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

Contents:

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

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

In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $3,556 per ton, with an increase of 104% against the previous month. Overall, import price indicated a resilient increase from October 2022 to October 2023: its price increased at an average monthly rate of +5.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for propylene, other olefin polymers; propylene copolymers in primary formses increased by +117.0% against July 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Serbia.

From October 2022 to October 2023, the rate of growth in terms of prices for Italy amounted to +2.7% per month.

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

In 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,429 per ton, with a decrease of -6.1% against the previous year. In general, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 an increase of 12% against the previous year. The export price peaked at $2,473 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($4,940 per ton), while the average price for exports to Hungary ($1,251 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 Bosnia and Herzegovina (+9.5%), 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 Croatia

After three years of growth, purchases abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -31.3% to 17K tons in 2022. In general, imports showed a noticeable slump. The growth pace was the most rapid in 2020 when imports increased by 22%.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses declined rapidly to $32M in 2022. Overall, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.6% 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 +7.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $44M, and then dropped markedly in the following year.

Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.75.56.75.614.8%
Austria6.05.26.34.9-6.5%
Belgium1.21.01.54.555.4%
South KoreaN/A7.711.64.2-26.1%
France5.03.02.62.4-21.7%
Netherlands2.32.02.32.30.0%
Italy1.10.91.51.613.3%
Slovenia1.92.03.01.5-7.6%
Hungary0.81.21.41.523.3%
Spain2.01.61.71.1-18.1%
Czech Republic0.80.70.40.5-14.5%
Finland0.90.42.10.3-30.7%
United Arab Emirates2.9N/AN/AN/A0%
Others1.21.02.61.712.3%
Total29.832.243.732.22.6%

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

  1. South Korea (3.5K tons)
  2. Austria (2.2K tons)
  3. Germany (2.2K tons)
  4. Belgium (1.9K tons)
  5. France (1.2K tons)
  6. Netherlands (1.1K tons)
  7. Italy (0.8K tons)
  8. Slovenia (0.8K tons)
  9. Hungary (0.8K tons)
  10. Spain (0.6K tons)
  11. Czech Republic (0.4K tons)
  12. Finland (0.1K tons)

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

In 2022, approx. 3.8K tons of propylene, other olefin polymers; propylene copolymers in primary formses were exported from Croatia; shrinking by -61% on the previous year's figure. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, the exports reached the peak of 9.8K tons, and then contracted remarkably in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses reduced notably to $5.5M in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $15M, and then fell dramatically in the following year.

Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary8.27.912.14.1-20.6%
Serbia0.50.51.00.817.0%
Russia1.11.01.40.2-43.3%
Others0.30.30.40.410.1%
Total10.19.714.95.5-18.3%

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

  1. Hungary (3313.3 tons)
  2. Serbia (338.4 tons)
  3. Russia (49.9 tons)

Source: IndexBox Market Intelligence Platform

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