Brazil: Ethylene Market 2024

Ethylene Market Size in Brazil

After two years of decline, the Brazilian ethylene market increased by 15% to $X in 2021. In general, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ethylene Production in Brazil

In value terms, ethylene production surged to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt setback. Ethylene production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ethylene Exports

Exports from Brazil

In 2021, approx. X tons of ethylene were exported from Brazil; picking up by 657% against 2020. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 699% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for ethylene exports from Brazil, with a 64% share of total exports. Moreover, ethylene exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-1.2% per year) and the Netherlands (-28.4% per year).

In value terms, China ($X) remains the key foreign market for ethylene exports from Brazil, comprising 64% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 19% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+2.2% per year) and the Netherlands (-24.8% per year).

Export Prices by Country

In 2021, the average ethylene export price amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Argentina ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Imports

Imports into Brazil

In 2021, the amount of ethylene imported into Brazil surged to X tons, picking up by 19% on the previous year's figure. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 5,980% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ethylene imports surged to $X in 2021. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 6,960% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main ethylene supplier to Brazil, accounting for a 91% share of total imports. Moreover, ethylene imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +9.4%.

In value terms, the United States ($X) constituted the largest supplier of ethylene to Brazil, comprising 94% of total imports. The second position in the ranking was held by Mexico ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +12.5%.

Import Prices by Country

The average ethylene import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethylene import price increased by +33.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 113% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%).

Source: IndexBox Platform

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