Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India (CIF) - 2023
The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $1,875 per ton in November 2023, declining by -6% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 37% against the previous month. As a result, import price reached the peak level of $2,127 per ton. From February 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,404 per ton), while the price for Brazil ($1,275 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.4%), 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 India (FOB) - 2022
In 2022, the average export price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $1,747 per ton, rising by 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the maximum at $2,172 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 Peru ($2,851 per ton), while the average price for exports to China ($1,514 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 the United States (+9.5%), 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 India
In 2022, imports of propylene, other olefin polymers; polyisobutylene in primary formses into India surged to 21K tons, rising by 16% on the previous year's figure. The total import volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 21%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses surged to $43M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +89.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 13.7 | 11.0 | 14.2 | 28.9 | 28.3% |
| Malaysia | 3.1 | 4.1 | 6.0 | 6.0 | 24.6% |
| France | 1.1 | 1.2 | 2.0 | 2.2 | 26.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.9 | 0% |
| United States | 5.8 | 3.7 | 4.3 | 0.9 | -46.3% |
| Others | 3.7 | 2.5 | 4.3 | 3.9 | 1.8% |
| Total | 27.3 | 22.6 | 30.8 | 42.8 | 16.2% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to India in 2022:
- South Korea (15.2K tons)
- Malaysia (2.9K tons)
- France (0.7K tons)
- United Arab Emirates (0.4K tons)
- United States (0.4K tons)
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in India
Exports of propylene, other olefin polymers; polyisobutylene in primary formses from India skyrocketed to 8.9K tons in 2022, with an increase of 31% compared with 2021 figures. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 66% against the previous year. As a result, the exports attained the peak of 9.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses surged to $16M in 2022. Over the period under review, exports enjoyed significant growth. 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 India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,330 | 4,610 | 1,444 | 5,522 | 60.7% |
| Singapore | 2,644 | 2,430 | 3,723 | 2,908 | 3.2% |
| United Arab Emirates | 343 | 494 | 1,287 | 1,537 | 64.9% |
| Thailand | 220 | 656 | 321 | 696 | 46.8% |
| Indonesia | 70.7 | 185 | 330 | 677 | 112.4% |
| Peru | 232 | 379 | 284 | 479 | 27.3% |
| Turkey | 173 | 79.0 | 201 | 417 | 34.1% |
| Russia | N/A | N/A | 332 | 394 | 18.7% |
| Belgium | 130 | 92.2 | 42.2 | 379 | 42.9% |
| Sri Lanka | 179 | 95.2 | 217 | 367 | 27.0% |
| Iran | 740 | 347 | 120 | 227 | -32.6% |
| Others | 1,777 | 958 | 1,923 | 1,990 | 3.8% |
| Total | 7,838 | 10,325 | 10,224 | 15,592 | 25.8% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from India in 2022:
- China (3648.2 tons)
- Singapore (1875.1 tons)
- United Arab Emirates (655.3 tons)
- Thailand (403.4 tons)
- Indonesia (393.2 tons)
- Sri Lanka (217.9 tons)
- Russia (214.2 tons)
- Belgium (205.2 tons)
- Turkey (185.9 tons)
- Peru (168.0 tons)
- Iran (100.8 tons)
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in India.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in India.
47
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
942
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
73
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in India.
606
This report provides an in-depth analysis of the market for polypropylene in primary forms in India.
47
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
942
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
561
Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
126
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
284
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.
678
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
561
Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
126
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
284
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.
678
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
