Propylene Trade Analysis
- Satit Vaewvichit
- Oct 4
- 2 min read
Updated: Nov 4
Global Propylene Trade Analysis Summary
The period from 2015 to 2024 saw the Middle East and North America retain their status as principal propylene exporters, although both experienced a reduction in surplus toward the end of the decade. Northeast Asia and South America served as the main net importers, with Northeast Asia displaying considerable shifts in trade direction. The decade was further characterized by transitions and reversals in Western Europe, Southeast Asia, and Central & Eastern Europe, while Oceania’s trade remained minor in scale.
In 2024, global propylene trade was dominated by intra-regional exchanges within Northeast Asia and Western Europe, with major inter-regional flows originating from North America and the Middle East to key markets in Northeast Asia, Western Europe, and South America. The largest single flow was South Korea to China, demonstrating the concentration of trade around a few major trade corridors.
In 2024, Germany and Turkey served as key transit hubs. The main origins of these flows included Libya, Italy, Romania, Spain, and the Netherlands, while the primary destinations were Greece, the Czech Republic, Poland, and France.
From 2015 to 2024, propylene prices fluctuated, generally rising from the middle of the decade and reaching peaks in 2021 or 2022. Afterward, prices declined before partially recovering in 2024. The lowest price recorded was four hundred sixteen USD per metric ton in 2017, while the highest was one thousand five hundred eighty-four USD per metric ton in 2021.
Globally, sea transport was the primary method for moving propylene, especially outside Europe and North America. Road and railway played major roles in European regions, with North America also showing a substantial use of railway.
The global average transportation cost for propylene during 2020-2024 stood at sixty six USD per metric ton. The average cost was based on weighted average CIF-FOB price differences, which reflects the costs of freight, insurance, port handling, and other ancillary fees associated with bilateral trades between exporting and importing countries.
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