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

Contents:

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

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

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,281 per ton in October 2023, falling by -15.2% against the previous month. Overall, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 9.1% month-to-month. Over the period under review, average import prices hit record highs at $1,639 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Singapore ($2,048 per ton), while the price for South Africa ($1,057 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Austria (+1.3%), 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 Italy (FOB) - 2023

In October 2023, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $2,014 per ton, standing approximately at the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 6.2% against the previous month. Over the period under review, the average export prices hit record highs at $2,075 per ton in May 2023; however, from June 2023 to October 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Brazil ($3,690 per ton), while the average price for exports to the United States ($1,432 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.6%), 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 Italy

After three years of growth, overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -6.1% to 578K tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 3.7%. As a result, imports reached the peak of 615K tons, and then dropped in the following year.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses contracted to $1.1B in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62%. As a result, imports attained the peak of $1.2B, and then fell in the following year.

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

1. Germany (122.8K tons)
2. Belgium (111.4K tons)
3. Austria (57.9K tons)
4. South Korea (54.2K tons)
5. France (44.9K tons)
6. Spain (42.4K tons)
7. Netherlands (37.5K tons)

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

In 2022, the amount of propylene, other olefin polymers; propylene copolymers in primary formses exported from Italy contracted to 166K tons, declining by -3.1% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of 171K tons, and then fell slightly in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses expanded rapidly to $360M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +72.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (33.6K tons)
2. France (18.2K tons)
3. Spain (15.0K tons)
4. Poland (11.6K tons)
5. Switzerland (9.8K tons)
6. Romania (7.9K tons)
7. Turkey (6.9K tons)
8. Hungary (5.2K tons)
9. China (4.1K tons)
10. Hong Kong SAR (3.6K tons)
11. Netherlands (3.5K tons)
12. Czech Republic (3.5K tons)
13. Bulgaria (3.4K tons)

Source: IndexBox Market Intelligence Platform