U.S.: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in the U.S.

The U.S. polypropylene in primary forms market fell to $X in 2022, with a decrease of -4.3% against the previous year. Overall, consumption continues to indicate a noticeable downturn. Polypropylene in primary forms consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Polypropylene in Primary Forms in the U.S.

In value terms, polypropylene in primary forms production dropped to $X in 2022. Over the period under review, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 5.1% against the previous year. Polypropylene in primary forms production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Polypropylene in Primary Forms

Exports from the U.S.

In 2022, approx. X tons of polypropylene in primary forms were exported from the United States; picking up by 2.6% compared with the previous year. Overall, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2019 with an increase of 16% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports shrank to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main destinations of polypropylene in primary forms exports from the United States, together comprising 79% of total exports. Belgium, Guatemala, India, Malaysia and Peru lagged somewhat behind, together accounting for a further 6.9%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +24.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) constituted the largest markets for polypropylene in primary forms exported from the United States worldwide, with a combined 83% share of total exports. Belgium, Guatemala, India, Malaysia and Peru lagged somewhat behind, together comprising a further 4.3%.

Among the main countries of destination, Malaysia, with a CAGR of +11.0%, saw 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, waning by -6.4% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polypropylene in primary forms export price increased by +66.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 77% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 China (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into the U.S.

In 2022, polypropylene in primary forms imports into the United States fell significantly to X tons, waning by -21% compared with the previous year's figure. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 111%. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, polypropylene in primary forms imports shrank markedly to $X in 2022. In general, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 172%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest polypropylene in primary forms supplier to the United States, with a 33% share of total imports. Moreover, polypropylene in primary forms imports from Canada exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Canada amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.4% per year) and Saudi Arabia (+47.9% per year).

In value terms, Canada ($X), South Korea ($X) and Germany ($X) appeared to be the largest polypropylene in primary forms suppliers to the United States, together accounting for 53% of total imports. Mexico, Saudi Arabia, Japan, Colombia, Belgium, Taiwan (Chinese), Israel and Spain lagged somewhat behind, together comprising a further 34%.

Taiwan (Chinese), with a CAGR of +58.9%, saw the highest rates of growth with regard to the value of imports, in terms of 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, dropping by -7.8% against the previous year. Overall, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2021 an increase of 29%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Israel ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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