Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines (CIF) - 2023
In September 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,100 per ton, remaining relatively unchanged against the previous month. In general, the import price recorded a mild downturn. The pace of growth appeared the most rapid in April 2023 an increase of 4.8% month-to-month. As a result, import price reached the peak level of $1,329 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($1,237 per ton), while the price for Saudi Arabia ($620 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced a decline.
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines (FOB) - 2022
The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $2,036 per ton in 2022, picking up by 91% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 93%. The export price peaked at $4,842 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($5,296 per ton), while the average price for exports to Thailand ($1,415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+28.6%), 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 the Philippines
Imports of propylene, other olefin polymers; propylene copolymers in primary formses into the Philippines fell to 85K tons in 2022, dropping by -2% on the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +60.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of 86K tons, and then dropped modestly in the following year.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses reduced to $120M in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 110% against the previous year. As a result, imports reached the peak of $127M, and then dropped in the following year.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 27.3 | 13.8 | 29.8 | 29.9 | 3.1% |
| Singapore | 35.5 | 24.9 | 37.0 | 27.9 | -7.7% |
| South Korea | 5.5 | 7.1 | 15.3 | 25.7 | 67.2% |
| Malaysia | 4.0 | 3.5 | 22.2 | 17.5 | 63.6% |
| Taiwan (Chinese) | 3.1 | 2.1 | 4.1 | 4.1 | 9.8% |
| Saudi Arabia | 5.1 | 4.3 | 7.3 | 4.0 | -7.8% |
| United Arab Emirates | 1.4 | 2.8 | 2.8 | 3.8 | 39.5% |
| Others | 3.6 | 2.0 | 8.7 | 7.6 | 28.3% |
| Total | 85.4 | 60.5 | 127 | 120 | 12.0% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to the Philippines in 2022:
- Thailand (20.2K tons)
- Singapore (19.8K tons)
- South Korea (19.2K tons)
- Malaysia (12.6K tons)
- Saudi Arabia (4.4K tons)
- Taiwan (Chinese) (3.0K tons)
- United Arab Emirates (2.8K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines
In 2022, overseas shipments of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -54.9% to 144 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. As a result, the exports reached the peak of 827 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 fell to $292K in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 99%. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | 32.6 | 5.0 | 142 | 108.7% |
| Thailand | N/A | N/A | N/A | 66.5 | 0% |
| Japan | N/A | N/A | 2.4 | 47.4 | 1875.0% |
| Hong Kong SAR | 79.8 | 384 | 25.3 | 35.8 | -23.4% |
| China | 423 | 545 | 0.7 | N/A | -95.9% |
| Malaysia | 46.0 | 132 | 116 | N/A | 58.8% |
| India | N/A | N/A | 166 | N/A | 0% |
| Indonesia | 18.9 | 25.6 | 4.2 | N/A | -52.9% |
| Others | N/A | 8.4 | 18.4 | 1.0 | -65.5% |
| Total | 568 | 1,128 | 338 | 292 | -19.9% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from the Philippines in 2022:
- Taiwan (Chinese) (79.8 tons)
- Thailand (47.0 tons)
- Japan (9.7 tons)
- Hong Kong SAR (6.8 tons)
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in the Philippines.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in the Philippines.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in the Philippines.
754
This report provides an in-depth analysis of the market for polypropylene in primary forms in the Philippines.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
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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.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
