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

Contents:

1. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Spain (FOB) - 2022
2. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Spain (CIF) - 2023
3. Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Spain
4. Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Spain

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Spain (FOB) - 2022

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,598 per ton in 2022, which is down by -21% against the previous year. Overall, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2021 an increase of 48%. As a result, the export price reached the peak level of $2,023 per ton, and then reduced notably in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Morocco ($1,873 per ton) and Portugal ($1,719 per ton), while the average price for exports to Turkey ($1,318 per ton) and Greece ($1,460 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+0.1%), while the prices for the other major destinations experienced a decline.

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

In October 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,617 per ton, declining by -2.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 127% m-o-m. Over the period under review, average import prices attained the maximum at $1,792 per ton in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($1,889 per ton), while the price for Saudi Arabia ($1,104 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of propylene, other olefin polymers; propylene copolymers in primary formses exported from Spain surged to 336K tons, with an increase of 27% against the previous year's figure. The total export volume increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses amounted to $537M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Turkey (71.9K tons)
2. Italy (52.5K tons)
3. France (50.0K tons)
4. Germany (46.0K tons)
5. Portugal (29.6K tons)
6. Morocco (15.8K tons)
7. United Kingdom (5.6K tons)
8. Netherlands (5.1K tons)
9. Greece (5.1K tons)
10. South Africa (4.3K tons)

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

In 2022, imports of propylene, other olefin polymers; propylene copolymers in primary formses into Spain expanded markedly to 266K tons, picking up by 6% on the previous year. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses fell slightly to $464M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.5% 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. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports reached the peak of $470M, and then dropped slightly in the following year.

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

1. Belgium (53.8K tons)
2. France (49.8K tons)
3. Netherlands (41.2K tons)
4. Germany (37.1K tons)
5. South Korea (21.6K tons)
6. Austria (17.4K tons)
7. Italy (14.0K tons)

Source: IndexBox Market Intelligence Platform