EU: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in the EU

In 2022, the EU polypropylene in primary forms market increased by 0.9% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Polypropylene in Primary Forms in the EU

In value terms, polypropylene in primary forms production declined to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 40%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Polypropylene in Primary Forms

Exports in the EU

After three years of growth, shipments abroad of polypropylene in primary forms decreased by -20.1% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, polypropylene in primary forms exports declined markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 52%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Belgium (X tons), Spain (X tons), Italy (X tons), the Netherlands (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the key exporters of polypropylene in primary forms, together achieving 76% of total exports. Greece (X tons), Poland (X tons), Austria (X tons), Hungary (X tons) and Finland (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of polypropylene in primary forms. At the same time, Finland (+17.6%), the Czech Republic (+7.0%), Hungary (+6.6%), Slovakia (+4.4%), Poland (+3.1%), Greece (+2.5%) and Italy (+2.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +17.6% from 2012-2022. Austria, Spain and the Netherlands experienced a relatively flat trend pattern. By contrast, France (-1.4%) and Belgium (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Finland, Italy and Slovakia increased by +3.1, +2.2, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) emerged as the largest polypropylene in primary forms supplier in the European Union, comprising 22% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: France (+0.0% per year) and Belgium (-8.1% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 when the export price increased by 47%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Finland ($X per ton) and Italy ($X per ton), while Greece ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the other leaders experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports in the EU

In 2022, purchases abroad of polypropylene in primary forms decreased by -14.4% to X tons for the first time since 2014, thus ending a seven-year rising trend. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, polypropylene in primary forms imports reduced to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

The countries with the highest levels of polypropylene in primary forms imports in 2022 were Italy (X tons), Germany (X tons) and Poland (X tons), together accounting for 45% of total import. Belgium (X tons) ranks next in terms of the total imports with a 7% share, followed by France (6.4%), Portugal (5.3%), the Czech Republic (5.3%), Spain (5.2%) and the Netherlands (5.2%). Austria (X tons), Denmark (X tons), Bulgaria (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 45% of total imports. France, Belgium, the Czech Republic, Spain, the Netherlands, Portugal, Austria, Denmark, Hungary and Bulgaria lagged somewhat behind, together accounting for a further 44%.

Among the main importing countries, Bulgaria, with a CAGR of +12.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the import price increased by 48% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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