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China - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights

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Jan 20, 2023

China's Propylene Glycol Export Soars to 17K Tons in September 2022

China Propylene Glycol Exports

In September 2022, exports of propylene glycol (propane-1,2-diol) from China expanded remarkably to 17K tons, increasing by 10% against the previous month's figure. The total export volume increased at an average monthly rate of +1.2% over the period from January 2022 to September 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in March 2022 when exports increased by 30% month-to-month. Over the period under review, the exports hit record highs in September 2022.

In value terms, propylene glycol exports amounted to $25M (IndexBox estimates) in September 2022. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in March 2022 when exports increased by 32% month-to-month. Over the period under review, the exports attained the peak figure at 41K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.

Exports by Country

Russia (2.6K tons), Turkey (1.5K tons) and Brazil (1.3K tons) were the main destinations of propylene glycol exports from China, together comprising 31% of total exports.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +62.8%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($3.9M) remains the key foreign market for propylene glycol exports from China, comprising 16% of total exports. The second position in the ranking was held by Turkey ($1.9M), with a 7.7% share of total exports. It was followed by Brazil, with a 6.6% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of value to Russia amounted to +2.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Turkey (-7.0% per month) and Brazil (+49.3% per month).

Export Prices by Country

In September 2022, the propylene glycol price amounted to $1,416 per ton (FOB, China), with a decrease of -4.9% against the previous month. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in July 2022 an increase of 2.6% m-o-m. Over the period under review, the average export prices hit record highs at $2,612 per ton in January 2022; however, from February 2022 to September 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In September 2022, the highest price was recorded for prices to the United States ($1,615 per ton) and Japan ($1,488 per ton), while the average price for exports to Belgium ($1,096 per ton) and Germany ($1,229 per ton) were amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-5.7%), while the prices for the other major destinations experienced a decline.

Factors Affecting Propylene Prices

China is the world's largest producer and consumer of glycols. Glycol prices in China have been on the rise in recent years, due to a number of factors.

Firstly, propylene glycol prices have been on the rise in recent years, due in part to increased demand from the country's burgeoning manufacturing and chemical industries. This has put pressure on suppliers and pushed up prices. Secondly, the Chinese government has been cracking down on environmental regulations, which has led to higher costs for producers.

Thirdly, the weakening of the Chinese currency has made imported glycols more expensive. Finally, the ongoing trade war between China and the United States has also played a role in pushing up prices, as tariffs have made imported glycols more expensive.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the propylene glycol market in China. 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 20142320 - Propylene glycol (propane-1,2-diol)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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