India - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in India - 2023
Contents:
- Propene Price in India (CIF) - 2022
- Propene Price in India (FOB) - 2022
- Propene Imports in India
- Propene Exports in India
Propene Price in India (CIF) - 2022
The average propene import price stood at $1,147 per ton in 2022, with a decrease of -3.2% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 117% against the previous year. Over the period under review, average import prices attained the peak figure at $7,672 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($5,670 per ton), while the price for Saudi Arabia ($960 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Propene Price in India (FOB) - 2022
The average propene export price stood at $844 per ton in 2022, rising by 7.2% against the previous year. Overall, the export price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $1,170 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +21.8% per year.
Propene Imports in India
Propene imports into India fell significantly to 18K tons in 2022, shrinking by -23.3% against the year before. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,513%. As a result, imports attained the peak of 23K tons, and then fell markedly in the following year.
In value terms, propene imports fell rapidly to $21M in 2022. Overall, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 320% against the previous year. As a result, imports attained the peak of $28M, and then declined rapidly in the following year.
| Import of Propene in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | 12.2 | 11.4 | -6.6% |
| Saudi Arabia | N/A | N/A | N/A | 6.0 | 0% |
| South Korea | N/A | N/A | N/A | 2.7 | 0% |
| China | 4.7 | 6.5 | 15.3 | 0.4 | -56.0% |
| Malaysia | 9.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Total | 13.9 | 6.6 | 27.8 | 20.6 | 14.0% |
Top Suppliers of Propene to India in 2022:
- Thailand (9.3K tons)
- Saudi Arabia (6.3K tons)
- South Korea (2.3K tons)
- China (0.1K tons)
Propene Exports in India
In 2022, approx. 2 tons of propene (propylene) were exported from India; which is down by 99.9% on 2021. In general, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, the exports reached the peak of 47K tons, and then dropped notably in the following year.
In value terms, propene exports fell remarkably to $1.7K in 2022. Overall, exports saw a sharp reduction. The pace of growth was the most pronounced in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of $37M, and then contracted significantly in the following year.
| Export of Propene in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | N/A | 0% |
| China | 4.5 | N/A | N/A | N/A | 0% |
| Indonesia | 1.9 | 7.2 | N/A | N/A | 278.9% |
| Philippines | 22.4 | 11.0 | 16.8 | N/A | -13.4% |
| Egypt | N/A | 3.1 | N/A | N/A | 0% |
| Taiwan (Chinese) | 2.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 20.3 | N/A | 0% |
| Total | 30.9 | 21.2 | 37.1 | N/A | 9.6% |
Top Export Markets for Propene from India in 2022:
- Japan (2.0 tons)
This report provides an in-depth analysis of the propene market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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