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

Rating	Country
1	United States
2	India
3	Japan
4	Brazil
5	Bangladesh

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Spain	999	951	685	-17.2%
Japan	996	837	716	-15.2%
France	1064	960	747	-16.2%
Italy	1027	915	755	-14.3%
Thailand	1024	907	758	-14.0%
Germany	1075	953	761	-15.9%
Taiwan (Chinese)	n/a	n/a	762	0.0%
Belgium	1109	1082	770	-16.7%
South Korea	1053	893	774	-14.3%
Portugal	1117	985	780	-16.4%
United Kingdom	1156	908	790	-17.3%
Netherlands	1119	1000	797	-15.6%
United States	1170	1316	931	-10.8%
Average	1061	957	769	-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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
United States	1050	1023	1030	-1.0%
South Korea	1076	928	877	-9.7%
Germany	1125	998	841	-13.5%
Indonesia	819	929	840	1.3%
Taiwan (Chinese)	1104	941	831	-13.2%
China	1103	931	813	-14.1%
Vietnam	1061	986	809	-12.7%
France	1079	914	791	-14.4%
Colombia	1227	888	763	-21.1%
Netherlands	1075	946	753	-16.3%
Belgium	1093	1011	753	-17.0%
Mexico	1069	856	737	-17.0%
Poland	1070	928	670	-20.9%
Average	1097	938	804	-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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	3.1	2.9	2	-19.4%
Germany	1	0.9	0.6	-21.8%
Belgium	0.4	0.4	0.5	16.5%
Netherlands	0.5	0.6	0.3	-18.9%
France	0.4	0.3	0.3	-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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
South Korea	1.8	1.5	1.2	-18.7%
Netherlands	0.9	0.8	0.6	-17.6%
Japan	0.7	0.7	0.5	-13.0%
United States	0.7	0.6	0.5	-12.0%
Taiwan (Chinese)	n/a	n/a	0.3	0.0%

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.