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

Contents:

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

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

In November 2023, the average import price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $3,157 per ton, increasing by 22% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 34% m-o-m. As a result, import price attained the peak level of $3,595 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,980 per ton), while the price for France ($2,098 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 (+2.3%), 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 Spain (FOB) - 2022

The average export price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $2,435 per ton in 2022, surging by 26% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for propylene, other olefin polymers; polyisobutylene in primary formses decreased by -29.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39%. As a result, the export price reached the peak level of $3,464 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($4,603 per ton), while the average price for exports to Faroe Islands ($1,563 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 Morocco (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 7.7K tons of propylene, other olefin polymers; polyisobutylene in primary formses were imported into Spain; increasing by 8.2% against the previous year. Overall, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% 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 +54.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses skyrocketed to $21M in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.31.12.24.8152.0%
Germany2.63.33.74.620.9%
France3.12.12.84.08.9%
South Korea3.11.43.33.76.1%
Portugal0.10.10.62.1175.9%
Belgium1.00.30.40.4-26.3%
Argentina0.40.20.50.40.0%
Others1.71.41.31.3-8.6%
Total12.510.014.821.319.4%

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

  1. South Korea (1720.6 tons)
  2. France (1694.7 tons)
  3. Germany (1380.3 tons)
  4. Netherlands (1249.7 tons)
  5. Portugal (935.9 tons)
  6. Argentina (201.9 tons)
  7. Belgium (177.3 tons)

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

In 2022, overseas shipments of propylene, other olefin polymers; polyisobutylene in primary formses decreased by -8.3% to 1K tons, falling for the second year in a row after two years of growth. In general, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2020 when exports increased by 15%. As a result, the exports reached the peak of 1.2K 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; polyisobutylene in primary formses surged to $2.4M in 2022. Over the period under review, exports faced a abrupt downturn.

Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland7521,1881,2911,41723.5%
Morocco39.972.293.320672.8%
Belgium25.29.612315181.6%
Portugal236142224131-17.8%
Turkey18.710.73.890.269.0%
IndiaN/AN/AN/A68.80%
Germany72.292.472.567.3-2.3%
Faroe IslandsN/AN/AN/A39.90%
Algeria2,4121,416N/AN/A-41.3%
Others15098.530427722.7%
Total3,7053,0302,1122,448-12.9%

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

  1. Poland (679.3 tons)
  2. Belgium (60.0 tons)
  3. Turkey (57.3 tons)
  4. Portugal (49.5 tons)
  5. Morocco (44.8 tons)
  6. Faroe Islands (25.5 tons)
  7. India (24.6 tons)
  8. Germany (24.3 tons)

Source: IndexBox Market Intelligence Platform

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