Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Thailand - 2024

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Thailand (FOB) - 2024
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Thailand (CIF) - 2024
3. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Thailand
4. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Thailand

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Thailand (FOB) - 2024

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,162 per ton in November 2023, rising by 2.7% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 9% m-o-m. The export price peaked at $1,231 per ton in January 2023; afterwards, it flattened through to November 2023.

Average prices varied somewhat for the major foreign markets. In November 2023, the highest price was recorded for prices to Vietnam ($1,306 per ton) and the Philippines ($1,288 per ton), while the average price for exports to China ($963 per ton) and Myanmar ($1,098 per ton) were amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.0%), 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 Thailand (CIF) - 2024

In November 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,353 per ton, remaining relatively unchanged against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 7% against the previous month. The import price peaked at $1,399 per ton in June 2023; afterwards, it flattened through to November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($2,409 per ton), while the price for Oman ($1,021 per ton) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.7%), 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 Thailand

After three years of growth, overseas shipments of polymers of propylene or of other olefins, in primary formses decreased by -17.2% to 953K tons in 2022. Over the period under review, exports saw a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of 5.3%.

In value terms, exports of polymers of propylene or of other olefins, in primary formses declined dramatically to $1.2B in 2022. In general, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2021 when exports increased by 36%. As a result, the exports reached the peak of $1.5B, and then shrank notably in the following year.

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

1. China (197.2K tons)
2. Indonesia (195.9K tons)
3. India (93.4K tons)
4. Japan (78.6K tons)
5. Vietnam (78.2K tons)
6. Philippines (45.8K tons)
7. Bangladesh (35.7K tons)
8. Australia (34.7K tons)
9. Myanmar (31.0K tons)
10. Malaysia (29.7K tons)
11. Mexico (16.5K tons)
12. Pakistan (13.0K tons)

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

For the fourth year in a row, Thailand recorded growth in purchases abroad of polymers of propylene or of other olefins, in primary formses, which increased by 8.6% to 320K tons in 2022. The total import volume increased at an average annual rate of +11.4% over the period 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 with an increase of 26%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of polymers of propylene or of other olefins, in primary formses expanded notably to $525M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +58.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Saudi Arabia (63.9K tons)
2. Singapore (56.5K tons)
3. South Korea (55.7K tons)
4. China (35.9K tons)
5. Japan (29.1K tons)
6. United Arab Emirates (26.2K tons)
7. Vietnam (8.6K tons)
8. Belgium (6.4K tons)
9. Taiwan (Chinese) (4.9K tons)

Source: IndexBox Market Intelligence Platform