Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India (FOB) - 2023
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India (CIF) - 2023
In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,223 per ton, with an increase of 3.1% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 7.2% month-to-month. Over the period under review, average import prices hit record highs at $1,357 per ton in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,795 per ton), while the price for Saudi Arabia ($1,034 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by South Korea (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India (FOB) - 2023
The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,786 per ton in October 2023, with an increase of 30% against the previous month. Over the period from November 2022 to October 2023, it increased at an average monthly rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($2,839 per ton), while the average price for exports to Nepal ($1,151 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.7%), 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 India
Imports of propylene, other olefin polymers; propylene copolymers in primary formses into India soared to 355K tons in 2022, with an increase of 18% against the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 +58.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports of attained the peak figure 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 skyrocketed to $550M in 2022. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 138 | 93.5 | 185 | 214 | 15.7% |
| United Arab Emirates | 84.0 | 77.6 | 110 | 129 | 15.4% |
| Thailand | 48.9 | 33.9 | 61.4 | 83.2 | 19.4% |
| Saudi Arabia | 13.1 | 10.3 | 33.7 | 38.8 | 43.6% |
| Japan | 10.0 | 6.6 | 10.4 | 15.5 | 15.7% |
| South Korea | 20.6 | 13.5 | 19.6 | 14.1 | -11.9% |
| Belgium | 5.2 | 6.6 | 11.0 | 12.6 | 34.3% |
| Netherlands | 11.8 | 10.3 | 12.2 | 11.2 | -1.7% |
| Others | 15.0 | 13.5 | 25.6 | 32.3 | 29.1% |
| Total | 346 | 266 | 468 | 550 | 16.7% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to India in 2022:
- Singapore (129.5K tons)
- United Arab Emirates (99.0K tons)
- Thailand (54.1K tons)
- Saudi Arabia (29.3K tons)
- Japan (9.1K tons)
- South Korea (7.7K tons)
- Belgium (6.2K tons)
- Netherlands (4.3K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India
In 2022, overseas shipments of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -51% to 19K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a mild descent. The growth pace was the most rapid in 2020 with an increase of 176%. As a result, the exports reached the peak of 54K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses fell sharply to $33M in 2022. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 168%. As a result, the exports attained the peak of $63M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.3 | 0.3 | 0.9 | 10.3 | 225.0% |
| Nepal | N/A | 1.4 | 5.4 | 4.3 | 75.3% |
| Israel | 5.3 | 6.7 | 21.9 | 3.1 | -16.4% |
| Nigeria | 4.6 | 5.9 | 8.1 | 2.3 | -20.6% |
| Italy | 1.8 | 0.6 | 2.4 | 2.0 | 3.6% |
| Saudi Arabia | 0.1 | 0.1 | 0.5 | 1.3 | 135.1% |
| Egypt | 0.1 | 0.6 | 1.5 | 1.3 | 135.1% |
| Bangladesh | 0.3 | 0.8 | 0.7 | 1.1 | 54.2% |
| Belgium | 1.0 | 0.7 | 1.0 | 0.9 | -3.5% |
| Portugal | 1.2 | 0.5 | 2.6 | 0.6 | -20.6% |
| Greece | N/A | 0.5 | 1.2 | 0.6 | 9.5% |
| Poland | N/A | N/A | 0.7 | 0.5 | -28.6% |
| Kuwait | N/A | N/A | N/A | 0.4 | 0% |
| Others | 9.1 | 45.5 | 11.0 | 4.2 | -22.7% |
| Total | 23.7 | 63.5 | 57.9 | 32.8 | 11.4% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from India in 2022:
- United Arab Emirates (3.8K tons)
- Nepal (3.1K tons)
- Israel (2.3K tons)
- Nigeria (1.8K tons)
- Italy (1.5K tons)
- Bangladesh (0.7K tons)
- Belgium (0.6K tons)
- Kuwait (0.5K tons)
- Saudi Arabia (0.4K tons)
- Portugal (0.4K tons)
- Egypt (0.4K tons)
- Poland (0.4K tons)
- Greece (0.4K tons)
88
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in India.
627
This report provides an in-depth analysis of the market for polypropylene in primary forms in India.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
962
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
88
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in India.
627
This report provides an in-depth analysis of the market for polypropylene in primary forms in India.
52
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
962
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
578
Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
150
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
314
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
693
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
578
Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
150
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
314
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
693
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
