Net sales of Petrochemical businesses in 2022, slightly decreased by 1% from that last year due to an 11% decrease in sales volume versus a 10% rise in average selling prices. Net sales of Petrochemical businesses in 2022 were Baht 70,402 million, slightly decreased by Baht 687 million or 1% from that last year. This was mainly because sales volume decreased by 188,000 tons or 11%, while average selling prices increased by 10%. The lower sales volume was mainly from PP in Olefins group and Mixed Xylene in Aromatics group. The proportion of domestic and export of Petrochemical products in 2022 was 62:38 and most of the exported productswere shipped toSingapore, HongKong and Indonesia respectively. 1.2.4 The spread between key petrochemical products and raw material Average price (USD/MT) 2022 2021 %Change Naphtha 785 646 22% Olefins HDPE - Naphtha 457 641 (29%) PP - Naphtha 407 655 (38%) Aromatics BZ - Naphtha 246 268 (8%) TOL - Naphtha 175 83 111% MX - Naphtha 239 104 130% Styrenics ABS - Naphtha 901 1,713 (47%) PS (GPPS) - Naphtha 731 955 (23%) 179 Management Discussion and Analysis (MD&A) IRPC PUBLIC COMPANY LIMITED
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