Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium - 2023

Contents:

1. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium (FOB) - 2023
2. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium (CIF) - 2023
3. Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium
4. Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium (FOB) - 2023

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,765 per ton in October 2023, growing by 4.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 5.4% against the previous month. As a result, the export price reached the peak level of $1,933 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($2,262 per ton), while the average price for exports to Algeria ($1,097 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium (CIF) - 2023

In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,557 per ton, surging by 1.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 29% m-o-m. The import price peaked at $1,842 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($2,730 per ton), while the price for Saudi Arabia ($1,088 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium

In 2022, overseas shipments of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -4.6% to 1.3M tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 92%. As a result, the exports attained the peak of 1.4M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses expanded markedly to $2.7B in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 70%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Belgium in 2022:

1. Germany (308.3K tons)
2. France (169.6K tons)
3. Italy (117.1K tons)
4. Poland (70.9K tons)
5. Spain (70.4K tons)
6. Netherlands (60.6K tons)
7. United Kingdom (58.9K tons)
8. Czech Republic (56.1K tons)
9. Turkey (49.6K tons)
10. Sweden (43.3K tons)
11. Austria (42.2K tons)
12. Portugal (32.4K tons)

Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Belgium

For the fourth year in a row, Belgium recorded growth in supplies from abroad of propylene, other olefin polymers; propylene copolymers in primary formses, which increased by 21% to 395K tons in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 143%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses soared to $750M in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 115%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Belgium in 2022:

1. Netherlands (169.0K tons)
2. South Korea (56.8K tons)
3. Singapore (32.5K tons)
4. Germany (31.1K tons)
5. Saudi Arabia (20.2K tons)
6. United States (16.4K tons)
7. Austria (15.1K tons)
8. France (11.4K tons)
9. United Kingdom (11.1K tons)

Source: IndexBox Market Intelligence Platform