Brazil: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Brazil

After three years of decline, the Brazilian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 18% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Brazil

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) expanded sharply to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 27%. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Brazil

In 2021, overseas shipments of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 55% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons), Chile (X tons) and Bolivia (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Brazil, with a combined 66% share of total exports. These countries were followed by the United States, Paraguay, Colombia, Uruguay, Peru, Mexico and South Africa, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +49.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Brazil were Argentina ($X), Chile ($X) and Bolivia ($X), with a combined 61% share of total exports. These countries were followed by the United States, Paraguay, Uruguay, Mexico, Colombia, Peru and South Africa, which together accounted for a further 30%.

Among the main countries of destination, the United States, with a CAGR of +28.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, with an increase of 10% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 10%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 Mexico (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Brazil

In 2021, overseas purchases of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 0.5% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 7.8% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X in 2021. In general, imports, however, showed a perceptible contraction. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Brazil, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Brazil were the United States ($X), South Korea ($X) and China ($X), with a combined 53% share of total imports.

South Korea, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, increasing by 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform