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

Contents:

1. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Serbia (CIF) - 2023
2. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Serbia (FOB) - 2022
3. Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Serbia
4. Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Serbia

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

In November 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,318 per ton, approximately mirroring the previous month. Overall, the import price saw a slight slump. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 7.3% against the previous month. The import price peaked at $1,589 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from the Netherlands ($1,633 per ton) and France ($1,546 per ton), while the price for Vietnam ($1,184 per ton) and Saudi Arabia ($1,185 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hungary (+0.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $2,105 per ton in 2022, growing by 27% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2013 an increase of 41%. The export price peaked at $2,507 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($2,771 per ton), while the average price for exports to Bosnia and Herzegovina ($1,056 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 Albania (+7.1%), 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 Serbia

In 2022, overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -5.8% to 29K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 9.2% against the previous year. As a result, imports reached the peak of 31K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses fell to $54M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +51.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of $61M, and then fell in the following year.

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

1. Saudi Arabia (9.6K tons)
2. Finland (3.0K tons)
3. Germany (3.0K tons)
4. Austria (2.2K tons)
5. Netherlands (2.1K tons)
6. Hungary (1.9K tons)
7. Belgium (1.5K tons)
8. Spain (1.2K tons)
9. Poland (0.8K tons)
10. Italy (0.5K tons)
11. Czech Republic (0.4K tons)

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

In 2022, approx. 609 tons of propylene, other olefin polymers; propylene copolymers in primary formses were exported from Serbia; growing by 118% on 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 259%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses skyrocketed to $1.3M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 276%. Over the period under review, the exports of reached the maximum 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 Serbia in 2022:

1. Georgia (301.5 tons)
2. Bosnia and Herzegovina (174.5 tons)
3. Albania (40.0 tons)
4. Slovenia (34.0 tons)
5. North Macedonia (26.1 tons)
6. Croatia (23.6 tons)

Source: IndexBox Market Intelligence Platform