EU: Propene Market 2024

Propene Market Size in the EU

In 2021, after two years of decline, there was growth in the EU propene market, when its value increased by 1.8% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Propene Production in the EU

In value terms, propene production amounted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Propene Exports

Exports in the EU

For the eighth consecutive year, the European Union recorded growth in shipments abroad of propene (propylene), which increased by 16% to X tons in 2021. The total export volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, propene exports surged to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons), distantly followed by Germany (X tons), Spain (X tons), Italy (X tons), Belgium (X tons) and Portugal (X tons) were the main exporters of propene (propylene), together mixing up 78% of total exports. France (X tons), Hungary (X tons), Sweden (X tons), Latvia (X tons), Romania (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to propene exports from the Netherlands stood at +3.5%. At the same time, Latvia (+105.3%), Poland (+42.0%), Romania (+34.4%), Sweden (+14.6%), Portugal (+8.4%), Germany (+7.4%) and Hungary (+6.1%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +105.3% from 2012-2021. Italy, Belgium and Spain experienced a relatively flat trend pattern. By contrast, France (-2.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Latvia, Romania, Portugal, Poland and Sweden increased by +3.4, +2.7, +2.4, +2, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest propene supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Spain ($X), with a combined 53% share of total exports. Italy, Belgium, Portugal, France, Hungary, Latvia, Sweden, Romania and Poland lagged somewhat behind, together accounting for a further 43%.

In terms of the main exporting countries, Latvia, with a CAGR of +144.6%, recorded the highest rates of growth with regard to 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

In 2021, the export price in the European Union amounted to $X per ton, rising by 51% against the previous year. Over the period under review, the export price, however, showed a mild setback. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Latvia ($X per ton) and Portugal ($X per ton), while Poland ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+19.1%), while the other leaders experienced mixed trends in the export price figures.

Propene Imports

Imports in the EU

In 2021, the amount of propene (propylene) imported in the European Union soared to X tons, rising by 15% on 2020 figures. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, propene imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of propene (propylene), namely Germany, the Netherlands and Belgium, represented more than half of total import. France (X tons) took the next position in the ranking, followed by Poland (X tons). All these countries together took near 19% share of total imports. The following importers - Slovakia (X tons) and Spain (X tons) - each recorded a 6.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by France (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propene importing markets in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 65% of total imports. France, Poland, Spain and Slovakia lagged somewhat behind, together accounting for a further 26%.

France, with a CAGR of +11.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, rising by 48% against the previous year. Overall, the import price, however, showed a slight descent. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Spain ($X per ton) and Belgium ($X per ton), while Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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