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

Contents:

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

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

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,181 per ton in December 2023, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 14% month-to-month. As a result, import price attained the peak level of $1,292 per ton. From May 2023 to December 2023, the average import prices remained 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 Japan ($1,747 per ton), while the price for Russia ($812 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 Russia (+1.5%), 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 China (FOB) - 2023

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,456 per ton in December 2023, almost unchanged from the previous month. In general, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in April 2023 an increase of 7% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,708 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Russia ($2,292 per ton), while the average price for exports to Montenegro ($888 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 Vietnam (+1.3%), 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 China

In 2022, purchases abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -2.5% to 1.6M tons, falling for the second consecutive year after two years of growth. In general, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 17%. As a result, imports reached the peak of 2M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses fell to $2.1B in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 4% against the previous year.

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

1. Singapore (408.6K tons)
2. South Korea (354.2K tons)
3. Taiwan (Chinese) (320.0K tons)
4. United Arab Emirates (170.7K tons)
5. Saudi Arabia (134.6K tons)
6. Thailand (46.7K tons)
7. Japan (38.8K tons)
8. Malaysia (7.3K tons)

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

Exports of propylene, other olefin polymers; propylene copolymers in primary formses from China declined to 115K tons in 2022, waning by -1.8% compared with 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. As a result, the exports reached the peak of 117K tons, and then reduced slightly in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses expanded slightly to $194M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 134% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Japan (22.5K tons)
2. Brazil (13.8K tons)
3. Vietnam (10.7K tons)
4. Russia (7.1K tons)
5. Thailand (5.0K tons)
6. Hong Kong SAR (4.7K tons)
7. Nigeria (3.9K tons)
8. Malaysia (3.8K tons)
9. Kenya (3.7K tons)
10. Pakistan (3.4K tons)
11. Mexico (2.9K tons)
12. Peru (2.7K tons)
13. Taiwan (Chinese) (2.0K tons)

Source: IndexBox Market Intelligence Platform