Chile: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Chile

In 2021, the Chilean market for polyethylene with a specific gravity of less than X, in primary forms increased by 37% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Chile

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt contraction. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Chile

Exports of polyethylene with a specific gravity of less than X, in primary forms from Chile skyrocketed to X tons in 2021, surging by 54% against 2020 figures. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 277% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 147% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Chile, with a 66% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Peru exceeded the volume sent to the second major destination, Argentina (X tons), threefold. Colombia (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Peru amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-27.3% per year) and Colombia (-17.3% per year).

In value terms, Peru ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Chile, comprising 63% of total exports. The second position in the ranking was taken by Argentina ($X), with a 21% share of total exports. It was followed by Colombia, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Peru amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-26.5% per year) and Colombia (-14.6% per year).

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, picking up by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Argentina ($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 Brazil (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Chile

In 2021, imports of polyethylene with a specific gravity of less than X, in primary forms into Chile dropped slightly to X tons, stabilizing at 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 3.9% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and South Korea (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Chile, together comprising 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and South Korea ($X) were the largest polyethylene with a specific gravity of less than X suppliers to Chile, together accounting for 76% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, growing by 75% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and Brazil ($X per ton), while the price for Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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