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

Contents:

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

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

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,244 per ton in October 2023, increasing by 4.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 12% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,361 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Romania ($1,364 per ton), while the average price for exports to Israel ($688 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 Romania (+1.1%), 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 Greece (CIF) - 2023

In October 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,331 per ton, increasing by 9.5% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $1,549 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($2,040 per ton), while the price for Turkey ($712 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 Germany (+1.8%), 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 Greece

After two years of decline, shipments abroad of polymers of propylene or of other olefins, in primary formses increased by 4% to 199K tons in 2022. Overall, exports, however, recorded a relatively flat trend pattern.

In value terms, exports of polymers of propylene or of other olefins, in primary formses fell to $295M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. As a result, the exports attained the peak of $328M, and then reduced in the following year.

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

1. Bulgaria (56.2K tons)
2. Turkey (44.2K tons)
3. Italy (24.5K tons)
4. Portugal (21.5K tons)
5. Romania (12.4K tons)
6. Spain (11.8K tons)
7. United Kingdom (4.4K tons)
8. Israel (3.2K tons)

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

In 2022, approx. 101K tons of polymers of propylene or of other olefins, in primary formses were imported into Greece; flattening at 2021. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports attained the peak of 103K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of polymers of propylene or of other olefins, in primary formses fell to $167M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $178M, and then fell in the following year.

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

1. Saudi Arabia (42.8K tons)
2. Spain (7.2K tons)
3. Belgium (6.8K tons)
4. Bulgaria (4.9K tons)
5. Israel (4.8K tons)
6. South Korea (4.8K tons)
7. South Africa (4.1K tons)
8. Netherlands (2.8K tons)
9. Germany (2.6K tons)
10. Italy (2.4K tons)
11. Austria (2.3K tons)
12. Romania (2.2K tons)
13. United Arab Emirates (1.9K tons)

Source: IndexBox Market Intelligence Platform