Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Australia - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Australia (CIF) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Australia (FOB) - 2022
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Australia
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Australia
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Australia (CIF) - 2023
The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,275 per ton in December 2023, declining by -8.7% against the previous month. Overall, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 10% against the previous month. Over the period under review, average import prices reached the maximum at $1,535 per ton in December 2022; however, from January 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 the United States ($2,934 per ton), while the price for Thailand ($1,236 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 South Korea (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Australia (FOB) - 2022
The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,324 per ton in 2022, falling by -3.7% against the previous year. Overall, the export price saw a mild curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 27%. Over the period under review, the average export prices reached the maximum at $1,589 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,750 per ton), while the average price for exports to Malaysia ($550 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 Philippines (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Australia
In 2022, the amount of polymers of propylene or of other olefins, in primary formses imported into Australia totaled 149K tons, leveling off at 2021 figures. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.4% 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 +50.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of polymers of propylene or of other olefins, in primary formses expanded rapidly to $245M in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.9 | 8.9 | 24.2 | 28.7 | 47.7% |
| South Korea | 19.3 | 15.3 | 20.5 | 25.3 | 9.4% |
| Singapore | 12.9 | 12.6 | 14.7 | 16.5 | 8.6% |
| United States | 6.8 | 5.7 | 8.9 | 9.9 | 13.3% |
| Malaysia | 2.0 | 1.5 | 1.8 | 2.4 | 6.3% |
| China | 2.5 | 1.1 | 3.3 | 2.3 | -2.7% |
| United Arab Emirates | 6.3 | 12.6 | 24.3 | N/A | 96.4% |
| Others | 104 | 66.7 | 129 | 160 | 15.4% |
| Total | 163 | 124 | 227 | 245 | 14.5% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Australia in 2022:
- Thailand (17.8K tons)
- South Korea (13.1K tons)
- Singapore (9.4K tons)
- United States (2.2K tons)
- Malaysia (1.2K tons)
- China (0.9K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Australia
In 2022, approx. 24K tons of polymers of propylene or of other olefins, in primary formses were exported from Australia; declining by -59.4% compared with 2021 figures. Over the period under review, exports saw a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 88%.
In value terms, exports of polymers of propylene or of other olefins, in primary formses reduced dramatically to $32M in 2022. Overall, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 138% against the previous year. As a result, the exports reached the peak of $82M, and then fell notably in the following year.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 31.3 | 15.1 | 38.7 | 18.9 | -15.5% |
| New Zealand | 7.0 | 5.0 | 7.5 | 4.9 | -11.2% |
| Vietnam | 12.2 | 4.1 | 7.1 | 3.6 | -33.4% |
| China | 15.0 | 4.2 | 3.2 | 1.5 | -53.6% |
| United States | 0.2 | 0.1 | 4.1 | 1.4 | 91.3% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| India | 2.1 | 0.4 | 3.3 | 0.1 | -63.8% |
| Malaysia | 4.1 | 1.7 | 1.8 | 0.1 | -71.0% |
| Thailand | 3.4 | 1.2 | 3.4 | 0.1 | -69.1% |
| Others | 4.8 | 2.5 | 12.4 | 1.1 | -38.8% |
| Total | 80.3 | 34.4 | 81.7 | 31.9 | -26.5% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Australia in 2022:
- Indonesia (13.6K tons)
- New Zealand (4.7K tons)
- Vietnam (2.9K tons)
- China (1.0K tons)
- Taiwan (Chinese) (0.5K tons)
- United States (0.5K tons)
- Malaysia (0.3K tons)
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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 market for polypropylene in primary forms in Australia.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Australia.
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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 global market for polyolefins other than polypropylene.
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