Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada (FOB) - 2023
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada (CIF) - 2023
In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,929 per ton, picking up by 4.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 5.7% month-to-month. Over the period under review, average import prices attained the peak figure at $2,061 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -0.5% per month.
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada (FOB) - 2023
In October 2023, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,131 per ton, with an increase of 5.6% against the previous month. Over the period under review, the export price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in July 2023 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices hit record highs at $1,724 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($2,890 per ton), while the average price for exports to the United States ($1,034 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada
In 2022, after three years of growth, there was significant decline in overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses, when their volume decreased by -12.9% to 245K tons. Over the period under review, imports showed a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by 5.4%. As a result, imports attained the peak of 282K tons, and then fell in the following year.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses fell to $592M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.6% 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 +48.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. As a result, imports reached the peak of $670M, and then fell in the following year.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 432 | 375 | 615 | 564 | 9.3% |
| Others | 30.4 | 23.9 | 54.5 | 27.8 | -2.9% |
| Total | 462 | 399 | 670 | 592 | 8.6% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Canada in 2022:
- United States (233.9K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada
In 2022, exports of propylene, other olefin polymers; propylene copolymers in primary formses from Canada contracted to 30K tons, waning by -14.5% against the previous year. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports reached the peak of 36K tons, and then reduced in the following year.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses shrank to $56M in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 197% against the previous year. As a result, the exports attained the peak of $65M, and then fell in the following year.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.0 | 17.2 | 47.9 | 38.1 | 30.9% |
| Singapore | 2.3 | 0.5 | 7.1 | 7.0 | 44.9% |
| Belgium | 2.7 | 1.1 | 3.6 | 4.8 | 21.1% |
| China | 1.0 | 0.8 | 2.7 | 3.3 | 48.9% |
| Poland | 1.1 | 1.1 | 1.7 | 0.7 | -14.0% |
| Others | 1.9 | 1.2 | 1.9 | 1.7 | -3.6% |
| Total | 26.1 | 21.8 | 64.9 | 55.5 | 28.6% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Canada in 2022:
- United States (21.4K tons)
- Singapore (3.7K tons)
- Belgium (2.5K tons)
- China (1.8K tons)
- Poland (0.3K tons)
36
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Canada.
437
This report provides an in-depth analysis of the market for polypropylene in primary forms in Canada.
44
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
936
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
36
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Canada.
437
This report provides an in-depth analysis of the market for polypropylene in primary forms in Canada.
44
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
936
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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 ...
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 ...
