Propene Market

Propene market: download newly released information powered by an Ai-driven market intelligence platform. Data contain exports, market prices, imports, consumption, market size, companies, production, and trade. Here is a split by region, including the U.K., China, EU, the U.S., Latin America, Africa, the Middle East, and Russia. Market insights and outlook to 2030 are also featured in the snapshots.


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Propene - World's Largest Markets

RatingCountry
1United States
2India
3Japan
4Brazil
5Bangladesh

In value terms, the United States, India and Japan constituted the countries with the highest levels of market value in 2020, together comprising 28% of the global market. Brazil, Bangladesh, Mexico, China, the UK, Saudi Arabia, Turkey, Russia, Germany and Iran lagged somewhat behind, together accounting for a further 28%.

Among the main consuming countries, Saudi Arabia recorded the highest growth rate of market size, over the period under review, while propene market for the other global leaders experienced more modest paces of growth.

Propene Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Spain999951685-17.2%
Japan996837716-15.2%
France1064960747-16.2%
Italy1027915755-14.3%
Thailand1024907758-14.0%
Germany1075953761-15.9%
Taiwan (Chinese)n/an/a7620.0%
Belgium11091082770-16.7%
South Korea1053893774-14.3%
Portugal1117985780-16.4%
United Kingdom1156908790-17.3%
Netherlands11191000797-15.6%
United States11701316931-10.8%
Average1061957769-14.8%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in the United States ($931 per ton) and the Netherlands ($797 per ton), while Spain ($685 per ton) and Japan ($716 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United States105010231030-1.0%
South Korea1076928877-9.7%
Germany1125998841-13.5%
Indonesia8199298401.3%
Taiwan (Chinese)1104941831-13.2%
China1103931813-14.1%
Vietnam1061986809-12.7%
France1079914791-14.4%
Colombia1227888763-21.1%
Netherlands1075946753-16.3%
Belgium10931011753-17.0%
Mexico1069856737-17.0%
Poland1070928670-20.9%
Average1097938804-14.4%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($1,030 per ton), while Poland ($670 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced a decline in the import price figures.

Propene - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China3.12.92-19.4%
Germany10.90.6-21.8%
Belgium0.40.40.516.5%
Netherlands0.50.60.3-18.9%
France0.40.30.3-16.9%

In value terms, China ($2B) constitutes the largest market for imported propene (propylene) worldwide, comprising 35% of global imports. The second position in the ranking was occupied by Germany ($588M), with a 10% share of global imports. It was followed by Belgium, with a 9% share.

From 2018 to 2020, the average annual growth rate of value in China totaled -19.4%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-21.8% per year) and Belgium (+16.5% per year).

Propene - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
South Korea1.81.51.2-18.7%
Netherlands0.90.80.6-17.6%
Japan0.70.70.5-13.0%
United States0.70.60.5-12.0%
Taiwan (Chinese)n/an/a0.30.0%

In value terms, South Korea ($1.2B) remains the largest propene supplier worldwide, comprising 22% of global exports. The second position in the ranking was occupied by the Netherlands ($578M), with a 11% share of global exports. It was followed by Japan, with a 10% share.

In South Korea, propene exports declined by an average annual rate of -18.7% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the Netherlands (-17.6% per year) and Japan (-13.0% per year).

Propene - Market Forecast

Depressed by shrinking demand for propene worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Propene - Product Coverage

  • HS 290122 - Acyclic hydrocarbons; unsaturated, propene (propylene)
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World - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global propene market.

Eastern Asia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the propene market in Eastern Asia.

Africa - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the propene market in Africa.

Northern America - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the propene market in Northern America.

Central Asia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the propene market in Central Asia.

Latin America and the Caribbean - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the propene market in Latin America and the Caribbean.

Southern Asia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the propene market in Southern Asia.

Australia and Oceania - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the propene market in Australia and Oceania.

Middle East - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the propene market in the Middle East.

South-Eastern Asia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the propene market in South-Eastern Asia.

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