Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Iran - 2022

Contents:

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

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

In 2022, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $2,132 per ton, shrinking by -9.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. As a result, import price reached the peak level of $3,581 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($10,702 per ton), while the price for the United Arab Emirates ($1,901 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Iran (FOB) - 2022

The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $1,050 per ton in 2022, approximately equating the previous year. In general, the export price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 48%. The export price peaked at $4,201 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($2,540 per ton), while the average price for exports to Azerbaijan stood at $372 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+4.5%).

Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Iran

After three years of growth, purchases abroad of propylene, other olefin polymers; polyisobutylene in primary formses decreased by -44% to 1.1K tons in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of 1.9K tons, and then contracted sharply in the following year.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses dropped markedly to $2.3M in 2022. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of $4.5M, and then contracted remarkably in the following year.

Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates6996921,8101,33324.0%
China1,131761589282-37.1%
South Korea40.587.228719568.9%
India1,105917587191-44.3%
Turkey79.517139398.67.4%
Hong Kong SARN/AN/A506N/A0%
Others91.341737719629.0%
Total3,1463,0454,5482,296-10.0%

Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to Iran in 2022:

  1. United Arab Emirates (701.4 tons)
  2. China (129.0 tons)
  3. India (90.2 tons)
  4. South Korea (85.4 tons)
  5. Turkey (40.3 tons)

Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Iran

In 2022, the amount of propylene, other olefin polymers; polyisobutylene in primary formses exported from Iran totaled 7 tons, therefore, remained relatively stable against the previous year. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 250%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses amounted to $7.4K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 206% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Armenia2.42.15.35.632.6%
Azerbaijan0.80.32.01.831.0%
OthersN/AN/AN/AN/A0%
Total3.12.47.37.433.6%

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

  1. Azerbaijan (4.8 tons)
  2. Armenia (2.2 tons)

Source: IndexBox Market Intelligence Platform

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