Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK (CIF) - 2023
The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,555 per ton in November 2023, picking up by 1.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 3.7% against the previous month. Over the period under review, average import prices hit record highs at $1,791 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 countries with the highest prices were France ($1,602 per ton) and Belgium ($1,554 per ton), while the price for South Korea ($1,249 per ton) and the Netherlands ($1,462 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 Germany (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK (FOB) - 2022
The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $2,528 per ton in 2022, growing by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 31%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($2,939 per ton), while the average price for exports to Ireland ($1,829 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 Spain (+3.7%), 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 the UK
After two years of decline, overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses increased by 4.2% to 254K tons in 2022. Overall, imports, however, recorded a perceptible shrinkage.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses reached $504M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 155 | 138 | 211 | 161 | 1.3% |
| Belgium | 117 | 103 | 102 | 120 | 0.8% |
| Germany | 64.7 | 53.7 | 37.0 | 73.5 | 4.3% |
| France | 48.2 | 25.4 | 30.3 | 25.9 | -18.7% |
| Finland | 4.8 | 5.4 | N/A | 13.7 | 41.8% |
| Spain | 10.6 | 4.9 | 8.5 | 11.6 | 3.1% |
| South Korea | 13.5 | 5.0 | 2.2 | 11.1 | -6.3% |
| Austria | 11.1 | 9.4 | 1.0 | 9.4 | -5.4% |
| South Africa | N/A | 0.3 | 3.9 | 7.6 | 403.3% |
| Others | 27.6 | 32.6 | 56.8 | 70.9 | 37.0% |
| Total | 452 | 377 | 453 | 504 | 3.7% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to the UK in 2022:
- Netherlands (84.2K tons)
- Belgium (60.4K tons)
- Germany (39.6K tons)
- France (12.8K tons)
- Finland (7.1K tons)
- South Korea (6.3K tons)
- Spain (5.6K tons)
- Austria (4.8K tons)
- South Africa (4.7K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK
In 2022, exports of propylene, other olefin polymers; propylene copolymers in primary formses from the UK shrank to 28K tons, with a decrease of -11.4% on 2021. Overall, exports saw a sharp setback.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses fell to $72M in 2022. Over the period under review, exports continue to indicate a drastic downturn. The smallest decline of -0.2% was in 2021.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 21.7 | 9.9 | 24.1 | 23.7 | 3.0% |
| France | 16.9 | 11.8 | 17.1 | 18.1 | 2.3% |
| Poland | 8.5 | 7.3 | 10.7 | 7.2 | -5.4% |
| Czech Republic | 11.3 | 6.9 | 1.9 | 5.2 | -22.8% |
| Turkey | 9.2 | 5.4 | 6.2 | 4.4 | -21.8% |
| Ireland | 1.3 | 4.7 | 1.8 | 1.5 | 4.9% |
| Netherlands | 5.2 | 2.3 | 1.6 | 1.3 | -37.0% |
| Germany | 14.1 | 13.0 | 2.6 | 1.2 | -56.0% |
| Italy | 2.6 | 2.1 | 0.8 | 0.3 | -51.3% |
| Spain | 4.4 | 3.1 | 0.3 | 0.2 | -64.3% |
| Others | 15.2 | 10.5 | 9.7 | 8.9 | -16.3% |
| Total | 110 | 77.0 | 76.9 | 71.9 | -13.2% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from the UK in 2022:
- Belgium (9.1K tons)
- France (7.6K tons)
- Poland (3.4K tons)
- Czech Republic (2.1K tons)
- Turkey (1.6K tons)
- Ireland (0.8K tons)
- Netherlands (0.5K tons)
- Germany (0.5K tons)
- Italy (0.1K tons)
- Spain (0.1K tons)
67
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in the UK.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in the UK.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in the UK.
386
This report provides an in-depth analysis of the market for polypropylene in primary forms in the UK.
42
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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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.
667
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
