U.S. - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in the United States - 2023
Contents:
- Propene Price in the United States (FOB) - 2023
- Propene Price in the United States (CIF) - 2023
- Propene Exports in the United States
- Propene Imports in the United States
Propene Price in the United States (FOB) - 2023
In August 2023, the average propene export price amounted to $790 per ton, surging by 4.1% against the previous month. In general, the export price, however, saw a mild shrinkage. The growth pace was the most rapid in May 2023 when the average export price increased by 53% month-to-month. As a result, the export price attained the peak level of $1,375 per ton. From June 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Mexico ($1,050 per ton), while the average price for exports to Colombia stood at $690 per ton.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.5%).
Propene Price in the United States (CIF) - 2023
In August 2023, the average propene import price amounted to $678 per ton, shrinking by -4.4% against the previous month. In general, the import price showed a slight setback. The pace of growth was the most pronounced in February 2023 an increase of 33% m-o-m. The import price peaked at $1,151 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From September 2022 to August 2023, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per month.
Propene Exports in the United States
In 2022, overseas shipments of propene (propylene) increased by 14% to 550K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt decrease.
In value terms, propene exports dropped to $622M in 2022. Overall, exports, however, showed a slight decline. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $704M, and then declined in the following year.
| Export of Propene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 243 | 229 | 366 | 275 | 4.2% |
| Mexico | 272 | 235 | 305 | 233 | -5.0% |
| Belgium | 70.5 | 17.4 | 9.7 | 48.7 | -11.6% |
| Taiwan (Chinese) | 0.9 | 19.7 | 1.2 | 24.6 | 201.2% |
| Netherlands | 10.8 | 11.7 | 7.7 | 17.4 | 17.2% |
| Others | 53.1 | 52.0 | 14.7 | 23.0 | -24.3% |
| Total | 650 | 565 | 704 | 622 | -1.5% |
Top Export Markets for Propene from the United States in 2022:
- Colombia (261.4K tons)
- Mexico (204.0K tons)
- Belgium (41.5K tons)
- Netherlands (15.6K tons)
- Taiwan (Chinese) (14.2K tons)
Propene Imports in the United States
Propene imports into the United States contracted notably to 60K tons in 2022, reducing by -23.9% on 2021. Overall, imports faced a significant decrease. The smallest decline of -21.7% was in 2020.
In value terms, propene imports reduced remarkably to $55M in 2022. In general, imports continue to indicate a sharp setback. The smallest decline of -13.3% was in 2021.
| Import of Propene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 191 | 134 | 116 | 41.1 | -40.1% |
| Brazil | N/A | N/A | N/A | 4.8 | 0% |
| South Korea | N/A | N/A | N/A | 3.7 | 0% |
| Netherlands | N/A | N/A | N/A | 2.7 | 0% |
| Spain | N/A | N/A | N/A | 1.0 | 0% |
| Belgium | N/A | N/A | N/A | 0.8 | 0% |
| Others | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| Total | 191 | 134 | 116 | 55.4 | -33.8% |
Top Suppliers of Propene to the United States in 2022:
- Canada (41.8K tons)
- Brazil (5.1K tons)
- Netherlands (4.6K tons)
- South Korea (4.6K tons)
- Spain (1.7K tons)
- Belgium (1.3K tons)
This report provides an in-depth analysis of the propene market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141140 - Propene (propylene)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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