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

Contents:

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

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

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,941 per ton in October 2023, with an increase of 15% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 541% m-o-m. As a result, import price attained the peak level of $11,525 per ton. From December 2022 to October 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Sweden ($2,609 per ton) and the Netherlands ($1,936 per ton), while the price for Germany ($1,797 per ton) and Finland ($1,850 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In October 2023, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $4,725 per ton, with an increase of 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in July 2023 an increase of 47% against the previous month. As a result, the export price reached the peak level of $6,649 per ton. From August 2023 to October 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the UK ($7,888 per ton), while the average price for exports to Norway ($2,442 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 Belgium (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -5.8% to 26K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 2.5% against the previous year. As a result, imports attained the peak of 30K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses skyrocketed to $74M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Denmark (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands11.511.114.836.346.7%
Belgium20.516.529.220.4-0.2%
Germany5.95.94.98.512.9%
Sweden2.42.84.04.624.2%
Czech Republic1.71.92.10.8-22.2%
Others3.92.13.13.4-4.5%
Total45.840.258.174.217.4%

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

  1. Belgium (9.6K tons)
  2. Netherlands (8.5K tons)
  3. Germany (4.2K tons)
  4. Sweden (1.7K tons)
  5. Czech Republic (0.3K tons)

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

In 2022, exports of propylene, other olefin polymers; propylene copolymers in primary formses from Denmark shrank sharply to 5.6K tons, waning by -36.7% compared with 2021 figures. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 8.9K tons, and then declined remarkably in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses shrank markedly to $22M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, the exports reached the peak of $27M, and then dropped dramatically in the following year.

Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Denmark (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden7.56.611.34.9-13.2%
Netherlands3.33.34.74.39.2%
United Kingdom3.13.13.53.43.1%
Belgium1.21.82.12.222.4%
Hungary0.60.61.21.946.8%
NorwayN/A0.10.11.5287.3%
Germany0.50.50.71.026.0%
PolandN/AN/A0.90.7-22.2%
Finland1.10.20.10.3-35.2%
Others0.91.62.91.826.0%
Total18.417.627.522.06.1%

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

  1. Sweden (1947.2 tons)
  2. Netherlands (696.8 tons)
  3. Norway (634.0 tons)
  4. Hungary (492.9 tons)
  5. United Kingdom (481.8 tons)
  6. Belgium (398.5 tons)
  7. Poland (367.1 tons)
  8. Germany (196.7 tons)
  9. Finland (63.1 tons)

Source: IndexBox Market Intelligence Platform

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