Luxembourg: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Luxembourg

The Luxembourg polypropylene in primary forms market dropped sharply to $X in 2022, declining by -32.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Exports of Polypropylene in Primary Forms

Exports from Luxembourg

In 2022, polypropylene in primary forms exports from Luxembourg shrank significantly to X tons, falling by -33.4% on 2021 figures. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 3,691% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports contracted markedly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 3,115%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Egypt (X tons), the Netherlands (X tons) and Turkey (X tons) were the main destinations of polypropylene in primary forms exports from Luxembourg, with a combined 42% share of total exports. Belgium, Hungary, Spain, Poland, the UK, Italy, Germany, Nigeria, France and Russia lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +90.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and the Netherlands ($X) constituted the largest markets for polypropylene in primary forms exported from Luxembourg worldwide, with a combined 47% share of total exports. Belgium, Italy, Poland, Germany, Spain, Hungary, the UK, Nigeria, France and Russia lagged somewhat behind, together accounting for a further 43%.

Spain, with a CAGR of +78.9%, saw 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, approximately mirroring the previous year. Over the period under review, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Poland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Luxembourg

In 2022, approx. X tons of polypropylene in primary forms were imported into Luxembourg; falling by -32.6% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, polypropylene in primary forms imports fell remarkably to $X in 2022. In general, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and the Czech Republic (X tons) were the main suppliers of polypropylene in primary forms imports to Luxembourg, together comprising 54% of total imports. Germany, Austria, Georgia, Italy, Spain and the UK lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and the Czech Republic ($X) were the largest polypropylene in primary forms suppliers to Luxembourg, together accounting for 52% of total imports. Germany, Spain, Austria, Georgia, Italy and the UK lagged somewhat behind, together comprising a further 41%.

Spain, with a CAGR of +56.8%, recorded the highest rates of growth with regard to 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, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average import price increased by 44% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Spain ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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