Argentina: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Argentina

The Argentinian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms declined slightly to $X in 2022, standing approx. at the previous year. Overall, consumption showed a deep contraction. The growth pace was the most rapid in 2021 when the market value increased by 2.2% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Argentina

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 14%. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Argentina

In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 4.4% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 30%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X in 2022. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Argentina, with a 66% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Brazil exceeded the volume sent to the second major destination, Bolivia (X tons), sixfold. Paraguay (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-4.0% per year) and Paraguay (-16.7% per year).

In value terms, Brazil ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Argentina, comprising 66% of total exports. The second position in the ranking was taken by Bolivia ($X), with an 11% share of total exports. It was followed by Peru, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-8.8% per year) and Peru (-7.2% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2017 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Argentina

In 2022, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were imported into Argentina; declining by -17% compared with the previous year. Overall, imports saw a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 51%. Over the period under review, imports of reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms plummeted to $X in 2022. In general, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Oman (X tons), China (X tons) and India (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Argentina, together comprising 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +32.1%), while imports for the other leaders experienced a decline.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Argentina were Oman ($X), China ($X) and India ($X), together comprising 66% of total imports.

Oman, with a CAGR of +26.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, waning by -4.5% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and South Korea ($X per ton), while the price for Mexico ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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