Brazil: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Brazil

The Brazilian market for unsaturated polyesters in primary forms rose notably to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Brazil

In value terms, unsaturated polyesters in primary forms production rose sharply to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Brazil

In 2021, shipments abroad of unsaturated polyesters in primary forms increased by 1.4% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons), the United States (X tons) and Uruguay (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Brazil, together accounting for 64% of total exports. Argentina, Chile, Colombia, Ireland and Bolivia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unsaturated polyesters in primary forms exported from Brazil were the United States ($X), Paraguay ($X) and Uruguay ($X), together comprising 68% of total exports. Argentina, Chile, Ireland, Colombia and Bolivia lagged somewhat behind, together comprising a further 28%.

Argentina, with a CAGR of +8.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, rising by 29% against the previous year. In general, the export price, however, showed a slight contraction. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 Ecuador (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Brazil

Unsaturated polyesters in primary forms imports into Brazil declined remarkably to X tons in 2021, waning by -26.7% against the previous year's figure. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when imports increased by 51%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms imports rose significantly to $X in 2021. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Brazil, together comprising 70% of total imports. Germany, Colombia, France, Belgium, Canada and Japan lagged somewhat behind, together comprising a further 25%.

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 +3.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unsaturated polyesters in primary forms suppliers to Brazil were Italy ($X), the United States ($X) and Argentina ($X), together comprising 57% of total imports. These countries were followed by Germany, France, Belgium, Canada, Colombia and Japan, which together accounted for a further 36%.

France, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 unsaturated polyesters in primary forms stood at $X per ton in 2021, growing by 56% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, import price reached 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 Japan ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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