Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan - 2023

Contents:

1. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan (CIF) - 2023
2. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan (FOB) - 2023
3. Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan
4. Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan (CIF) - 2023

The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,268 per ton in November 2023, picking up by 3% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 5.9% against the previous month. As a result, import price reached the peak level of $1,443 per ton. From January 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($1,549 per ton), while the price for Vietnam ($958 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 South Korea (+0.0%), while the prices for the other major suppliers experienced a decline.

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan (FOB) - 2023

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $2,049 per ton in November 2023, surging by 4.7% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 11% month-to-month. The export price peaked at $2,370 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($4,279 per ton), while the average price for exports to Indonesia ($1,563 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan

In 2022, the amount of propylene, other olefin polymers; propylene copolymers in primary formses imported into Japan skyrocketed to 296K tons, picking up by 32% against the previous year. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% 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 +50.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses soared to $462M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Japan in 2022:

1. South Korea (146.2K tons)
2. Thailand (59.8K tons)
3. United Arab Emirates (34.0K tons)
4. China (19.0K tons)
5. Vietnam (12.9K tons)
6. Taiwan (Chinese) (8.4K tons)
7. Singapore (5.6K tons)
8. United States (3.7K tons)

Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Japan

In 2022, after three years of growth, there was significant decline in shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses, when their volume decreased by -8.3% to 118K tons. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 9.7% against the previous year. As a result, the exports attained the peak of 129K tons, and then fell in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses reduced slightly to $267M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, the exports attained the peak of $277M, and then fell slightly in the following year.

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

1. China (38.4K tons)
2. Thailand (14.8K tons)
3. Taiwan (Chinese) (12.0K tons)
4. United States (11.6K tons)
5. India (8.8K tons)
6. Vietnam (7.9K tons)
7. France (3.6K tons)
8. Indonesia (3.2K tons)
9. Philippines (2.9K tons)
10. Malaysia (2.8K tons)

Source: IndexBox Market Intelligence Platform