Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico (FOB) - 2023
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico (CIF) - 2023
In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $475 per ton, waning by -57.7% against the previous month. Overall, the import price faced a abrupt downturn. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 3.7% month-to-month. Over the period under review, average import prices reached the maximum at $2,237 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 Belgium ($2,192 per ton), while the price for the United States ($403 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 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 Mexico (FOB) - 2023
The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $2,105 per ton in October 2023, surging by 31% against the previous month. Overall, the export price, however, recorded a perceptible decline. The export price peaked at $3,176 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was China ($2,919 per ton), while the average price for exports to the United States stood at $2,085 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico
In 2022, overseas purchases of propylene, other olefin polymers; propylene copolymers in primary formses increased by 0.6% to 359K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep contraction.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses reached $900M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +72.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 557 | 422 | 682 | 682 | 7.0% |
| South Korea | 29.0 | 32.5 | 53.1 | 73.4 | 36.3% |
| Belgium | 25.1 | 17.0 | 27.7 | 38.5 | 15.3% |
| Colombia | 18.9 | 11.8 | 36.3 | 28.2 | 14.3% |
| Germany | 8.6 | 7.1 | 13.2 | 16.5 | 24.3% |
| Others | 31.0 | 31.7 | 75.7 | 60.9 | 25.2% |
| Total | 670 | 522 | 888 | 900 | 10.3% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Mexico in 2022:
- United States (265.4K tons)
- South Korea (34.7K tons)
- Belgium (14.5K tons)
- Colombia (14.0K tons)
- Germany (6.1K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico
In 2022, overseas shipments of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -51.2% to 5.5K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 32%. As a result, the exports reached the peak of 14K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses shrank remarkably to $15M in 2022. In general, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, the exports reached the peak of $26M, and then fell sharply in the following year.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.2 | 9.2 | 24.2 | 14.0 | 7.7% |
| Colombia | N/A | 0.8 | 0.2 | 0.3 | -38.8% |
| China | 0.4 | 3.5 | 0.2 | 0.1 | -37.0% |
| Guatemala | 2.2 | 2.6 | N/A | N/A | 18.2% |
| El Salvador | 1.1 | N/A | N/A | N/A | 0% |
| Brazil | N/A | 1.5 | 1.6 | N/A | 6.7% |
| Others | 0.8 | 0.3 | N/A | 0.2 | -37.0% |
| Total | 15.9 | 17.9 | 26.2 | 14.6 | -2.8% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Mexico in 2022:
- United States (5.2K tons)
- Colombia (0.2K tons)
72
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Mexico.
524
This report provides an in-depth analysis of the market for polypropylene in primary forms in Mexico.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
935
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
72
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Mexico.
524
This report provides an in-depth analysis of the market for polypropylene in primary forms in Mexico.
43
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
935
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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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 ...
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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 ...
