Argentina: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Argentina

After six years of decline, the Argentinian market for polyethylene with a specific gravity of less than X, in primary forms increased by 9.6% to $X in 2021. Over the period under review, consumption, however, recorded a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Argentina

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Argentina

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms exported from Argentina contracted notably to X tons, falling by -72.2% against 2020 figures. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 57% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020, and then shrank remarkably in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms contracted rapidly to $X in 2021. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 79% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Argentina, accounting for a 92% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Brazil exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-5.6% per year) and Chile (-30.2% per year).

In value terms, Brazil ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Argentina, comprising 91% of total exports. The second position in the ranking was held by Uruguay ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-4.4% per year) and Chile (-31.7% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, increasing by 81% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Chile ($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 (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Argentina

After two years of growth, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms decreased by -15.5% to X tons in 2021. In general, imports showed a noticeable slump. The growth pace was the most rapid in 2019 when imports increased by 46% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Overall, imports recorded a noticeable slump. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and Israel (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Argentina, together comprising 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +392.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Argentina, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by Israel, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.0% per year) and Israel (+354.8% per year).

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 66% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 ($X per ton) and Brazil ($X per ton), while the price for the United States ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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