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

Contents:

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

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

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,810 per ton in 2022, reducing by -3% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for propylene, other olefin polymers; propylene copolymers in primary formses increased by +52.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 57% against the previous year. As a result, import price reached the peak level of $1,865 per ton, and then declined modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($2,047 per ton) and South Korea ($1,969 per ton), while the price for the United States ($1,493 per ton) and Mexico ($1,518 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.0%), 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 Guatemala (FOB) - 2022

In 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,579 per ton, shrinking by -13.3% against the previous year. In general, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of 114%. As a result, the export price reached the peak level of $3,150 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($2,584 per ton), while the average price for exports to El Salvador amounted to $1,326 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -4.4% to 11K tons, falling for the second consecutive year after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses declined to $20M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +36.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $22M, and then fell in the following year.

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

1. Mexico (2.7K tons)
2. South Korea (2.4K tons)
3. Colombia (1.9K tons)
4. United States (1.2K tons)
5. Thailand (0.8K tons)
6. Brazil (0.6K tons)
7. Saudi Arabia (0.6K tons)
8. Taiwan (Chinese) (0.6K tons)

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

For the fourth year in a row, Guatemala recorded growth in shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses, which increased by 572% to 389 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,854% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses surged to $614K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,307% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. El Salvador (312.0 tons)
2. Mexico (75.1 tons)

Source: IndexBox Market Intelligence Platform