Germany: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Germany

The German polypropylene in primary forms market shrank to $X in 2022, waning by -1.6% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Production of Polypropylene in Primary Forms in Germany

In value terms, polypropylene in primary forms production declined sharply to $X in 2022 estimated in export price. Overall, production recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Polypropylene in primary forms production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports from Germany

In 2022, exports of polypropylene in primary forms from Germany reduced slightly to X tons, with a decrease of -3.5% against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 14% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports dropped modestly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Poland (X tons) and Belgium (X tons) were the main destinations of polypropylene in primary forms exports from Germany, with a combined 42% share of total exports. France, the Czech Republic, the Netherlands, the UK, Austria, Denmark, Spain, Switzerland, Sweden and Hungary lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +4.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene in primary forms exported from Germany were Italy ($X), Poland ($X) and Belgium ($X), with a combined 40% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +4.1%, 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, remaining stable 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 appeared the most rapid in 2021 when the average export price increased by 50%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Germany

In 2022, the amount of polypropylene in primary forms imported into Germany dropped to X tons, shrinking by -9.1% on the year before. The total import volume increased at an average annual rate of +2.1% 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 2015 when imports increased by 11%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, polypropylene in primary forms imports fell to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +50.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Belgium (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of polypropylene in primary forms imports to Germany, with a combined 44% share of total imports. France, Italy, the Czech Republic, Poland, Spain, Saudi Arabia, Russia, Finland, Slovakia and the UK lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +101.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Austria ($X) and the Netherlands ($X) appeared to be the largest polypropylene in primary forms suppliers to Germany, with a combined 44% share of total imports. Italy, France, the Czech Republic, Poland, Spain, Saudi Arabia, Russia, Finland, Slovakia and the UK lagged somewhat behind, together comprising a further 46%.

Russia, with a CAGR of +102.4%, saw the highest growth rate of the value of imports, among 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, growing by 3.3% against the previous year. Over the period under review, the import price saw mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Saudi Arabia ($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 UK (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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