Chile: Isocyanates Market 2024

Isocyanates Market Size in Chile

The Chilean isocyanates market reduced to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a noticeable contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Isocyanates Production in Chile

In value terms, isocyanates production reached $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Isocyanates Exports

Exports from Chile

In 2022, overseas shipments of isocyanates increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, isocyanates exports fell to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons), the Dominican Republic (X tons) and Bolivia (X tons) were the main destinations of isocyanates exports from Chile, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Peru ($X) and the Dominican Republic ($X) were the largest markets for isocyanates exported from Chile worldwide, together accounting for X% of total exports. Bolivia, Paraguay and the United States lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bolivia, with a CAGR of X%, 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

The average isocyanates export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the United States ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Isocyanates Imports

Imports into Chile

Isocyanates imports into Chile contracted sharply to X tons in 2022, shrinking by X% compared with the previous year's figure. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, isocyanates imports dropped markedly to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of isocyanates imports to Chile, with a combined X% share of total imports. Peru, Germany, Japan, Argentina and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest isocyanates suppliers to Chile were China ($X), the United States ($X) and South Korea ($X), with a combined X% share of total imports. Peru, Germany, Japan, Argentina and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average isocyanates import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isocyanates import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Hungary ($X per ton), while the price for Japan ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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