Brazil: Polyacetals Market 2024

Polyacetals Market Size in Brazil

The Brazilian polyacetals market surged to $X in 2021, picking up by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.1% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyacetals Exports

Exports from Brazil

In 2021, exports of polyacetals in primary forms from Brazil reduced sharply to X tons, which is down by -23.3% compared with the previous year's figure. In general, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +19.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 71%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyacetals exports fell to $X in 2021. Overall, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 70%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Colombia (X tons) and Chile (X tons) were the main destinations of polyacetals exports from Brazil, together accounting for 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +168.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyacetals exported from Brazil were Argentina ($X), Colombia ($X) and China ($X), together comprising 88% of total exports.

Colombia, with a CAGR of +179.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyacetals export price stood at $X per ton in 2021, surging by 19% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Chile ($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 Colombia (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Polyacetals Imports

Imports into Brazil

Polyacetals imports into Brazil reached X tons in 2021, with an increase of 7.7% compared with the previous year. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, polyacetals imports skyrocketed to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest polyacetals supplier to Brazil, with a 58% share of total imports. Moreover, polyacetals imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by China (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.0% per year) and China (+4.0% per year).

In value terms, the United States ($X), South Korea ($X) and the Netherlands ($X) appeared to be the largest polyacetals suppliers to Brazil, with a combined 78% share of total imports. These countries were followed by China, Malaysia and Germany, which together accounted for a further 18%.

Malaysia, with a CAGR of +49.3%, saw 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

The average polyacetals import price stood at $X per ton in 2021, growing by 33% against the previous year. Over the period under review, the import price, however, showed a mild descent. The import price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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