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

Contents:

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

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

In November 2023, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,728 per ton, almost unchanged from the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 9.9% m-o-m. As a result, import price attained the peak level of $1,955 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,645 per ton), while the price for Spain ($1,276 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In November 2023, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $2,276 per ton, rising by 2.1% against the previous month. In general, export price indicated modest growth from December 2022 to November 2023: its price increased at an average monthly rate of +1.3% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for propylene, other olefin polymers; propylene copolymers in primary formses increased by +26.3% against August 2023 indices. The growth pace was the most rapid in September 2023 when the average export price increased by 63% month-to-month. The export price peaked at $3,269 per ton in July 2023; however, from August 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($2,422 per ton), while the average price for exports to Belgium ($746 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, supplies from abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -2.2% to 62K tons in 2022. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 63K tons, and then declined slightly in the following year.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses rose rapidly to $133M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Germany (16.5K tons)
2. Belgium (11.1K tons)
3. Netherlands (10.8K tons)
4. Italy (10.1K tons)
5. Austria (6.3K tons)
6. Singapore (1.9K tons)
7. France (1.9K tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of propylene, other olefin polymers; propylene copolymers in primary formses, when their volume decreased by -19.7% to 5.2K tons. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses shrank significantly to $9.5M in 2022. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, the exports attained the peak of $12M, and then shrank notably in the following year.

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

1. Italy (4.5K tons)
2. Germany (0.3K tons)
3. China (0.1K tons)
4. Austria (0.1K tons)

Source: IndexBox Market Intelligence Platform