Polypropylene Price in Belgium

Belgium: 1047 USD/MT (Polypropylene Injection Moulding)

As of the latest quarter, the price of polypropylene injection molding FD Antwerp in Belgium was recorded at 1047 USD/MT. Polypropylene prices demonstrated a fluctuating pattern during the first two quarters of 2023.

The latest report by IMARC Group, titled "Polypropylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of polypropylene prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Polypropylene Prices December 2023:

Belgium: 1047 USD/MT (Polypropylene Injection Moulding)

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The study delves into the factors affecting polypropylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Polypropylene Price Trend- Q4 2023

In the first quarter of 2024, the Polypropylene (PP) market experienced diverse price trends across different regions, influenced by a range of factors. In North America, PP prices significantly declined due to cheaper imports, reduced demand from downstream industries like automobiles and construction, and higher interest rates impacting consumer demand. The ongoing Red Sea crises further disrupted trade, affecting supply and freight rates, with Mexico witnessing a notable 22% price drop compared to the previous quarter. In the Asia-Pacific (APAC) region, the market exhibited moderate volatility driven by fluctuating raw material costs and geopolitical tensions, with countries like Japan, South Korea, and Singapore experiencing price increases due to costly imports and logistical challenges. Despite China's stable market, India maintained a balanced demand-supply dynamic, stabilizing prices.

Polypropylene Market Analysis

The global polypropylene market size reached US$ 132 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 179.7 Billion, at a projected CAGR of 3.40% during 2023-2032. In Europe, the PP market faced initial price fluctuations due to supply chain disruptions and geopolitical tensions, followed by price adjustments as logistics and production normalized. However, new environmental regulations and the ongoing energy crisis pushed prices upward again, with demand variations in key sectors like automotive further influencing prices. South America's PP market saw dynamic pricing, initially stable due to consistent imports but later volatile due to global feedstock price fluctuations, geopolitical developments, and the reinstatement of antidumping duties on US PP by Brazil. Economic conditions and fluctuating demand in automotive and construction sectors also impacted prices.

In the Middle East and Africa (MEA) region, PP prices showed a consistent upward trajectory due to supply disruptions, increased feedstock costs, and strong downstream demand. Saudi Arabia experienced the most significant price changes, with a 12% increase compared to the previous quarter. Overall, the first quarter of 2024 highlighted the PP market's sensitivity to global economic and geopolitical factors, with varying price trends across regions driven by local and international dynamics. The upcoming quarters are expected to witness continued volatility, emphasizing the need for strategic market navigation.

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Key Points Covered in the Polypropylene Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

Polypropylene Prices
Polypropylene Price Chart
Polypropylene Demand & Supply
Polypropylene Market Analysis
Demand Supply Analysis by Type
Demand Supply Analysis by Application
Demand Supply Analysis of Raw Materials
Polypropylene Price Analysis
Polypropylene Industry Drivers, Restraints, and Opportunities
Polypropylene News and Recent developments
Global Event Analysis
List of Key Players

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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