Chile: Natural Polymers Market 2024

Natural Polymers Market Size in Chile

In 2021, the Chilean natural polymers market increased by 13% to $X, rising for the third year in a row after four years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Natural Polymers Production in Chile

In value terms, natural polymers production expanded slightly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decline. The growth pace was the most rapid in 2019 when the production volume increased by 131% against the previous year. Natural polymers production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Natural Polymers Exports

Exports from Chile

In 2021, exports of natural and modified natural polymers in primary forms from Chile skyrocketed to X tons, increasing by 29% against 2020. In general, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 34%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild descent. The growth pace was the most rapid in 2019 when exports increased by 27%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for natural polymers exports from Chile, with a 41% share of total exports. Moreover, natural polymers exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.6% per year) and the UK (+26.7% per year).

In value terms, Japan ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Chile, comprising 38% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by the UK, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.7% per year) and the UK (+28.4% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, dropping by -8.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 an increase of 17%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Colombia ($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 Mexico (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Chile

In 2021, the amount of natural and modified natural polymers in primary forms imported into Chile soared to X tons, with an increase of 33% against 2020. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 78% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, natural polymers imports soared to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +61.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of natural polymers imports to Chile, with a combined 91% share of total imports. These countries were followed by Austria, Brazil, France and Canada, which together accounted for a further 5.9%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +72.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Chile, comprising 38% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+44.9% per year) and the United States (+6.4% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, rising by 14% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2019 an increase of 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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