Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates - 2022

Contents:

  1. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates (CIF) - 2022
  2. Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates (FOB) - 2022
  3. Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates
  4. Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates

Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates (CIF) - 2022

The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,006 per ton in 2022, surging by 8% against the previous year. In general, the import price, however, saw a slight decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 20% against the previous year. The import price peaked at $2,551 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Germany ($10,388 per ton), while the price for South Korea ($1,887 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates (FOB) - 2022

The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,189 per ton in 2022, increasing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2019 an increase of 31%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($3,853 per ton), while the average price for exports to Maldives ($731 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 the Philippines (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates

In 2022, overseas purchases of propylene, other olefin polymers; polyisobutylene in primary formses decreased by -37.9% to 3.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 151%. As a result, imports attained the peak of 5.3K tons, and then contracted notably in the following year.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses dropped rapidly to $6.6M in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 202% against the previous year. As a result, imports reached the peak of $9.9M, and then reduced remarkably in the following year.

Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea4934862,8145,250120.0%
FranceN/AN/A1,035596-42.4%
India4095921,1704311.8%
Brazil4951,1621,196113-38.9%
Belgium291N/A15756.0-42.3%
China2687032,122N/A181.4%
Others5713451,418200-29.5%
Total2,5273,2889,9146,64638.0%

Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to the United Arab Emirates in 2022:

  1. South Korea (2781.6 tons)
  2. France (250.3 tons)
  3. India (185.8 tons)
  4. Brazil (48.5 tons)
  5. Belgium (15.9 tons)

Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates

In 2022, exports of propylene, other olefin polymers; polyisobutylene in primary formses from the United Arab Emirates surged to 2.4K tons, increasing by 123% on the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses surged to $5.2M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Oman4.92.3N/A1,938634.0%
Iran6335551,4521,58335.7%
Saudi Arabia20.3245N/A642216.2%
AzerbaijanN/AN/AN/A3730%
Egypt42.3N/AN/A30192.3%
IndonesiaN/AN/AN/A1010%
Pakistan17149.4N/A80.3-22.3%
MaldivesN/AN/AN/A50.70%
Tanzania225N/AN/A3.9-74.1%
MyanmarN/AN/A134N/A0%
Others35.192.225816065.8%
Total1,1319441,8445,23366.6%

Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from the United Arab Emirates in 2022:

  1. Oman (823.5 tons)
  2. Iran (784.1 tons)
  3. Saudi Arabia (264.3 tons)
  4. Azerbaijan (160.2 tons)
  5. Egypt (129.0 tons)
  6. Maldives (69.3 tons)
  7. Indonesia (48.6 tons)
  8. Pakistan (43.7 tons)
  9. Tanzania (1.0 tons)

Source: IndexBox Market Intelligence Platform

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