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

Contents:

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

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

In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,589 per ton, which is down by -8.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 15% m-o-m. The import price peaked at $1,906 per ton in July 2023; however, from August 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 the Netherlands ($3,950 per ton), while the price for Vietnam ($977 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 the Netherlands (+6.4%), 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 Lithuania (FOB) - 2023

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,543 per ton in October 2023, waning by -14.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 493% m-o-m. The export price peaked at $2,687 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was Belarus ($1,782 per ton), while the average price for exports to Latvia ($1,451 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 Poland (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of propylene, other olefin polymers; propylene copolymers in primary formses into Lithuania dropped sharply to 9.6K tons in 2022, with a decrease of -31.7% against 2021 figures. In general, imports faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 14K tons, and then reduced notably in the following year.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses dropped sharply to $20M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of $28M, and then contracted notably in the following year.

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

1. Germany (2599.4 tons)
2. Poland (1732.5 tons)
3. Belgium (970.5 tons)
4. Hungary (616.5 tons)
5. Netherlands (584.4 tons)
6. United Arab Emirates (547.5 tons)
7. Latvia (438.7 tons)
8. Spain (400.1 tons)
9. Sweden (394.6 tons)
10. France (385.1 tons)
11. South Korea (209.0 tons)
12. Italy (144.9 tons)
13. United Kingdom (34.3 tons)

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

In 2022, exports of propylene, other olefin polymers; propylene copolymers in primary formses from Lithuania fell rapidly to 3.2K tons, waning by -30.2% compared with the previous year's figure. Overall, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of 4.6K tons, and then declined sharply in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses plummeted to $7M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% 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 +32.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 77%. As a result, the exports reached the peak of $9.4M, and then declined significantly in the following year.

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

1. Estonia (705.6 tons)
2. Poland (687.1 tons)
3. Belarus (617.1 tons)
4. Ukraine (409.7 tons)
5. Latvia (309.2 tons)
6. Serbia (227.5 tons)
7. Russia (58.9 tons)

Source: IndexBox Market Intelligence Platform