Netherlands: Propene Market 2024

Propene Market Size in the Netherlands

In 2021, the Dutch propene market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Propene Production in the Netherlands

In value terms, propene production surged to $X in 2021 estimated in export price. Over the period under review, production posted a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Propene Exports

Exports from the Netherlands

In 2021, propene exports from the Netherlands rose rapidly to X tons, with an increase of 6.7% against the previous year. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, propene exports skyrocketed to $X in 2021. In general, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 58% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Belgium (X tons) and Latvia (X tons) were the main destinations of propene exports from the Netherlands, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +363.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propene exported from the Netherlands were Germany ($X), Belgium ($X) and Latvia ($X), together comprising 99% of total exports.

Latvia, with a CAGR of +333.0%, 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 propene export price stood at $X per ton in 2021, jumping by 45% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Belgium ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-2.0%), while the prices for the other major destinations experienced a decline.

Propene Imports

Imports into the Netherlands

Propene imports into the Netherlands soared to X tons in 2021, increasing by 49% compared with 2020 figures. The total import volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, propene imports skyrocketed to $X in 2021. Over the period under review, imports posted a measured increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and the UK (X tons) were the main suppliers of propene imports to the Netherlands, together accounting for 50% of total imports. These countries were followed by Belgium, France, Finland, Saudi Arabia and Italy, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +171.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propene suppliers to the Netherlands were Germany ($X), Spain ($X) and the UK ($X), with a combined 50% share of total imports. Belgium, France, Finland, Saudi Arabia and Italy lagged somewhat behind, together comprising a further 35%.

Finland, with a CAGR of +174.1%, 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

The average propene import price stood at $X per ton in 2021, rising by 55% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Saudi Arabia ($X per ton) and Germany ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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