Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria - 2023

Contents:

1. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria (CIF) - 2023
2. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria (FOB) - 2022
3. Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria
4. Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria (CIF) - 2023

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,459 per ton in October 2023, dropping by -11.9% against the previous month. Over the period under review, the import price saw a mild decline. The growth pace was the most rapid in November 2022 an increase of 14% m-o-m. As a result, import price attained the peak level of $1,861 per ton. From December 2022 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($7,371 per ton), while the price for South Korea ($1,237 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria (FOB) - 2022

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $2,213 per ton in 2022, shrinking by -3.9% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for propylene, other olefin polymers; propylene copolymers in primary formses increased by +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. As a result, the export price reached the peak level of $2,303 per ton, and then contracted slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($4,698 per ton), while the average price for exports to Serbia ($1,231 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 Ukraine (+37.6%), 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 Bulgaria

In 2022, overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -7.4% to 22K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 2.4% against the previous year. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses contracted modestly to $44M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. As a result, imports reached the peak of $45M, and then shrank in the following year.

Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Bulgaria in 2022:

1. Netherlands (4.4K tons)
2. Belgium (3.8K tons)
3. Austria (2.4K tons)
4. Greece (2.0K tons)
5. Turkey (1.6K tons)
6. South Korea (1.5K tons)
7. Czech Republic (1.2K tons)
8. Germany (1.0K tons)
9. Italy (0.8K tons)
10. Sweden (0.6K tons)
11. Slovakia (0.5K tons)
12. France (0.2K tons)

Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Bulgaria

In 2022, shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -49.8% to 550 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a strong increase. The growth pace was the most rapid in 2021 with an increase of 79%. As a result, the exports attained the peak of 1.1K tons, and then declined significantly in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses declined sharply to $1.2M in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 190% against the previous year. As a result, the exports attained the peak of $2.5M, and then shrank remarkably in the following year.

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

1. Greece (143.4 tons)
2. Italy (125.1 tons)
3. Ukraine (70.1 tons)
4. Germany (59.7 tons)
5. Romania (54.8 tons)
6. North Macedonia (39.8 tons)
7. Turkey (25.9 tons)

Source: IndexBox Market Intelligence Platform