Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Colombia - 2022

Contents:

1. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Colombia (FOB) - 2022
2. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Colombia (CIF) - 2022
3. Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Colombia
4. Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Colombia

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Colombia (FOB) - 2022

In February 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,882 per ton, shrinking by -7.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in March 2021 when the average export price increased by 28% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,328 per ton in May 2021; however, from June 2021 to February 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In February 2022, the highest price was recorded for prices to Venezuela ($2,107 per ton) and Mexico ($2,003 per ton), while the average price for exports to Peru ($1,637 per ton) and the United States ($1,702 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.6%), 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 Colombia (CIF) - 2022

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,853 per ton in February 2022, reducing by -2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in March 2021 an increase of 16% m-o-m. Over the period under review, average import prices hit record highs at $1,970 per ton in September 2021; however, from October 2021 to February 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Belgium ($2,249 per ton), while the price for Ecuador ($1,056 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+40.6%), 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 Colombia

In 2022, after three years of growth, there was significant decline in overseas shipments of propylene, other olefin polymers; propylene copolymers in primary formses, when their volume decreased by -6% to 99K tons. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 3.8% against the previous year. As a result, the exports reached the peak of 106K tons, and then reduced in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses contracted markedly to $176M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 73%. As a result, the exports attained the peak of $213M, and then shrank sharply in the following year.

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

1. Brazil (29.1K tons)
2. Argentina (14.5K tons)
3. Mexico (14.0K tons)
4. Peru (8.5K tons)
5. Ecuador (6.2K tons)
6. Venezuela (4.9K tons)
7. Chile (4.6K tons)
8. United States (3.3K tons)
9. Canada (1.1K tons)

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

For the fourth consecutive year, Colombia recorded growth in overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses, which increased by 2.6% to 23K tons in 2022. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 9.8%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses expanded significantly to $44M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. 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 Colombia in 2022:

1. Brazil (6.4K tons)
2. Belgium (4.3K tons)
3. South Korea (3.6K tons)
4. Saudi Arabia (1.7K tons)
5. Ecuador (1.4K tons)
6. United States (0.9K tons)
7. Netherlands (0.8K tons)
8. France (0.8K tons)
9. Mexico (0.6K tons)
10. China (0.6K tons)
11. Germany (0.5K tons)
12. Costa Rica (0.4K tons)

Source: IndexBox Market Intelligence Platform