Austria: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Austria

The Austrian polypropylene in primary forms market was estimated at $X in 2022, growing by 7.7% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Polypropylene in Primary Forms in Austria

In value terms, polypropylene in primary forms production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 17% against the previous year. Polypropylene in primary forms production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Polypropylene in Primary Forms

Exports from Austria

In 2022, shipments abroad of polypropylene in primary forms decreased by -32.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 35%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined markedly in the following year.

In value terms, polypropylene in primary forms exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate slight growth. The pace of growth appeared the most rapid in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of polypropylene in primary forms exports from Austria, together comprising 54% of total exports. Poland, France, Turkey, the Czech Republic, the Netherlands, Hungary, the United States, China, the UK and Finland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +12.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene in primary forms exported from Austria were Germany ($X), Italy ($X) and Poland ($X), with a combined 52% share of total exports. Belgium, France, Turkey, the Czech Republic, the Netherlands, China, Hungary, the UK, the United States and Finland lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, the UK, with a CAGR of +15.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polypropylene in primary forms export price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 51%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($X 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 the Czech Republic (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Austria

In 2022, after four years of growth, there was significant decline in supplies from abroad of polypropylene in primary forms, when their volume decreased by -22.1% to X tons. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, polypropylene in primary forms imports declined markedly to $X in 2022. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 93%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and Slovakia (X tons) were the main suppliers of polypropylene in primary forms imports to Austria, with a combined 64% share of total imports. Italy, the Czech Republic, the Netherlands, Hungary, France, Slovenia and the UK lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Slovakia ($X) were the largest polypropylene in primary forms suppliers to Austria, together comprising 63% of total imports. Italy, the Czech Republic, the Netherlands, Hungary, France, Slovenia and the UK lagged somewhat behind, together accounting for a further 25%.

Italy, with a CAGR of +15.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, reducing by -1.5% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polypropylene in primary forms import price increased by +53.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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 France ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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