Brazil: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in Brazil

In 2022, the Brazilian polyethylene binder market increased by 1% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, saw a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polyethylene Binder Production in Brazil

In value terms, polyethylene binder production declined slightly to $X in 2022 estimated in export price. Overall, production saw a perceptible decline. The pace of growth was the most pronounced in 2016 when the production volume increased by 7.5%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polyethylene Binder Exports

Exports from Brazil

In 2022, exports of polyethylene or polypropylene binder or baler (agricultural) twines from Brazil reduced to X kg, shrinking by -2.4% on the year before. In general, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2016 when exports increased by 167% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, polyethylene binder exports skyrocketed to $X in 2022. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 336%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X kg) was the main destination for polyethylene binder exports from Brazil, accounting for a 41% share of total exports. Moreover, polyethylene binder exports to Peru exceeded the volume sent to the second major destination, Denmark (X kg), threefold. Malta (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Peru stood at -19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Malta (+205.5% per year).

In value terms, the largest markets for polyethylene binder exported from Brazil were Marshall Islands ($X), Peru ($X) and Denmark ($X), together comprising 63% of total exports. Malta, Hong Kong SAR, Panama and Bahrain lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Malta, with a CAGR of +119.8%, 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 2022, the average polyethylene binder export price amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 119%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Marshall Islands ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+73.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Brazil

For the third year in a row, Brazil recorded growth in supplies from abroad of polyethylene or polypropylene binder or baler (agricultural) twines, which increased by 58% to X tons in 2022. Over the period under review, imports saw a noticeable increase. The pace of growth was the most pronounced in 2015 with an increase of 118%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, polyethylene binder imports skyrocketed to $X in 2022. Overall, imports posted notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 119%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of polyethylene binder to Brazil, with a 86% share of total imports. Moreover, polyethylene binder imports from Portugal exceeded the figures recorded by the second-largest supplier, Israel (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+3.2% per year) and Hungary (-24.0% per year).

In value terms, Portugal ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Brazil, comprising 81% of total imports. The second position in the ranking was held by Israel ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Portugal amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+8.4% per year) and Hungary (-20.8% per year).

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, reducing by -5.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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