Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq - 2022

Contents:

1. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq (CIF) - 2022
2. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq (FOB) - 2022
3. Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq
4. Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq (CIF) - 2022

In 2022, the average import price for liquefied ethylene, propylene, butylene and butadienes amounted to $2,240 per ton, rising by 4.4% against the previous year. Overall, the import price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 59% against the previous year. Over the period under review, average import prices hit record highs at $3,139 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($4,457 per ton), while the price for China totaled $1,643 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq (FOB) - 2022

The average export price for liquefied ethylene, propylene, butylene and butadienes stood at $554 per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by less than 0.1%. As a result, the export price attained the peak level of $555 per ton, leveling off in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2019 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq

In 2022, supplies from abroad of liquefied ethylene, propylene, butylene and butadienes decreased by -3.9% to 18 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 19% against the previous year. As a result, imports attained the peak of 21 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of liquefied ethylene, propylene, butylene and butadienes totaled $41K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 89%. As a result, imports attained the peak of $54K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Liquefied Ethylene, Propylene, Butylene and Butadiene to Iraq in 2022:

1. China (15.6 tons)
2. United Arab Emirates (1.0 tons)

Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Iraq

Exports of liquefied ethylene, propylene, butylene and butadienes from Iraq shrank rapidly to 736 kg in 2022, dropping by -50% on 2021 figures. Over the period under review, exports recorded a sharp curtailment. The smallest decline of -25% was in 2020.

In value terms, exports of liquefied ethylene, propylene, butylene and butadienes contracted dramatically to $408 in 2022. In general, exports saw a precipitous slump. The smallest decline of -25% was in 2020.

Top Export Markets for Liquefied Ethylene, Propylene, Butylene and Butadiene from Iraq in 2022:

1. United Arab Emirates (1.5 tons)

Source: IndexBox Market Intelligence Platform