Chile: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Chile

The Chilean market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was estimated at less than $X in 2022, standing approx. at the previous year. Over the period under review, consumption saw a perceptible decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Chile

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 91% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Chile

Exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Chile contracted markedly to X tons in 2016, with a decrease of -73.9% on 2015. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 102%. Over the period under review, the exports of hit record highs at X tons in 2015, and then reduced sharply in the following year.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined remarkably to $X in 2016. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. As a result, the exports attained the peak of $X. From 2014 to 2016, the growth of the exports of failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Chile, accounting for a 83% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), eightfold. The third position in this ranking was held by Colombia (X tons), with a 3.1% share.

From 2012 to 2016, the average annual growth rate of volume to China totaled -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+80.3% per year) and Colombia (0.0% per year).

In value terms, China ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Chile, comprising 74% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total exports. It was followed by Costa Rica, with a 5.7% share.

From 2012 to 2016, the average annual rate of growth in terms of value to China stood at -17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+17.7% per year) and Costa Rica (0.0% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, reducing by -3.4% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average export price decreased by -3% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2016, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+42.5%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Chile

For the third year in a row, Chile recorded growth in purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, which increased by 16% to X tons in 2016. The total import volume increased at an average annual rate of +7.9% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reached $X in 2016. Overall, imports, however, saw a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2016, imports failed to regain momentum.

Imports by Country

In 2016, China (X tons) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier to Chile, accounting for a 78% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2016, the average annual growth rate of volume from China stood at +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-19.2% per year) and the United States (-14.4% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Chile, comprising 76% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.7% share of total imports. It was followed by Mexico, with a 6.6% share.

From 2012 to 2016, the average annual growth rate of value from China amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.4% per year) and Mexico (-27.1% per year).

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, which is down by -12.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 a decrease of less than 0.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the United States (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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