Brazil: Polyamide Market 2024

Polyamide Market Size in Brazil

The Brazilian polyamide market expanded notably to $X in 2021, increasing by 9.7% against the previous year. Over the period under review, consumption, however, saw a slight reduction. Polyamide consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Polyamide Production in Brazil

In value terms, polyamide production dropped slightly to $X in 2021 estimated in export price. Overall, production saw a noticeable reduction. The pace of growth was the most pronounced in 2013 with an increase of 1%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Polyamide Exports

Exports from Brazil

After three years of decline, overseas shipments of polyamides (in primary forms) increased by 2.9% to X tons in 2021. Over the period under review, exports continue to indicate a perceptible increase. The growth pace was the most rapid in 2017 when exports increased by 80%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyamide exports soared to $X in 2021. In general, exports enjoyed a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of 100%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Mexico (X tons) and Chile (X tons) were the main destinations of polyamide exports from Brazil, with a combined 65% share of total exports. These countries were followed by Turkey, Colombia, India, the United States, Italy, Taiwan (Chinese), South Korea, China, Peru and Trinidad and Tobago, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +99.8%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Mexico ($X) and India ($X) were the largest markets for polyamide exported from Brazil worldwide, with a combined 65% share of total exports. The United States, Turkey, Colombia, Italy, Chile, South Korea, Taiwan (Chinese), China, Peru and Trinidad and Tobago lagged somewhat behind, together comprising a further 29%.

Turkey, with a CAGR of +94.1%, saw the highest growth rate of the value of exports, among 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 polyamide export price stood at $X per ton in 2021, picking up by 35% against the previous year. Over the period under review, the export price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2018 an increase of 41%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Trinidad and Tobago ($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 South Korea (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Polyamide Imports

Imports into Brazil

In 2021, after two years of decline, there was significant growth in supplies from abroad of polyamides (in primary forms), when their volume increased by 26% to X tons. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyamide imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of polyamide imports to Brazil, with a combined 52% share of total imports. These countries were followed by Belgium, Italy, Spain, France, the Netherlands, Argentina and Switzerland, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +48.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide suppliers to Brazil were Germany ($X), the United States ($X) and China ($X), with a combined 54% share of total imports. France, Belgium, Italy, Spain, Switzerland, the Netherlands and Argentina lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, Belgium, with a CAGR of +34.9%, recorded the highest growth rate of the value of imports, 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 polyamide import price amounted to $X per ton, surging by 25% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Switzerland ($X per ton), while the price for Belgium ($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 (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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