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Report World - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights

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Global Propene Market 2024

Propene Market Size

In 2021, the global propene market decreased by -0.3% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Propene Production

In value terms, propene production reached $X in 2021 estimated in export price. Overall, production recorded a slight descent. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Propene Exports

Exports

In 2021, approx. X tons of propene (propylene) were exported worldwide; surging by 10% on the year before. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The global exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, propene exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, South Korea (X tons), distantly followed by the Netherlands (X tons), Taiwan (Chinese) (X tons), Japan (X tons), the United States (X tons) and Germany (X tons) were the key exporters of propene (propylene), together comprising 57% of total exports. The United Arab Emirates (X tons), Spain (X tons), Italy (X tons), Thailand (X tons), Belgium (X tons), Saudi Arabia (X tons) and Portugal (X tons) followed a long way behind the leaders.

Exports from South Korea increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, the United Arab Emirates (+33.3%), the United States (+14.3%), Portugal (+8.4%), Germany (+7.4%), Thailand (+6.7%), the Netherlands (+3.5%) and Taiwan (Chinese) (+2.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.3% from 2012-2021. Italy, Belgium and Spain experienced a relatively flat trend pattern. By contrast, Japan (-4.1%) and Saudi Arabia (-12.0%) illustrated a downward trend over the same period. While the share of South Korea (+3.9 p.p.), the United Arab Emirates (+3.8 p.p.), the United States (+3.7 p.p.), Germany (+2 p.p.) and the Netherlands (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Japan (-4.6 p.p.) and Saudi Arabia (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest propene supplying countries worldwide were South Korea ($X), the Netherlands ($X) and the United States ($X), with a combined 37% share of global exports. These countries were followed by Taiwan (Chinese), Japan, Germany, the United Arab Emirates, Spain, Italy, Belgium, Thailand, Saudi Arabia and Portugal, which together accounted for a further 41%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +30.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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 39% against the previous year. Overall, the export price, however, recorded a mild descent. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the other global leaders experienced a decline in the export price figures.

Propene Imports

Imports

In 2021, global propene imports was estimated at X tons, picking up by 6.3% on 2020. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 7.6% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of global imports failed to regain momentum.

In value terms, propene imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a mild descent. Global imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) represented the major importer of propene (propylene), creating 34% of total imports. It was distantly followed by Germany (X tons), the Netherlands (X tons), Belgium (X tons), France (X tons) and Colombia (X tons), together mixing up a 38% share of total imports. The following importers - Taiwan (Chinese) (X tons), Poland (X tons), Indonesia (X tons), Mexico (X tons) and Japan (X tons) - together made up 12% of total imports.

Imports into China increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, France (+12.8%), Japan (+7.4%), the Netherlands (+4.9%), Poland (+4.8%), Mexico (+4.3%) and Colombia (+1.3%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in the world, with a CAGR of +12.8% from 2012-2021. By contrast, Belgium (-2.0%), Germany (-2.5%), Taiwan (Chinese) (-4.3%) and Indonesia (-8.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France, the Netherlands and China increased by +3.3, +2.7 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported propene (propylene) worldwide, comprising 32% of global imports. The second position in the ranking was held by Germany ($X), with an 11% share of global imports. It was followed by the Netherlands, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -1.3%. In the other countries, the average annual rates were as follows: Germany (-4.5% per year) and the Netherlands (+4.0% per year).

Import Prices by Country

In 2021, the average propene import price amounted to $X per ton, rising by 36% against the previous year. Overall, the import price, however, saw a perceptible reduction. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of propene consumption in 2021 were the United States, India and Japan, together accounting for 29% of global consumption. These countries were followed by Pakistan, Brazil, China, Bangladesh, Germany, the UK, Mexico, Russia, Turkey and the Netherlands, which together accounted for a further 31%.
The countries with the highest volumes of propene production in 2021 were the United States, India and Japan, with a combined 31% share of global production. Pakistan, Brazil, Bangladesh, South Korea, Germany, the UK, Russia, Turkey, Mexico and the Netherlands lagged somewhat behind, together comprising a further 31%.
In value terms, the largest propene supplying countries worldwide were South Korea, the Netherlands and Japan, together comprising 39% of global exports. These countries were followed by the United States, Germany, Spain, Italy, Saudi Arabia, Belgium, Thailand, Portugal, the United Arab Emirates and Russia, which together accounted for a further 40%.
In value terms, China constitutes the largest market for imported propene propylene) worldwide, comprising 30% of global imports. The second position in the ranking was occupied by Germany, with an 11% share of global imports. It was followed by the Netherlands, with a 9.8% share.
In 2021, the average propene export price amounted to $903 per ton, growing by 17% against the previous year.
In 2021, the average propene import price amounted to $834 per ton, surging by 2.7% against the previous year.

This report provides an in-depth analysis of the global propene market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20141140 - Propene (propylene)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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