Argentina: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Argentina

After two years of growth, the Argentinian polypropylene in primary forms market decreased by -9.3% to $X in 2022. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Polypropylene in Primary Forms in Argentina

In value terms, polypropylene in primary forms production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a slight expansion. The growth pace was the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Polypropylene in Primary Forms

Exports from Argentina

In 2022, overseas shipments of polypropylene in primary forms were finally on the rise to reach X tons after three years of decline. Overall, exports enjoyed a buoyant expansion. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports soared to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+75.2% per year) and Chile (+33.8% per year).

In value terms, Brazil ($X) remains the key foreign market for polypropylene in primary forms exports from Argentina, comprising 92% of total exports. The second position in the ranking was held by Mexico ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+61.6% per year) and Chile (+24.0% per year).

Export Prices by Country

The average polypropylene in primary forms export price stood at $X per ton in 2022, waning by -7% against the previous year. Over the period under review, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Mexico ($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 Brazil (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene in Primary Forms

Imports into Argentina

After three years of growth, supplies from abroad of polypropylene in primary forms decreased by -19.1% to X tons in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, polypropylene in primary forms imports reduced remarkably to $X in 2022. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest polypropylene in primary forms supplier to Argentina, with a 49% share of total imports. Moreover, polypropylene in primary forms imports from Brazil exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. Chile (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+28.3% per year) and Chile (+13.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of polypropylene in primary forms to Argentina, comprising 49% of total imports. The second position in the ranking was taken by Colombia ($X), with a 22% share of total imports. It was followed by Chile, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+29.0% per year) and Chile (+15.7% per year).

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, growing by 1.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Chile ($X per ton), while the price for China ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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