Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Denmark - 2023

Contents:

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

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

In November 2023, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $4,250 per ton, which is down by -12.6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 24% month-to-month. Over the period under review, average import prices attained the peak figure at $5,082 per ton in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($6,224 per ton), while the price for Belgium ($2,532 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,438 per ton in 2022, waning by -2.3% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices hit record highs at $8,088 per ton in 2013; however, from 2014 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 Norway ($6,033 per ton), while the average price for exports to the Netherlands ($1,386 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 Sweden (+18.5%), while the prices for the other major destinations experienced a decline.

Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Denmark

In 2022, imports of propylene, other olefin polymers; polyisobutylene in primary formses into Denmark soared to 1.2K tons, jumping by 42% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses soared to $4.7M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan1,1971,2931,2791,68312.0%
Germany1,2871,0553781,059-6.3%
Belgium7799668798593.3%
Sweden13721527333735.0%
ItalyN/AN/AN/A2020%
FranceN/AN/A1.518612300.0%
South Korea25.170.629.169.840.6%
IndiaN/A22.149.162.267.8%
Netherlands83.037.564.853.5-13.6%
United States1.5229N/AN/A15166.7%
Others99.214.593.221629.6%
Total3,6093,9033,0464,7279.4%

Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to Denmark in 2022:

  1. Japan (379.9 tons)
  2. Germany (301.8 tons)
  3. Belgium (215.4 tons)
  4. Sweden (90.2 tons)
  5. Italy (88.0 tons)
  6. France (37.2 tons)
  7. South Korea (28.8 tons)
  8. India (27.1 tons)
  9. Netherlands (14.6 tons)

Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Denmark

Exports of propylene, other olefin polymers; polyisobutylene in primary formses from Denmark skyrocketed to 30 tons in 2022, rising by 130% compared with the previous year. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 927% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses soared to $73K in 2022. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 327%.

Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/A15.926.868.6%
SpainN/A0.10.226.41524.8%
Hungary92.50.9N/A7.9-56.0%
Norway8.1N/A0.16.2-8.5%
Poland12.96.115.95.5-24.7%
Others1.50.50.30.1-59.5%
Total1157.632.472.8-14.1%

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

  1. Netherlands (19.4 tons)
  2. Spain (6.0 tons)
  3. Hungary (2.5 tons)
  4. Poland (1.0 tons)
  5. Norway (1.0 tons)

Source: IndexBox Market Intelligence Platform

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