Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR (FOB) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR (CIF) - 2023
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR (FOB) - 2023
The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,120 per ton in October 2023, with a decrease of -4.1% against the previous month. Overall, the export price continues to indicate a mild shrinkage. The growth pace was the most rapid in January 2023 an increase of 12% month-to-month. Over the period under review, the average export prices reached the maximum at $1,345 per ton in November 2022; however, from December 2022 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Vietnam ($1,141 per ton), while the average price for exports to China totaled $1,119 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.7%).
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR (CIF) - 2023
The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,353 per ton in October 2023, declining by -27.7% against the previous month. Overall, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 61% m-o-m. The import price peaked at $2,240 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($4,958 per ton), while the price for the United Arab Emirates ($1,009 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Singapore (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR
In 2022, shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -33.5% to 30K tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of 48K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses fell remarkably to $41M in 2022. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 17%. As a result, the exports reached the peak of $65M, and then reduced rapidly in the following year.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.1 | 55.3 | 63.1 | 40.9 | -7.2% |
| Others | 1.3 | 0.4 | 2.2 | 0.6 | -22.7% |
| Total | 52.4 | 55.8 | 65.4 | 41.4 | -7.6% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Hong Kong SAR in 2022:
- China (29.6K tons)
Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR
In 2022, approx. 17K tons of propylene, other olefin polymers; propylene copolymers in primary formses were imported into Hong Kong SAR; dropping by -41% on the previous year. In general, imports continue to indicate a precipitous decrease. The smallest decline of -1.2% was in 2020.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses contracted remarkably to $30M in 2022. Over the period under review, imports recorded a deep downturn. The smallest decline of -6.2% was in 2020.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.5 | 10.4 | 11.3 | 13.3 | 11.9% |
| United States | 4.9 | 5.4 | 7.0 | 5.9 | 6.4% |
| China | 23.6 | 22.5 | 17.2 | 4.2 | -43.8% |
| Italy | 1.0 | 0.7 | 1.1 | 1.5 | 14.5% |
| South Korea | 1.2 | 2.4 | 4.3 | 1.5 | 7.7% |
| Singapore | 7.0 | 3.5 | 2.4 | 1.4 | -41.5% |
| Malaysia | 1.9 | 1.9 | 0.6 | 0.6 | -31.9% |
| Saudi Arabia | 5.1 | 3.3 | 2.4 | 0.5 | -53.9% |
| United Arab Emirates | 0.8 | 1.1 | 0.9 | N/A | 6.1% |
| Others | 1.7 | 1.9 | 1.3 | 0.7 | -25.6% |
| Total | 56.7 | 53.1 | 48.7 | 29.7 | -19.4% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Hong Kong SAR in 2022:
- Taiwan (Chinese) (10.0K tons)
- China (3.3K tons)
- South Korea (1.1K tons)
- Italy (0.8K tons)
- Singapore (0.6K tons)
- Malaysia (0.5K tons)
- Saudi Arabia (0.4K tons)
- United States (0.4K tons)
51
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Hong Kong SAR, China.
327
This report provides an in-depth analysis of the market for polypropylene in primary forms in Hong Kong SAR, China.
44
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
936
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
51
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Hong Kong SAR, China.
327
This report provides an in-depth analysis of the market for polypropylene in primary forms in Hong Kong SAR, China.
44
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
936
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
116
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 ...
116
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
268
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.
672
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
