Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore - 2022
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore (FOB) - 2022
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore (CIF) - 2022
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore (FOB) - 2022
The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,963 per ton in September 2022, falling by -8.2% against the previous month. Over the period under review, the export price showed a slight decline. The growth pace was the most rapid in April 2022 an increase of 7.2% month-to-month. The export price peaked at $2,353 per ton in May 2022; however, from June 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was the United States ($2,833 per ton), while the average price for exports to Vietnam ($1,513 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore (CIF) - 2022
The average import price for polymers of propylene or of other olefins, in primary formses stood at $2,400 per ton in September 2022, surging by 15% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.3%. Over the period under review, average import prices hit record highs at $2,432 per ton in May 2022; afterwards, it flattened through to September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($5,014 per ton), while the price for Saudi Arabia ($1,611 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore
In 2022, approx. 2.1M tons of polymers of propylene or of other olefins, in primary formses were exported from Singapore; shrinking by -2.6% on the previous year's figure. Over the period under review, exports showed a pronounced slump. The smallest decline of -1.2% was in 2021.
In value terms, exports of polymers of propylene or of other olefins, in primary formses dropped modestly to $3.2B in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports attained the peak of $3.3B, and then declined in the following year.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,127 | 1,028 | 1,236 | 1,146 | 0.6% |
| Indonesia | 522 | 377 | 530 | 506 | -1.0% |
| India | 277 | 195 | 344 | 416 | 14.5% |
| Vietnam | 235 | 160 | 174 | 192 | -6.5% |
| Malaysia | 162 | 153 | 200 | 161 | -0.2% |
| Thailand | 126 | 95.3 | 146 | 152 | 6.5% |
| United States | 77.4 | 80.8 | 102 | 133 | 19.8% |
| Taiwan (Chinese) | 80.7 | 64.5 | 72.1 | 58.3 | -10.3% |
| Philippines | 60.5 | 48.3 | 57.1 | 43.5 | -10.4% |
| Japan | 44.9 | 208 | 50.0 | 41.6 | -2.5% |
| Others | 291 | 272 | 380 | 395 | 10.7% |
| Total | 3,003 | 2,683 | 3,292 | 3,244 | 2.6% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Singapore in 2022:
- China (748.4K tons)
- Indonesia (341.0K tons)
- India (280.5K tons)
- Vietnam (149.9K tons)
- Malaysia (110.0K tons)
- Thailand (104.8K tons)
- United States (65.7K tons)
- Taiwan (Chinese) (37.6K tons)
- Philippines (32.0K tons)
- Japan (23.7K tons)
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore
In 2022, imports of polymers of propylene or of other olefins, in primary formses into Singapore totaled 496K tons, picking up by 2.6% compared with the previous year. In general, imports, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 6.8%.
In value terms, imports of polymers of propylene or of other olefins, in primary formses stood at $810M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 388 | 282 | 292 | 339 | -4.4% |
| United States | 165 | 122 | 168 | 171 | 1.2% |
| Malaysia | 59.8 | 51.0 | 79.5 | 90.3 | 14.7% |
| South Korea | 53.2 | 38.0 | 65.9 | 81.6 | 15.3% |
| France | 18.8 | 29.2 | 46.5 | 28.1 | 14.3% |
| Belgium | 2.3 | 11.3 | 20.0 | 25.7 | 123.6% |
| Germany | 13.0 | 11.7 | 17.4 | 16.6 | 8.5% |
| United Arab Emirates | 34.0 | 40.1 | 26.6 | 8.3 | -37.5% |
| Others | 41.0 | 50.4 | 63.4 | 49.1 | 6.2% |
| Total | 775 | 636 | 779 | 810 | 1.5% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Singapore in 2022:
- Saudi Arabia (291.9K tons)
- United States (51.9K tons)
- Malaysia (51.9K tons)
- South Korea (42.8K tons)
- Belgium (11.4K tons)
- France (8.9K tons)
- Germany (8.4K tons)
- United Arab Emirates (7.6K tons)
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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 market for polypropylene in primary forms in Singapore.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Singapore.
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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 global market for polyolefins other than polypropylene.
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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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