Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Ecuador - 2022

Contents:

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

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

In 2022, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,883 per ton, remaining constant against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. As a result, import price reached the peak level of $1,907 per ton, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($1,911 per ton) and the United States ($1,904 per ton), while the price for the United Arab Emirates ($1,748 per ton) and South Korea ($1,767 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.0%), 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 Ecuador (FOB) - 2022

In 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,073 per ton, which is down by -13.7% against the previous year. In general, export price indicated a tangible expansion 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 decreased by -35.8% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 35%. Over the period under review, the average export prices attained the maximum at $1,670 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 El Salvador ($1,670 per ton), while the average price for exports to Colombia ($1,053 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 Colombia (+5.3%).

Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Ecuador

In 2022, approx. 19K tons of propylene, other olefin polymers; propylene copolymers in primary formses were imported into Ecuador; picking up by 5.3% on the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses stood at $35M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +66.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Ecuador (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia7.78.713.811.313.6%
Brazil8.24.73.56.0-9.9%
South Korea1.40.96.35.052.9%
Taiwan (Chinese)1.40.32.33.738.3%
China0.10.10.32.8203.7%
United Arab Emirates0.10.21.51.0115.4%
United States3.02.31.21.0-30.7%
Netherlands1.61.40.4N/A-50.0%
Others3.42.64.74.59.8%
Total26.921.233.935.39.5%

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

  1. Colombia (5.9K tons)
  2. Brazil (3.3K tons)
  3. South Korea (2.8K tons)
  4. Taiwan (Chinese) (2.0K tons)
  5. China (1.6K tons)
  6. United Arab Emirates (0.6K tons)
  7. United States (0.5K tons)

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

For the fourth year in a row, Ecuador recorded growth in shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses, which increased by 533% to 1.7K tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses soared to $1.8M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 552% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia1.26.91601,6581013.8%
Peru2.815.691.791.9220.2%
El SalvadorN/AN/AN/A49.80%
VietnamN/A31.8N/AN/A0%
Others11.445.879.812.22.3%
Total15.41003321,812390.0%

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

  1. Colombia (1574.7 tons)
  2. Peru (75.9 tons)
  3. El Salvador (29.8 tons)

Source: IndexBox Market Intelligence Platform

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