China - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in China - 2023
Contents:
- Propene Price in China (CIF) - 2023
- Propene Price in China (FOB) - 2022
- Propene Imports in China
- Propene Exports in China
Propene Price in China (CIF) - 2023
The average propene import price stood at $841 per ton in June 2023, with a decrease of -8.1% against the previous month. Overall, the import price saw a mild setback. The pace of growth was the most pronounced in February 2023 an increase of 3.8% against the previous month. Over the period under review, average import prices reached the maximum at $960 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was South Korea ($867 per ton), while the price for Russia ($367 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Propene Price in China (FOB) - 2022
The average propene export price stood at $1,302 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2019 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum at $4,178 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($1,311 per ton) and Egypt ($1,265 per ton), while the average price for exports to South Korea ($1,121 per ton) and Japan ($1,153 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.6%), while the prices for the other major destinations experienced a decline.
Propene Imports in China
In 2022, approx. 2.3M tons of propene (propylene) were imported into China; waning by -6.3% compared with 2021 figures. Overall, imports showed a abrupt decrease. The smallest decline of -0.5% was in 2021.
In value terms, propene imports reduced to $2.4B in 2022. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 28%.
| Import of Propene in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,432 | 1,073 | 1,425 | 1,230 | -4.9% |
| Taiwan (Chinese) | 633 | 231 | 508 | 605 | -1.5% |
| Japan | 668 | 485 | 436 | 432 | -13.5% |
| Russia | N/A | 14.9 | 27.4 | 34.1 | 51.3% |
| United Arab Emirates | N/A | 102 | 132 | 8.8 | -70.6% |
| Others | 179 | 143 | 100 | 70.3 | -26.8% |
| Total | 2,913 | 2,050 | 2,628 | 2,380 | -6.5% |
Top Suppliers of Propene to China in 2022:
- South Korea (1222.9K tons)
- Taiwan (Chinese) (546.3K tons)
- Japan (435.3K tons)
- Russia (51.0K tons)
- United Arab Emirates (9.9K tons)
Propene Exports in China
In 2022, shipments abroad of propene (propylene) decreased by -57.3% to 39K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 634%. As a result, the exports attained the peak of 91K tons, and then shrank rapidly in the following year.
In value terms, propene exports declined significantly to $51M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 653%. As a result, the exports attained the peak of $105M, and then contracted rapidly in the following year.
| Export of Propene in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 10.0 | 9.7 | 6.7 | 24.3 | 34.4% |
| Egypt | N/A | N/A | N/A | 11.9 | 0% |
| Japan | N/A | N/A | 3.3 | 3.6 | 9.1% |
| Singapore | 0.1 | N/A | N/A | 2.8 | 203.7% |
| Brazil | 0.8 | 1.3 | 6.8 | 1.0 | 7.7% |
| Mexico | 0.1 | 0.1 | 26.2 | 0.8 | 100.0% |
| Belgium | N/A | N/A | 3.0 | N/A | 0% |
| Aruba | N/A | N/A | 29.4 | N/A | 0% |
| Others | 0.8 | 2.8 | 29.2 | 6.2 | 97.9% |
| Total | 11.8 | 13.9 | 105 | 50.6 | 62.5% |
Top Export Markets for Propene from China in 2022:
- South Korea (21.7K tons)
- Egypt (9.4K tons)
- Japan (3.1K tons)
- Singapore (2.3K tons)
- Mexico (0.6K tons)
- Brazil (0.3K tons)
This report provides an in-depth analysis of the propene market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141140 - Propene (propylene)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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