Price for Ethylene Polymers; Waste, Parings and Scrap in China - 2023
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in China (FOB) - 2023
- Exports of Ethylene Polymers; Waste, Parings and Scrap in China
Price for Ethylene Polymers; Waste, Parings and Scrap in China (FOB) - 2023
The average export price for ethylene polymers; waste, parings and scraps stood at $337 per ton in December 2023, growing by 23% against the previous month. Over the period under review, the export price, however, faced a dramatic setback. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 52% m-o-m. As a result, the export price reached the peak level of $6,951 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($1,267 per ton), while the average price for exports to Ghana ($165 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Ethylene Polymers; Waste, Parings and Scrap in China
In 2022, exports of ethylene polymers; waste, parings and scraps from China surged to 6.4K tons, growing by 231% compared with 2021 figures. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 774% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of ethylene polymers; waste, parings and scraps skyrocketed to $6.4M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 625%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ethylene Polymers; Waste, Parings and Scrap in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 2.8 | 359 | 2,291 | 2760.4% |
| Malaysia | 149 | 177 | 2,353 | 1,959 | 136.0% |
| Indonesia | 0.4 | N/A | N/A | 522 | 992.8% |
| Vietnam | N/A | 22.4 | 65.6 | 428 | 337.1% |
| Mozambique | 52.8 | 105 | 22.1 | 165 | 46.2% |
| Thailand | 1,770 | N/A | 153 | N/A | -70.6% |
| Democratic People's Republic of Korea | 173 | 39.6 | N/A | N/A | -77.1% |
| Others | 58.9 | 92.6 | 238 | 1,033 | 159.8% |
| Total | 2,204 | 440 | 3,191 | 6,397 | 42.6% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from China in 2022:
- Japan (4.9K tons)
- Vietnam (0.6K tons)
- Malaysia (0.4K tons)
- Indonesia (0.1K tons)
- Mozambique (0.1K tons)
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