Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the UK - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the UK (CIF) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the UK (FOB) - 2023
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in the UK
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in the UK
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the UK (CIF) - 2023
In November 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,580 per ton, with an increase of 3.9% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,785 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($2,601 per ton), while the price for Ireland ($926 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), 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 the UK (FOB) - 2023
In November 2023, the average export price for polymers of propylene or of other olefins, in primary formses amounted to $1,448 per ton, remaining stable against the previous month. In general, the export price recorded a slight reduction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices reached the maximum at $1,990 per ton in May 2023; however, from June 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($2,106 per ton), while the average price for exports to Malaysia ($573 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+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 the UK
In 2022, supplies from abroad of polymers of propylene or of other olefins, in primary formses increased by 0.1% to 498K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a deep reduction.
In value terms, imports of polymers of propylene or of other olefins, in primary formses rose remarkably to $997M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 171 | 142 | 128 | 191 | 3.8% |
| Netherlands | 242 | 182 | 262 | 186 | -8.4% |
| Belgium | 236 | 195 | 182 | 182 | -8.3% |
| France | 90.9 | 52.8 | 70.4 | 52.4 | -16.8% |
| South Korea | 32.2 | 16.2 | 22.0 | 44.0 | 11.0% |
| United States | 17.3 | 16.0 | 24.8 | 41.9 | 34.3% |
| Israel | 34.0 | 23.1 | 47.0 | 34.9 | 0.9% |
| Saudi Arabia | 18.3 | 20.7 | 27.5 | 31.1 | 19.3% |
| Spain | 20.7 | 13.1 | 18.3 | 27.7 | 10.2% |
| Finland | 15.1 | 13.4 | 0.5 | 26.6 | 20.8% |
| South Africa | 16.3 | 9.1 | 21.2 | 25.0 | 15.3% |
| Italy | 18.3 | 23.4 | 27.3 | 24.6 | 10.4% |
| Ireland | 6.7 | 9.0 | 15.3 | 18.1 | 39.3% |
| Others | 67.0 | 64.6 | 87.6 | 111 | 18.3% |
| Total | 985 | 781 | 933 | 997 | 0.4% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to the UK in 2022:
- Netherlands (94.7K tons)
- Germany (93.5K tons)
- Belgium (91.4K tons)
- France (26.2K tons)
- South Korea (22.0K tons)
- Saudi Arabia (19.9K tons)
- Israel (18.7K tons)
- South Africa (15.7K tons)
- Ireland (14.7K tons)
- Spain (13.7K tons)
- Italy (12.8K tons)
- Finland (12.8K tons)
- United States (11.5K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in the UK
In 2022, overseas shipments of polymers of propylene or of other olefins, in primary formses decreased by -13.3% to 222K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when exports increased by 5.5%. As a result, the exports reached the peak of 257K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of polymers of propylene or of other olefins, in primary formses reduced to $394M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $439M, and then dropped in the following year.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 32.4 | 19.0 | 74.3 | 74.2 | 31.8% |
| Belgium | 101 | 70.8 | 104 | 73.1 | -10.2% |
| France | 41.7 | 32.8 | 52.2 | 56.8 | 10.9% |
| Germany | 41.6 | 51.1 | 47.2 | 43.8 | 1.7% |
| Ireland | 21.9 | 25.3 | 14.8 | 19.0 | -4.6% |
| Italy | 12.3 | 14.9 | 20.0 | 17.7 | 12.9% |
| Poland | 16.5 | 15.8 | 17.5 | 11.9 | -10.3% |
| Czech Republic | 14.5 | 10.7 | 8.3 | 9.6 | -12.8% |
| Turkey | 15.5 | 20.8 | 10.9 | 9.5 | -15.1% |
| Sweden | 6.3 | 5.9 | 11.8 | 9.5 | 14.7% |
| Malaysia | 0.3 | 0.2 | 0.5 | 6.2 | 174.4% |
| Spain | 6.8 | 7.6 | 4.6 | 5.8 | -5.2% |
| Others | 61.5 | 59.6 | 72.2 | 56.6 | -2.7% |
| Total | 372 | 335 | 439 | 394 | 1.9% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from the UK in 2022:
- Netherlands (47.4K tons)
- Belgium (39.3K tons)
- France (26.5K tons)
- Germany (24.5K tons)
- Ireland (17.4K tons)
- Italy (11.9K tons)
- Malaysia (7.1K tons)
- Poland (5.7K tons)
- Sweden (5.6K tons)
- Turkey (4.2K tons)
- Czech Republic (4.1K tons)
- Spain (3.4K tons)
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This report provides an in-depth analysis of the market for polypropylene in primary forms in the UK.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in the UK.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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