China - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropylene Glycol Price in China - 2023
Contents:
- Propylene Glycol Price in China (FOB) - 2023
- Propylene Glycol Price in China (CIF) - 2023
- Propylene Glycol Exports in China
- Propylene Glycol Imports in China
Propylene Glycol Price in China (FOB) - 2023
In September 2023, the average propylene glycol export price amounted to $1,151 per ton, surging by 6.7% against the previous month. Overall, the export price, however, showed a slight shrinkage. The pace of growth was the most pronounced in March 2023 when the average export price increased by 8.8% against the previous month. Over the period under review, the average export prices attained the maximum at $1,417 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were Egypt ($1,368 per ton) and South Africa ($1,217 per ton), while the average price for exports to Turkey ($1,031 per ton) and Japan ($1,073 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-0.6%), while the prices for the other major destinations experienced a decline.
Propylene Glycol Price in China (CIF) - 2023
The average propylene glycol import price stood at $1,222 per ton in September 2023, approximately mirroring the previous month. Overall, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in April 2023 an increase of 13% against the previous month. Over the period under review, average import prices hit record highs at $1,821 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Singapore ($1,680 per ton), while the price for Saudi Arabia ($698 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (-2.0%), while the prices for the other major suppliers experienced a decline.
Propylene Glycol Exports in China
In 2022, approx. 201K tons of propylene glycol (propane-1,2-diol) were exported from China; growing by 45% compared with the previous year. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, propylene glycol exports expanded significantly to $365M in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 145%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Propylene Glycol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 17.5 | 17.3 | 43.8 | 36.8 | 28.1% |
| Turkey | 9.0 | 6.6 | 22.5 | 31.1 | 51.2% |
| India | 16.1 | 12.5 | 33.6 | 24.0 | 14.2% |
| Indonesia | 7.2 | 10.9 | 21.0 | 21.0 | 42.9% |
| United Arab Emirates | 1.4 | 4.7 | 14.7 | 20.7 | 145.4% |
| Egypt | 5.1 | 4.7 | 11.1 | 14.3 | 41.0% |
| Japan | 8.0 | 6.0 | 10.2 | 11.6 | 13.2% |
| South Africa | 5.3 | 4.9 | 15.0 | 10.9 | 27.2% |
| Brazil | 2.6 | 3.7 | 7.7 | 9.6 | 54.6% |
| Poland | 3.3 | 2.8 | 8.7 | 9.2 | 40.7% |
| Australia | 4.8 | 4.8 | 8.2 | 9.1 | 23.8% |
| Canada | 2.6 | 1.5 | 3.4 | 8.5 | 48.4% |
| Malaysia | 1.2 | 3.9 | 7.2 | 8.0 | 88.2% |
| Others | 66.0 | 52.1 | 127 | 150 | 31.5% |
| Total | 150 | 136 | 334 | 365 | 34.5% |
Top Export Markets for Propylene Glycol from China in 2022:
- Russia (21.4K tons)
- Turkey (19.0K tons)
- India (12.5K tons)
- Indonesia (11.5K tons)
- United Arab Emirates (10.9K tons)
- Egypt (7.6K tons)
- Japan (6.5K tons)
- Brazil (6.1K tons)
- Poland (5.9K tons)
- South Africa (5.1K tons)
- Canada (5.0K tons)
- Australia (4.7K tons)
- Malaysia (4.3K tons)
Propylene Glycol Imports in China
In 2022, supplies from abroad of propylene glycol (propane-1,2-diol) decreased by -4.6% to 67K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 5.7%. As a result, imports reached the peak of 86K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, propylene glycol imports expanded sharply to $149M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Propylene Glycol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 40.0 | 36.0 | 58.4 | 68.0 | 19.3% |
| South Korea | 21.4 | 20.6 | 41.4 | 30.0 | 11.9% |
| United States | 11.9 | 14.7 | 10.3 | 24.2 | 26.7% |
| Saudi Arabia | 14.5 | 11.8 | 12.4 | 12.0 | -6.1% |
| Belgium | 1.4 | 1.0 | 2.8 | 6.0 | 62.4% |
| Singapore | 5.6 | 5.3 | 6.8 | 5.3 | -1.8% |
| Others | 3.4 | 3.6 | 3.4 | 3.8 | 3.8% |
| Total | 98.1 | 92.9 | 135 | 149 | 14.9% |
Top Suppliers of Propylene Glycol to China in 2022:
- Thailand (30.6K tons)
- South Korea (13.3K tons)
- United States (11.9K tons)
- Saudi Arabia (5.9K tons)
- Singapore (2.4K tons)
- Belgium (1.7K tons)
This report provides an in-depth analysis of the propylene glycol 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 20142320 - Propylene glycol (propane-1,2-diol)
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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