Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia - 2022
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia (FOB) - 2022
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia (CIF) - 2022
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia (FOB) - 2022
The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,217 per ton in 2022, which is down by -15.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $1,439 per ton, and then contracted markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,496 per ton), while the average price for exports to China ($913 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+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 Saudi Arabia (CIF) - 2022
The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,543 per ton in 2022, which is down by -10.1% against the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 27% against the previous year. The import price peaked at $2,154 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($1,994 per ton), while the price for Vietnam ($452 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia
In 2022, approx. 5M tons of polymers of propylene or of other olefins, in primary formses were exported from Saudi Arabia; remaining constant against the year before. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 0.2% against the previous year.
In value terms, exports of polymers of propylene or of other olefins, in primary formses shrank remarkably to $6.1B in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $7.3B, and then declined notably in the following year.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 862 | 712 | 1,491 | 1,219 | 12.2% |
| Egypt | 364 | 349 | 560 | 458 | 8.0% |
| China | 383 | 454 | 382 | 327 | -5.1% |
| India | 288 | 237 | 366 | 299 | 1.3% |
| Singapore | 343 | 206 | 310 | 254 | -9.5% |
| Malaysia | 360 | 280 | 276 | 246 | -11.9% |
| Pakistan | 250 | 240 | 288 | 235 | -2.0% |
| United Arab Emirates | 158 | 138 | 251 | 205 | 9.1% |
| Belgium | 171 | 111 | 234 | 192 | 3.9% |
| Brazil | 101 | 121 | 174 | 142 | 12.0% |
| Vietnam | 194 | 228 | 108 | 142 | -9.9% |
| Italy | 156 | 101 | 166 | 135 | -4.7% |
| Bangladesh | 209 | 162 | 123 | 132 | -14.2% |
| Others | 1,891 | 1,621 | 2,565 | 2,139 | 4.2% |
| Total | 5,730 | 4,958 | 7,294 | 6,126 | 2.3% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Saudi Arabia in 2022:
- Turkey (892.4K tons)
- Egypt (363.6K tons)
- China (358.3K tons)
- Malaysia (266.0K tons)
- India (261.2K tons)
- Singapore (240.4K tons)
- Pakistan (207.2K tons)
- United Arab Emirates (159.1K tons)
- Vietnam (148.0K tons)
- Bangladesh (136.6K tons)
- Belgium (128.0K tons)
- Brazil (108.1K tons)
- Italy (101.6K tons)
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia
In 2022, after three years of growth, there was significant decline in supplies from abroad of polymers of propylene or of other olefins, in primary formses, when their volume decreased by -5.3% to 91K tons. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 18% against the previous year.
In value terms, imports of polymers of propylene or of other olefins, in primary formses shrank to $141M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 +25.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports reached the peak of $165M, and then shrank in the following year.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 33.9 | 41.6 | 57.8 | 50.3 | 14.1% |
| Netherlands | 11.5 | 10.6 | 17.9 | 15.6 | 10.7% |
| South Korea | 15.2 | 17.7 | 15.0 | 13.7 | -3.4% |
| Germany | 8.2 | 9.1 | 14.6 | 12.7 | 15.7% |
| Singapore | 10.4 | 8.4 | 12.8 | 11.2 | 2.5% |
| Belgium | 7.2 | 4.8 | 7.0 | 6.1 | -5.4% |
| Vietnam | 2.4 | 1.6 | 2.6 | 2.3 | -1.4% |
| Others | 23.6 | 22.2 | 37.5 | 28.8 | 6.9% |
| Total | 112 | 116 | 165 | 141 | 8.0% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Saudi Arabia in 2022:
- United Arab Emirates (34.6K tons)
- Netherlands (13.3K tons)
- South Korea (8.8K tons)
- Germany (6.6K tons)
- Singapore (5.6K tons)
- Vietnam (5.1K tons)
- Belgium (3.3K tons)
637
This report provides an in-depth analysis of the market for polypropylene in primary forms in Saudi Arabia.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Saudi Arabia.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Saudi Arabia.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
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