Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK (CIF) - 2023
The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,468 per ton in December 2023, approximately reflecting the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 18% against the previous month. The import price peaked at $2,919 per ton in September 2023; however, from October 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,501 per ton), while the price for France ($1,769 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.9%), 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 the UK (FOB) - 2022
The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $1,364 per ton in 2022, with a decrease of -63.9% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 52%. As a result, the export price attained the peak level of $4,091 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
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 Ireland ($9,594 per ton), while the average price for exports to Malaysia ($617 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 Ireland (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK
In 2022, approx. 15K tons of propylene, other olefin polymers; polyisobutylene in primary formses were imported into the UK; falling by -23.2% on the previous year. Overall, imports recorded a slight contraction. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of 19K tons, and then shrank significantly in the following year.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses rose rapidly to $36M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 10.5 | 7.9 | 12.9 | 17.9 | 19.5% |
| France | 1.9 | 2.1 | 3.4 | 4.9 | 37.1% |
| Belgium | 4.2 | 2.3 | 6.8 | 3.8 | -3.3% |
| Canada | N/A | N/A | 0.5 | 3.5 | 600.0% |
| Germany | 4.5 | 6.8 | 3.7 | 3.1 | -11.7% |
| Russia | 1.2 | 1.0 | 0.9 | 0.8 | -12.6% |
| United States | 1.9 | 1.5 | 1.0 | 0.6 | -31.9% |
| Brazil | 0.5 | 0.3 | 0.2 | 0.5 | 0.0% |
| Egypt | N/A | 0.2 | 1.1 | N/A | 450.0% |
| Others | 2.1 | 1.0 | 1.0 | 1.2 | -17.0% |
| Total | 26.8 | 23.3 | 31.7 | 36.3 | 10.6% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to the UK in 2022:
- South Korea (7.9K tons)
- France (2.6K tons)
- Belgium (1.9K tons)
- Germany (0.7K tons)
- Canada (0.6K tons)
- Brazil (0.2K tons)
- United States (0.2K tons)
- Russia (0.2K tons)
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK
In 2022, shipments abroad of propylene, other olefin polymers; polyisobutylene in primary formses increased by 471% to 1.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses skyrocketed to $2M in 2022. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 757 | 0% |
| South Africa | 395 | 186 | 270 | 428 | 2.7% |
| Germany | 126 | 64.0 | 234 | 341 | 39.4% |
| Belgium | 753 | 462 | 39.2 | 15.3 | -72.7% |
| Netherlands | 18.7 | 0.3 | 83.1 | 12.3 | -13.0% |
| United States | 104 | 93.6 | 61.7 | N/A | -23.0% |
| Others | 256 | 280 | 295 | 473 | 22.7% |
| Total | 1,653 | 1,087 | 983 | 2,027 | 7.0% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from the UK in 2022:
- Malaysia (1227.2 tons)
- South Africa (103.8 tons)
- Germany (63.1 tons)
- Belgium (9.9 tons)
- Netherlands (7.3 tons)
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This report provides an in-depth analysis of the market for polypropylene in primary forms in the UK.
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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 UK.
392
This report provides an in-depth analysis of the market for polypropylene in primary forms in the UK.
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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 ...
