Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Indonesia - 2022

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Indonesia (CIF) - 2022
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Indonesia (FOB) - 2022
3. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Indonesia
4. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Indonesia

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Indonesia (CIF) - 2022

In March 2022, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,455 per ton, with an increase of 4.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2021 when the average import price increased by 7.9% month-to-month. Over the period under review, average import prices attained the maximum at $1,576 per ton in May 2021; however, from June 2021 to March 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the countries with the highest prices were China ($1,533 per ton) and Singapore ($1,531 per ton), while the price for Saudi Arabia ($1,319 per ton) and South Korea ($1,341 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Indonesia (FOB) - 2022

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,345 per ton in March 2022, with a decrease of -12.6% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2021 an increase of 32% against the previous month. As a result, the export price reached the peak level of $1,557 per ton. From August 2021 to March 2022, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was Malaysia ($3,455 per ton), while the average price for exports to the United States ($286 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 1.3M tons of polymers of propylene or of other olefins, in primary formses were imported into Indonesia; surging by 11% on the year before. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Over the period under review, imports of attained the peak figure 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 markedly to $1.9B in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +71.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Singapore (291.4K tons)
2. Thailand (202.1K tons)
3. South Korea (190.1K tons)
4. Vietnam (174.2K tons)
5. Malaysia (146.3K tons)
6. Saudi Arabia (110.3K tons)
7. China (55.7K tons)
8. Philippines (38.9K tons)

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

In 2022, exports of polymers of propylene or of other olefins, in primary formses from Indonesia rose markedly to 19K tons, surging by 9% against 2021 figures. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 256%. As a result, the exports reached the peak of 126K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polymers of propylene or of other olefins, in primary formses soared to $25M in 2022. Overall, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 230% against the previous year. As a result, the exports reached the peak of $114M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. China (10.8K tons)
2. Thailand (1.5K tons)
3. Pakistan (1.4K tons)
4. Philippines (1.2K tons)
5. Vietnam (1.1K tons)
6. Mexico (0.8K tons)
7. Taiwan (Chinese) (0.7K tons)
8. Netherlands (0.4K tons)
9. Malaysia (0.4K tons)

Source: IndexBox Market Intelligence Platform