Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco (CIF) - 2023
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco (CIF) - 2023
The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,654 per ton in June 2023, shrinking by -10.5% against the previous month. In general, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in November 2022 an increase of 14% m-o-m. The import price peaked at $2,261 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Austria ($2,372 per ton), while the price for Saudi Arabia ($1,246 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Austria (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco (FOB) - 2022
In 2022, the average export price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $2,337 per ton, increasing by 31% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% 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; propylene copolymers in primary formses increased by +81.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($7,761 per ton), while the average price for exports to Portugal ($1,364 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 Italy (+39.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco
In 2022, supplies from abroad of propylene, other olefin polymers; propylene copolymers in primary formses was finally on the rise to reach 56K tons after two years of decline. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses skyrocketed to $108M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +79.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 23.6 | 18.9 | 22.7 | 35.4 | 14.5% |
| Spain | 19.4 | 20.7 | 16.0 | 24.0 | 7.4% |
| Belgium | 3.3 | 2.7 | 8.3 | 12.1 | 54.2% |
| France | 5.1 | 5.4 | 9.6 | 11.9 | 32.6% |
| Netherlands | 4.5 | 3.6 | 7.2 | 7.0 | 15.9% |
| United Arab Emirates | 2.4 | 3.0 | 3.2 | 5.1 | 28.6% |
| Austria | 3.1 | 0.6 | 3.6 | 4.2 | 10.7% |
| United States | 4.5 | 2.0 | 0.1 | 0.3 | -59.5% |
| Others | 3.7 | 3.7 | 6.8 | 8.4 | 31.4% |
| Total | 69.7 | 60.6 | 77.6 | 108 | 15.7% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Morocco in 2022:
- Saudi Arabia (23.2K tons)
- Spain (10.1K tons)
- France (5.8K tons)
- Belgium (5.0K tons)
- Netherlands (3.4K tons)
- United Arab Emirates (3.3K tons)
- Austria (1.7K tons)
- United States (0.1K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco
In 2022, the amount of propylene, other olefin polymers; propylene copolymers in primary formses exported from Morocco declined significantly to 120 tons, dropping by -46.1% on the previous year. In general, exports showed a sharp downturn. The smallest decline of -23.1% was in 2021.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses reduced notably to $280K in 2022. Overall, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 6.7% against the previous year.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | N/A | 77.6 | 0% |
| Italy | N/A | N/A | N/A | 10.2 | 0% |
| Portugal | 0.1 | 0.1 | 0.7 | 4.6 | 258.3% |
| Spain | N/A | N/A | N/A | 4.6 | 0% |
| China | 159 | 62.5 | 0.5 | 1.0 | -81.5% |
| Belgium | N/A | 14.7 | N/A | N/A | 0% |
| Germany | 14.1 | N/A | N/A | N/A | 0% |
| Others | 725 | 296 | 397 | 182 | -36.9% |
| Total | 898 | 373 | 398 | 280 | -32.2% |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Morocco in 2022:
- Romania (10.0 tons)
- Portugal (3.4 tons)
- Spain (2.2 tons)
- Italy (1.5 tons)
- China (0.6 tons)
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Morocco.
282
This report provides an in-depth analysis of the market for polypropylene in primary forms in Morocco.
44
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
936
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
74
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Morocco.
282
This report provides an in-depth analysis of the market for polypropylene in primary forms in Morocco.
44
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
936
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
116
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
268
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
672
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
116
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
268
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
672
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
