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

Contents:

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

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

In 2022, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $2,046 per ton, surging by 3.9% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for propylene, other olefin polymers; propylene copolymers in primary formses increased by +52.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($2,046 per ton) and India ($2,046 per ton), while the price for South Korea ($2,046 per ton) and Thailand ($2,046 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.1%), 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 Israel (FOB) - 2022

In 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,625 per ton, falling by -20.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42%. As a result, the export price attained the peak level of $2,046 per ton, and then dropped significantly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($1,885 per ton) and Greece ($1,849 per ton), while the average price for exports to Brazil ($1,267 per ton) and Spain ($1,400 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.8%), 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 Israel

Imports of propylene, other olefin polymers; propylene copolymers in primary formses into Israel surged to 83K tons in 2022, with an increase of 33% against 2021. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses soared to $169M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 119% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Israel (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/A13.032.0146.2%
Jordan0.10.60.712.5400.0%
Netherlands9.78.41.911.76.4%
India6.33.417.55.7-3.3%
United Kingdom1.03.2N/A5.576.5%
Belgium3.73.12.74.02.6%
South AfricaN/AN/AN/A3.60%
Germany3.92.510.83.6-2.6%
Taiwan (Chinese)13.59.221.12.7-41.5%
Thailand0.10.14.61.8162.1%
United States12.95.23.51.5-51.2%
Singapore3.82.04.30.4-52.8%
France2.80.24.60.2-58.5%
Others10.518.137.983.699.7%
Total68.456.112216935.2%

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

  1. United Arab Emirates (15.7K tons)
  2. Jordan (6.1K tons)
  3. Netherlands (5.7K tons)
  4. India (2.8K tons)
  5. United Kingdom (2.7K tons)
  6. Belgium (1.9K tons)
  7. Germany (1.8K tons)
  8. South Africa (1.7K tons)
  9. Taiwan (Chinese) (1.3K tons)
  10. Thailand (0.9K tons)
  11. United States (0.8K tons)
  12. Singapore (0.2K tons)
  13. France (0.1K tons)

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

In 2022, approx. 59K tons of propylene, other olefin polymers; propylene copolymers in primary formses were exported from Israel; with a decrease of -5.5% on the previous year's figure. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses reduced sharply to $96M in 2022. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, the exports attained the peak of $128M, and then dropped markedly in the following year.

Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Israel (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy28.914.724.730.01.3%
Turkey20.524.624.024.96.7%
United Kingdom25.616.740.616.8-13.1%
Netherlands11.810.617.712.93.0%
Brazil1.43.40.43.130.3%
Spain4.82.44.21.7-29.2%
Greece2.61.13.51.5-16.8%
United States2.41.64.60.1-65.3%
Others6.44.67.74.8-9.1%
Total10479.712895.8-2.7%

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

  1. Italy (18.9K tons)
  2. Turkey (16.3K tons)
  3. United Kingdom (9.4K tons)
  4. Netherlands (6.8K tons)
  5. Brazil (2.4K tons)
  6. Spain (1.2K tons)
  7. Greece (0.8K tons)

Source: IndexBox Market Intelligence Platform

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