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

Contents:

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

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

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,616 per ton in October 2023, growing by 4% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 8.3% month-to-month. The export price peaked at $1,675 per ton in April 2023; however, from May 2023 to October 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In October 2023, the countries with the highest prices were the United Arab Emirates ($2,085 per ton) and Turkey ($1,830 per ton), while the average price for exports to Ukraine ($1,393 per ton) and Serbia ($1,433 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,722 per ton in October 2023, dropping by -10.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 18% month-to-month. The import price peaked at $2,075 per ton in May 2023; however, from June 2023 to October 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was South Korea ($1,814 per ton), while the price for Singapore totaled $1,283 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses, when their volume decreased by -21.1% to 94K tons. Over the period under review, exports recorded a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 9.2%. As a result, the exports reached the peak of 119K tons, and then dropped remarkably in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses reduced markedly to $177M in 2022. Overall, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 74%. As a result, the exports reached the peak of $236M, and then reduced dramatically in the following year.

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

1. Poland (24.2K tons)
2. Romania (14.0K tons)
3. Italy (13.7K tons)
4. Germany (12.4K tons)
5. Czech Republic (7.7K tons)
6. Turkey (2.9K tons)
7. France (2.4K tons)
8. Slovenia (2.3K tons)
9. Serbia (2.2K tons)
10. United Kingdom (2.2K tons)
11. Slovakia (1.4K tons)
12. Austria (1.3K tons)

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

Imports of propylene, other olefin polymers; propylene copolymers in primary formses into Hungary contracted sharply to 56K tons in 2022, with a decrease of -19% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of 69K tons, and then shrank remarkably in the following year.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses fell dramatically to $110M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +48.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $133M, and then dropped notably in the following year.

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

1. Germany (14.3K tons)
2. Austria (9.6K tons)
3. Netherlands (7.4K tons)
4. Italy (5.1K tons)
5. Croatia (4.2K tons)
6. Poland (3.8K tons)
7. Belgium (2.8K tons)
8. Czech Republic (2.6K tons)
9. France (1.5K tons)

Source: IndexBox Market Intelligence Platform