Price for Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa - 2023

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa (FOB) - 2023
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa (CIF) - 2022
3. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa
4. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa (FOB) - 2023

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,005 per ton in December 2023, approximately mirroring the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 7.2% month-to-month. The export price peaked at $1,042 per ton in March 2023; afterwards, it flattened through to December 2023.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Zambia ($1,155 per ton), while the average price for exports to Mozambique ($612 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa (CIF) - 2022

In 2022, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,928 per ton, increasing by 3.6% against the previous year. In general, the import price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. The import price peaked at $2,377 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Japan ($2,878 per ton), while the price for the United Arab Emirates ($1,425 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa

In 2022, exports of polymers of propylene or of other olefins, in primary formses from South Africa skyrocketed to 341K tons, growing by 22% compared with 2021. Overall, exports, however, continue to indicate a perceptible slump.

In value terms, exports of polymers of propylene or of other olefins, in primary formses expanded significantly to $433M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from South Africa in 2022:

1. Nigeria (76.7K tons)
2. Zambia (32.9K tons)
3. Portugal (23.3K tons)
4. China (15.6K tons)
5. Netherlands (14.1K tons)
6. Spain (13.9K tons)
7. Malawi (13.4K tons)
8. United Kingdom (13.1K tons)
9. Zimbabwe (12.7K tons)
10. Taiwan (Chinese) (10.0K tons)
11. Italy (9.8K tons)
12. Mozambique (8.3K tons)
13. Ireland (6.9K tons)

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in South Africa

In 2022, approx. 82K tons of polymers of propylene or of other olefins, in primary formses were imported into South Africa; reducing by -12.9% on the previous year. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of 94K tons, and then dropped in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses reduced to $158M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. As a result, imports attained the peak of $175M, and then declined in the following year.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to South Africa in 2022:

1. Saudi Arabia (26.1K tons)
2. Thailand (11.3K tons)
3. Belgium (8.1K tons)
4. Germany (5.7K tons)
5. United Arab Emirates (4.8K tons)
6. Spain (4.6K tons)
7. South Korea (4.2K tons)
8. China (2.5K tons)
9. Netherlands (2.3K tons)
10. India (1.9K tons)
11. Japan (1.3K tons)
12. Italy (1.2K tons)
13. France (1.0K tons)

Source: IndexBox Market Intelligence Platform