Chile: Polyacetals Market 2024

Polyacetals Market Size in Chile

The Chilean polyacetals market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption recorded a noticeable slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Polyacetals Exports

Exports from Chile

Polyacetals exports from Chile totaled X tons in 2021, remaining stable against 2020 figures. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 707%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyacetals exports rose significantly to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 475% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for polyacetals exports from Chile, with a 100% share of total exports. It was followed by China (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia was relatively modest.

In value terms, Colombia ($X) emerged as the key foreign market for polyacetals in primary forms exports from Chile, comprising 99% of total exports. The second position in the ranking was taken by China ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

In 2021, the average polyacetals export price amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyacetals export price increased by +78.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Colombia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.8%).

Polyacetals Imports

Imports into Chile

In 2021, imports of polyacetals in primary forms into Chile declined rapidly to X tons, shrinking by -15.4% compared with the year before. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2016 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, polyacetals imports surged to $X in 2021. Overall, imports showed a slight downturn. The growth pace was the most rapid in 2013 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) constituted the largest polyacetals supplier to Chile, with a 48% share of total imports. Moreover, polyacetals imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.9% per year) and Spain (+58.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of polyacetals in primary forms to Chile, comprising 44% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+53.6% per year) and the United States (-13.8% per year).

Import Prices by Country

In 2021, the average polyacetals import price amounted to $X per ton, growing by 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2018 when the average import price increased by 38% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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 Panama ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :