Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia (CIF) - 2023
The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,191 per ton in November 2023, increasing by 6.3% against the previous month. Over the period under review, the import price, however, continues to indicate a slight downturn. Over the period under review, average import prices reached the maximum at $1,365 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Singapore ($1,425 per ton) and Thailand ($1,207 per ton), while the price for Vietnam ($1,082 per ton) and Malaysia ($1,116 per ton) were amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Thailand (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia (FOB) - 2022
The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $3,429 per ton in 2022, rising by 111% against the previous year. Over the period under review, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 United States ($9,878 per ton), while the average price for exports to Thailand ($1,654 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 the United States (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia
In 2022, the amount of propylene, other olefin polymers; propylene copolymers in primary formses imported into Australia reduced to 91K tons, declining by -5.3% on the previous year's figure. Overall, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 67%. As a result, imports attained the peak of 96K tons, and then declined in the following year.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses expanded modestly to $139M in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 119% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.8 | 8.5 | 23.5 | 28.7 | 48.3% |
| Singapore | 10.8 | 9.4 | 13.2 | 15.3 | 12.3% |
| United Arab Emirates | 4.0 | 8.1 | 18.2 | N/A | 113.3% |
| Others | 71.3 | 35.6 | 80.3 | 94.9 | 10.0% |
| Total | 95.0 | 61.6 | 135 | 139 | 13.5% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Australia in 2022:
- Thailand (17.8K tons)
- Singapore (9.0K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia
In 2022, shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -80.3% to 103 tons, falling for the second year in a row after two years of growth. Overall, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, the exports reached the peak of 782 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; propylene copolymers in primary formses declined notably to $353K in 2022. Over the period under review, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2020 with an increase of 9.9%. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.8 | N/A | N/A | 138 | 127.0% |
| New Zealand | 1.7 | 2.6 | 98.1 | 121 | 314.4% |
| France | 102 | N/A | N/A | 47.5 | -22.5% |
| Thailand | 4.8 | 31.6 | 19.3 | 31.1 | 86.4% |
| New Caledonia | N/A | 11.3 | 2.9 | 10.9 | -1.8% |
| United Kingdom | 765 | 832 | 683 | N/A | -5.5% |
| Others | 41.2 | 142 | 45.2 | 4.0 | -54.0% |
| Total | 927 | 1,019 | 849 | 353 | -27.5% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Australia in 2022:
- New Zealand (52.2 tons)
- Thailand (18.8 tons)
- France (14.0 tons)
- United States (14.0 tons)
- New Caledonia (2.9 tons)
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Australia.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Australia.
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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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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Australia.
515
This report provides an in-depth analysis of the market for polypropylene in primary forms in Australia.
49
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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143
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
302
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.
688
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
