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

Contents:

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

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

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $2,046 per ton in 2022, growing by 2.9% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +52.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($2,046 per ton) and Taiwan (Chinese) ($2,046 per ton), while the price for Singapore ($2,046 per ton) and Saudi Arabia ($2,046 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.3%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,912 per ton, which is down by -5.5% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices reached the maximum at $2,023 per ton in 2021, and then dropped in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($1,912 per ton) and Indonesia ($1,912 per ton), while the average price for exports to Pakistan ($1,912 per ton) and China ($1,912 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.1%), 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 Vietnam

In 2022, overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -10.1% to 180K tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 1% against the previous year. As a result, imports reached the peak of 235K 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 $369M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of $399M, and then shrank in the following year.

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

1. South Korea (89.6K tons)
2. Singapore (35.0K tons)
3. Thailand (17.1K tons)
4. United Arab Emirates (9.8K tons)
5. Saudi Arabia (8.6K tons)
6. Taiwan (Chinese) (6.6K tons)
7. Japan (5.3K tons)
8. China (5.1K tons)

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

For the fourth consecutive year, Vietnam recorded growth in shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses, which increased by 22% to 49K tons in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 5,423% against the previous year. Over the period under review, the exports of reached the peak figure 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 $93M in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 5,028%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Japan (19.1K tons)
2. China (8.9K tons)
3. Indonesia (8.3K tons)
4. Germany (2.3K tons)
5. Belgium (1.8K tons)
6. Malaysia (1.0K tons)
7. Netherlands (0.9K tons)
8. Pakistan (0.8K tons)
9. Poland (0.8K tons)
10. Russia (0.8K tons)

Source: IndexBox Market Intelligence Platform