China: Market for Polypropylene in Primary Forms 2025

Market Size for Polypropylene in Primary Forms in China

The Chinese polypropylene in primary forms market dropped to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Polypropylene in Primary Forms in China

In value terms, polypropylene in primary forms production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Polypropylene in Primary Forms

Exports from China

In 2022, overseas shipments of polypropylene in primary forms decreased by -9.3% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 248% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, polypropylene in primary forms exports fell to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 260% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Vietnam (X tons), India (X tons) and Bangladesh (X tons) were the main destinations of polypropylene in primary forms exports from China, with a combined 26% share of total exports. The Philippines, Peru, Pakistan, Indonesia, Guatemala, Brazil, Turkey, Mexico, Ecuador and Thailand lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +85.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene in primary forms exported from China were Vietnam ($X), India ($X) and the Philippines ($X), together comprising 27% of total exports. Bangladesh, Indonesia, Pakistan, Peru, Mexico, Thailand, Turkey, Brazil, Guatemala and Ecuador lagged somewhat behind, together comprising a further 38%.

Peru, with a CAGR of +81.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, surging by 1.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Peru ($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 Mexico (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polypropylene in Primary Forms

Imports into China

In 2022, overseas purchases of polypropylene in primary forms decreased by -7.6% to X tons, falling for the second year in a row after four years of growth. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, polypropylene in primary forms imports contracted to $X in 2022. Over the period under review, imports saw a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 12%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main suppliers of polypropylene in primary forms imports to China, with a combined 48% share of total imports. Japan, Singapore, Russia, Thailand and India lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +36.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of polypropylene in primary forms to China, comprising 25% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Saudi Arabia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.4% per year) and Saudi Arabia (-10.7% per year).

Import Prices by Country

The average polypropylene in primary forms import price stood at $X per ton in 2022, with a decrease of -4.4% against the previous year. Over the period under review, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 South Korea ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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