Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia (CIF) - 2023
In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,901 per ton, picking up by 23% against the previous month. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $2,325 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($2,266 per ton), while the price for Vietnam ($1,135 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 France (+3.5%), 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 Latvia (FOB) - 2022
In 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $2,534 per ton, with an increase of 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the average export price increased by 52% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($4,754 per ton), while the average price for exports to China ($2,106 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 Belarus (+8.3%), 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 Latvia
In 2022, the amount of propylene, other olefin polymers; propylene copolymers in primary formses imported into Latvia declined rapidly to 7.6K tons, with a decrease of -19.4% compared with the year before. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 41%.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses declined remarkably to $19M in 2022. In general, imports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2021 with an increase of 117% against the previous year. As a result, imports attained the peak of $23M, and then declined rapidly in the following year.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.5 | 4.3 | 10.4 | 6.3 | 21.6% |
| Germany | 1.9 | 1.0 | 2.3 | 3.6 | 23.7% |
| Poland | 1.8 | 0.9 | 1.7 | 1.8 | 0.0% |
| Spain | 1.0 | 0.8 | 1.4 | 1.3 | 9.1% |
| France | 0.9 | 0.9 | 2.1 | 1.1 | 6.9% |
| Netherlands | 2.2 | 0.6 | 1.1 | 1.0 | -23.1% |
| Lithuania | 0.5 | 0.6 | 1.3 | 1.0 | 26.0% |
| Denmark | N/A | N/A | 1.2 | 0.6 | -50.0% |
| Sweden | 2.0 | 0.1 | 0.3 | 0.4 | -41.5% |
| United Kingdom | 2.6 | 0.5 | N/A | N/A | -80.8% |
| Others | 0.9 | 1.0 | 1.6 | 1.6 | 21.1% |
| Total | 17.3 | 10.8 | 23.5 | 18.7 | 2.6% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Latvia in 2022:
- Belgium (2516.4 tons)
- Germany (1636.8 tons)
- Poland (959.8 tons)
- Lithuania (477.3 tons)
- Spain (425.3 tons)
- France (421.6 tons)
- Netherlands (279.1 tons)
- Denmark (234.7 tons)
- Sweden (47.1 tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia
After three years of growth, overseas shipments of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -38.6% to 2.8K tons in 2022. Over the period under review, total exports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 4.6K tons, and then shrank sharply in the following year.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses declined notably to $7.2M in 2022. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 128% against the previous year. As a result, the exports attained the peak of $11M, and then dropped dramatically in the following year.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.6 | 3.3 | 8.3 | 3.3 | 8.3% |
| Lithuania | N/A | 0.1 | 0.6 | 1.0 | 216.2% |
| Kazakhstan | 1.1 | 0.8 | 1.3 | 0.9 | -6.5% |
| Armenia | N/A | N/A | N/A | 0.7 | 0% |
| Ukraine | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| China | N/A | N/A | N/A | 0.4 | 0% |
| Estonia | 0.1 | 0.1 | 0.5 | 0.2 | 26.0% |
| Belarus | 0.6 | 0.3 | 0.2 | N/A | -42.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 4.6 | 4.8 | 11.0 | 7.2 | 16.1% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Latvia in 2022:
- Russia (1267.5 tons)
- Lithuania (427.2 tons)
- Kazakhstan (308.0 tons)
- Armenia (255.8 tons)
- Ukraine (196.7 tons)
- China (187.5 tons)
- Estonia (89.5 tons)
- Belarus (4.4 tons)
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Latvia.
117
This report provides an in-depth analysis of the market for polypropylene in primary forms in Latvia.
42
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
932
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
67
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Latvia.
117
This report provides an in-depth analysis of the market for polypropylene in primary forms in Latvia.
42
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
932
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
115
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
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Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
115
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
267
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
671
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
