Key Market Indicators
Korean exports of polypropylene are projected to reach almost 1.9 billion kilograms by 2026, up from 1.7 billion kilograms in 2021. This growth rate of 1.8% per year is slightly higher than the average growth rate since 1993, which was 3.5%. In 2021, Korea placed second in the global rankings, behind Saudi Arabia. South Korea, Germany, and Singapore were the 2nd, 3rd, and 4th-largest exporters respectively. Korean imports of polypropylene are also projected to increase, reaching 18.8 million kilograms by 2026, up from 17.7 million kilograms in 2021. The average annual growth rate of 0.7% since 1993 is slightly lower than the 4.4% growth rate since then. In 2021, South Africa was the largest importer, and Korea ranked 71st. Italy, Germany, and Indonesia were the 2nd, 3rd, and 4th-largest importers respectively.