Argentina: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Argentina

The Argentinian polyethylene in primary forms market surged to $X in 2021, increasing by 116% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a tangible increase. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Exports of Polyethylene in Primary Forms

Exports from Argentina

In 2021, polyethylene in primary forms exports from Argentina fell dramatically to X tons, dropping by -83.7% compared with the previous year's figure. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 154% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports reduced rapidly to $X in 2021. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 105%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for polyethylene in primary forms exports from Argentina, accounting for a 84% share of total exports. Moreover, polyethylene in primary forms exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X tons), eightfold. The third position in this ranking was held by Uruguay (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil amounted to -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+7.0% per year) and Uruguay (-16.2% per year).

In value terms, Brazil ($X) remains the key foreign market for polyethylene in primary forms exports from Argentina, comprising 84% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 9.1% share of total exports. It was followed by Uruguay, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+3.4% per year) and Uruguay (-13.7% per year).

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, jumping by 74% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices reached the peak figure 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 for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene in Primary Forms

Imports into Argentina

After two years of growth, purchases abroad of polyethylene in primary forms decreased by -14.7% to X tons in 2021. In general, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by 34%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Over the period under review, imports showed a slight curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest polyethylene in primary forms supplier to Argentina, with a 48% share of total imports. Moreover, polyethylene in primary forms imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Saudi Arabia (+17.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of polyethylene in primary forms to Argentina, comprising 51% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Israel, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.0% per year) and Israel (+291.4% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, picking up by 70% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Israel ($X per ton) and Belgium ($X per ton), while the price for the United States ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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