Chile: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Chile

The Chilean polycarboxylic acid market shrank slightly to $X in 2022, falling by -2.6% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Polycarboxylic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Polycarboxylic Acid Production in Chile

In value terms, polycarboxylic acid production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polycarboxylic Acid Exports

Exports from Chile

In 2022, the amount of polycarboxylic acids exported from Chile declined modestly to X tons, with a decrease of -4.1% on the previous year's figure. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 36% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, polycarboxylic acid exports shrank to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 134%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for polycarboxylic acid exports from Chile, accounting for a 67% share of total exports. Moreover, polycarboxylic acid exports to Brazil exceeded the volume sent to the second major destination, Colombia (X tons), fivefold. The third position in this ranking was taken by Peru (X tons), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+64.4% per year) and Peru (+50.9% per year).

In value terms, Brazil ($X) remains the key foreign market for polycarboxylic acids exports from Chile, comprising 64% of total exports. The second position in the ranking was held by Colombia ($X), with a 14% share of total exports. It was followed by Peru, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+67.9% per year) and Peru (+50.6% per year).

Export Prices by Country

The average polycarboxylic acid export price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 80%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per ton) and Colombia ($X per ton), while the average price for exports to Brazil ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Chile

Polycarboxylic acid imports into Chile dropped rapidly to X tons in 2022, waning by -26.9% compared with the previous year. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, polycarboxylic acid imports shrank to $X in 2022. Over the period under review, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Russia (X tons) were the main suppliers of polycarboxylic acid imports to Chile, together accounting for 87% of total imports. Mexico, Malaysia, Colombia and Brazil lagged somewhat behind, together accounting for a further 7.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +82.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Russia ($X) were the largest polycarboxylic acid suppliers to Chile, together accounting for 82% of total imports. Colombia, Mexico, Malaysia and Brazil lagged somewhat behind, together accounting for a further 9.4%.

Malaysia, with a CAGR of +94.8%, recorded the highest growth rate of 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 polycarboxylic acid import price stood at $X per ton in 2022, with an increase of 23% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :