Brazil: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Brazil

The Brazilian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption continues to indicate a abrupt shrinkage. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Brazil

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by 0.8% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Brazil

Exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Brazil surged to X tons in 2016, jumping by 123% compared with the previous year's figure. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2016. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Brazil, with a 75% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the United States exceeded the volume sent to the second major destination, Venezuela (X tons), sixfold. The third position in this ranking was taken by Colombia (X tons), with a 6.9% share.

From 2012 to 2016, the average annual growth rate of volume to the United States stood at +165.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+6.2% per year) and Colombia (+99.5% per year).

In value terms, the United States ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Brazil, comprising 73% of total exports. The second position in the ranking was held by Venezuela ($X), with a 16% share of total exports. It was followed by Colombia, with a 5.9% share.

From 2012 to 2016, the average annual rate of growth in terms of value to the United States stood at +133.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-3.2% per year) and Colombia (+55.7% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, declining by -19.7% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 0.8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2016, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per ton) and Mexico ($X per ton), while the average price for exports to Colombia ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-5.3%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Brazil

In 2016, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -10.1% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of 43%. As a result, imports reached the peak of X tons. From 2014 to 2016, the growth of imports of remained at a lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank significantly to $X in 2016. In general, imports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 39%. As a result, imports reached the peak of $X. From 2014 to 2016, the growth of imports of failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Mexico (X tons) and Paraguay (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Brazil, together accounting for 70% of total imports. Argentina, China, Uruguay, Lithuania and South Korea lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Brazil were Taiwan (Chinese) ($X), Mexico ($X) and Argentina ($X), together accounting for 70% of total imports. China, Paraguay, Uruguay, Lithuania and South Korea lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Uruguay, with a CAGR of +20.3%, 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 import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, dropping by -13% against the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2013 a decrease of -2.9%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2016, 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 China ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by China (-5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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