China: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in China

The Chinese polyolefins other than polypropylene market expanded to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Polyolefins other than polypropylene consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Polyolefins other than Polypropylene in China

In value terms, polyolefins other than polypropylene production rose notably to $X in 2023 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Polyolefins other than polypropylene production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Polyolefins other than Polypropylene

Exports from China

In 2023, approx. X tons of polyolefins other than polypropylene were exported from China; picking up by X% against 2022 figures. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, polyolefins other than polypropylene exports surged to $X in 2023. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

Exports by Country

Japan (X tons), Russia (X tons) and Vietnam (X tons) were the main destinations of polyolefins other than polypropylene exports from China, together comprising X% of total exports. Brazil, Thailand, India, Malaysia, Israel, the United Arab Emirates, Nigeria, Mexico, Indonesia and Kenya lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyolefins other than polypropylene exported from China were Russia ($X), Japan ($X) and Vietnam ($X), with a combined X% share of total exports. Brazil, Thailand, India, the United Arab Emirates, Malaysia, Mexico, Indonesia, Israel, Nigeria and Kenya lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyolefins other than polypropylene export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyolefins other than Polypropylene

Imports into China

In 2023, purchases abroad of polyolefins other than polypropylene decreased by X% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, polyolefins other than polypropylene imports contracted sharply to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyolefins other than polypropylene imports to China, together comprising X% of total imports. The United Arab Emirates, Saudi Arabia, Japan, the United States and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyolefins other than polypropylene suppliers to China were Singapore ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Japan, the United States, the United Arab Emirates, Saudi Arabia and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyolefins other than polypropylene import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price recorded a slight decrease. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform