Brazil: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Brazil

In 2021, the Brazilian polyethylene in primary forms market increased by 14% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, recorded a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polyethylene in Primary Forms in Brazil

In value terms, polyethylene in primary forms production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene in Primary Forms

Exports from Brazil

In 2021, overseas shipments of polyethylene in primary forms decreased by -16.1% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 26% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports soared to $X in 2021. In general, exports continue to indicate a perceptible contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons), Chile (X tons) and the Netherlands (X tons) were the main destinations of polyethylene in primary forms exports from Brazil, with a combined 45% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +118.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene in primary forms exported from Brazil were Argentina ($X), Chile ($X) and the Netherlands ($X), with a combined 49% share of total exports.

The Netherlands, with a CAGR of +127.2%, recorded 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 polyethylene in primary forms export price stood at $X per ton in 2021, rising by 68% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to China ($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 the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Brazil

In 2021, overseas purchases of polyethylene in primary forms increased by 26% to X tons, rising for the fifth consecutive year after two years of decline. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.7% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene in primary forms imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 +97.6% 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 supplier of polyethylene in primary forms to Brazil, with a 55% share of total imports. Moreover, polyethylene in primary forms imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. Canada (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+2.1% per year) and Canada (+16.1% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene in primary forms to Brazil, comprising 52% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports. It was followed by Saint Lucia, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+3.2% per year) and Saint Lucia (+20.3% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, with an increase of 49% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Israel ($X per ton) and Qatar ($X per ton), while the price for Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saint Lucia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :