919.020.17.4-28.1%
Total16314524047042.3%

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

  1. Russia (69.5 tons)
  2. Iran (45.0 tons)
  3. United Arab Emirates (20.0 tons)
  4. Belgium (14.4 tons)
  5. Dominican Republic (2.8 tons)

Source: IndexBox Market Intelligence Platform

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