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

Contents:

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

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

In 2022, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,651 per ton, with a decrease of -16.7% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 65%. The import price peaked at $3,131 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,518 per ton), while the price for Taiwan (Chinese) ($1,002 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for polymers of propylene or of other olefins, in primary formses stood at $552 per ton in 2022, approximately mirroring the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12% against the previous year. The export price peaked at $1,504 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($944 per ton), while the average price for exports to Hong Kong SAR ($66 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 Chile (-4.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of polymers of propylene or of other olefins, in primary formses decreased by -13.5% to 23K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses reduced rapidly to $37M in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. As a result, imports attained the peak of $52M, and then declined notably in the following year.

Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Venezuela (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia9.716.036.224.436.0%
China0.61.19.16.1116.6%
United States2.02.51.42.57.7%
Dominican RepublicN/AN/AN/A1.10%
Taiwan (Chinese)0.80.81.41.07.7%
Thailand0.50.50.70.2-26.3%
Others1.52.03.02.111.9%
Total15.122.951.937.435.3%

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

  1. Colombia (15.2K tons)
  2. China (2.4K tons)
  3. United States (1.6K tons)
  4. Taiwan (Chinese) (1.0K tons)
  5. Dominican Republic (0.8K tons)
  6. Thailand (0.2K tons)

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

After two years of decline, shipments abroad of polymers of propylene or of other olefins, in primary formses increased by 50% to 201 tons in 2022. Overall, exports, however, faced a sharp downturn.

In value terms, exports of polymers of propylene or of other olefins, in primary formses soared to $111K in 2022. Over the period under review, exports, however, saw a sharp downturn.

Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico10762.936.557.2-18.8%
Colombia97.839.512.116.9-44.3%
Nicaragua11.37.14.47.3-13.6%
Chile11.94.34.56.4-18.7%
China22.510.54.86.0-35.6%
Guatemala12.96.93.75.2-26.1%
Dominican Republic11.06.03.24.6-25.2%
United States10.75.62.83.9-28.6%
Hong Kong SAR2.81.71.01.7-15.3%
Peru3.31.50.70.8-37.6%
Costa Rica18.2N/AN/AN/A0%
El Salvador8.7N/AN/AN/A0%
Others28.91.70.81.1-66.4%
Total34714874.5111-31.6%

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

  1. Mexico (60.6 tons)
  2. Colombia (30.7 tons)
  3. Hong Kong SAR (25.5 tons)
  4. China (21.9 tons)
  5. Nicaragua (19.3 tons)
  6. Chile (11.4 tons)
  7. Guatemala (7.9 tons)
  8. United States (7.7 tons)
  9. Dominican Republic (6.9 tons)
  10. Peru (5.9 tons)

Source: IndexBox Market Intelligence Platform

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