Czech Republic: Propylene Glycol Market 2024

Propylene Glycol Market Size in the Czech Republic

The Czech propylene glycol market shrank to $X in 2022, which is down by -8.1% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Propylene Glycol Production in the Czech Republic

In value terms, propylene glycol production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 71%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Propylene Glycol Exports

Exports from the Czech Republic

In 2022, approx. X tons of propylene glycol (propane-1,2-diol) were exported from the Czech Republic; with a decrease of -61.7% against the previous year. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 403%. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, propylene glycol exports contracted dramatically to $X in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 672%. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Slovakia (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of propylene glycol exports from the Czech Republic, together accounting for 73% of total exports. Italy, Poland, the Netherlands and Uzbekistan lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +213.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Belgium ($X) constituted the largest markets for propylene glycol exported from the Czech Republic worldwide, together accounting for 70% of total exports. Italy, Poland, the Netherlands and Uzbekistan lagged somewhat behind, together comprising a further 27%.

Poland, with a CAGR of +206.7%, recorded the highest growth rate of the value of exports, among 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 propylene glycol export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 67%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Slovakia ($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 Uzbekistan (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Propylene Glycol Imports

Imports into the Czech Republic

Propylene glycol imports into the Czech Republic fell notably to X tons in 2022, which is down by -39.1% compared with the previous year's figure. In general, imports, however, posted a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 68%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, propylene glycol imports dropped markedly to $X in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 150% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of propylene glycol to the Czech Republic, with a 54% share of total imports. Moreover, propylene glycol imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+121.6% per year) and Austria (+188.6% per year).

In value terms, Germany ($X) constituted the largest supplier of propylene glycol (propane-1,2-diol) to the Czech Republic, comprising 54% of total imports. The second position in the ranking was taken by Poland ($X), with a 20% share of total imports. It was followed by Belgium, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+115.4% per year) and Belgium (+22.4% per year).

Import Prices by Country

In 2022, the average propylene glycol import price amounted to $X per ton, surging by 25% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene glycol import price increased by +94.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 56% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Belgium ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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