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

Contents:

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

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

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,741 per ton in 2022, dropping by -15.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 45%. As a result, the export price attained the peak level of $2,070 per ton, and then shrank significantly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($1,880 per ton) and the Netherlands ($1,863 per ton), while the average price for exports to Brazil ($1,514 per ton) and Italy ($1,635 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.7%), 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 Israel (CIF) - 2022

In 2022, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,944 per ton, increasing by 2.6% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for polymers of propylene or of other olefins, in primary formses increased by +48.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($2,046 per ton) and the United States ($2,026 per ton), while the price for Spain ($1,794 per ton) and Greece ($1,794 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.9%), 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 Israel

After two years of decline, overseas shipments of polymers of propylene or of other olefins, in primary formses increased by 12% to 226K tons in 2022. Overall, exports, however, showed a pronounced downturn.

In value terms, exports of polymers of propylene or of other olefins, in primary formses contracted to $393M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the exports attained the peak of $418M, and then contracted in the following year.

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

1. Turkey (70.7K tons)
2. Italy (64.6K tons)
3. United Kingdom (19.5K tons)
4. Brazil (9.8K tons)
5. Netherlands (7.7K tons)
6. Spain (7.3K tons)
7. United States (6.5K tons)
8. France (3.4K tons)
9. Belgium (3.3K tons)

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

In 2022, approx. 172K tons of polymers of propylene or of other olefins, in primary formses were imported into Israel; remaining relatively unchanged against the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% 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 +42.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of polymers of propylene or of other olefins, in primary formses rose slightly to $334M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. United Arab Emirates (30.2K tons)
2. Jordan (21.9K tons)
3. Netherlands (13.9K tons)
4. India (11.8K tons)
5. Italy (10.1K tons)
6. Spain (5.8K tons)
7. Belgium (3.7K tons)
8. United Kingdom (3.2K tons)
9. Turkey (2.7K tons)
10. Taiwan (Chinese) (2.7K tons)
11. Germany (2.7K tons)
12. United States (2.4K tons)
13. Greece (2.0K tons)

Source: IndexBox Market Intelligence Platform