Brazil: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Brazil

The Brazilian polyethylene glycol and polyether market soared to $X in 2021, increasing by 19% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Brazil

In value terms, polyethylene glycol and polyether production rose remarkably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Brazil

In 2021, shipments abroad of polyethylene glycols and polyethers in primary forms increased by 59% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 477%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 272%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Argentina (X tons) and Colombia (X tons) were the main destinations of polyethylene glycol and polyether exports from Brazil, with a combined 69% share of total exports. These countries were followed by Chile, Ecuador, Singapore and Peru, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +64.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol and polyether exported from Brazil were Argentina ($X), the United States ($X) and Chile ($X), with a combined 67% share of total exports. These countries were followed by Colombia, Ecuador, Singapore and Peru, which together accounted for a further 18%.

In terms of the main countries of destination, Peru, with a CAGR of +60.8%, saw the highest rates of growth with regard to 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 polyethylene glycol and polyether export price amounted to $X per ton, growing by 14% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Peru ($X per ton) and Argentina ($X per ton), while the average price for exports to the United States ($X per ton) and Colombia ($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 Singapore (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Brazil

In 2021, polyethylene glycol and polyether imports into Brazil soared to X tons, picking up by 27% on 2020. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyethylene glycol and polyether imports to Brazil, with a combined 77% share of total imports. South Korea, Colombia, Germany, Spain, Singapore and Mexico lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +424.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) constituted the largest polyethylene glycol and polyether suppliers to Brazil, with a combined 79% share of total imports. These countries were followed by South Korea, Colombia, Germany, Spain, Singapore and Mexico, which together accounted for a further 13%.

Among the main suppliers, Colombia, with a CAGR of +457.4%, recorded the highest rates of growth with regard to 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

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, jumping by 61% against the previous year. Overall, import price indicated a tangible increase 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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