Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium - 2023

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium (FOB) - 2023
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium (CIF) - 2023
3. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium
4. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium (FOB) - 2023

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,799 per ton in October 2023, picking up by 4.3% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 5.8% against the previous month. As a result, the export price reached the peak level of $1,958 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($2,121 per ton), while the average price for exports to Tunisia ($1,168 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium (CIF) - 2023

In October 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,526 per ton, increasing by 2.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 14% against the previous month. Over the period under review, average import prices reached the peak figure at $1,756 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,232 per ton), while the price for South Africa ($1,033 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium

In 2022, shipments abroad of polymers of propylene or of other olefins, in primary formses decreased by -7.6% to 2.6M tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 82% against the previous year.

In value terms, exports of polymers of propylene or of other olefins, in primary formses amounted to $5.3B in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 62% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Belgium in 2022:

1. Germany (610.4K tons)
2. France (348.7K tons)
3. Italy (289.6K tons)
4. Netherlands (156.5K tons)
5. Poland (125.5K tons)
6. Spain (103.0K tons)
7. United Kingdom (94.9K tons)
8. Turkey (92.3K tons)
9. Czech Republic (86.0K tons)
10. Austria (77.2K tons)
11. China (64.6K tons)
12. Sweden (59.3K tons)
13. Denmark (56.9K tons)

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Belgium

For the fourth year in a row, Belgium recorded growth in overseas purchases of polymers of propylene or of other olefins, in primary formses, which increased by 3.2% to 1.3M tons in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 92%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of polymers of propylene or of other olefins, in primary formses expanded significantly to $2.2B in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 68% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Belgium in 2022:

1. Netherlands (287.8K tons)
2. Germany (201.3K tons)
3. France (169.0K tons)
4. Saudi Arabia (128.5K tons)
5. South Korea (72.2K tons)
6. United States (65.4K tons)
7. United Kingdom (59.2K tons)
8. Russia (58.5K tons)
9. Singapore (35.9K tons)
10. Austria (29.6K tons)

Source: IndexBox Market Intelligence Platform