Chile: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Chile

The Chilean market for unsaturated polyesters in primary forms shrank slightly to $X in 2021, falling by -2.4% against the previous year. Overall, consumption recorded a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Chile

In value terms, unsaturated polyesters in primary forms production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 23% against the previous year. Unsaturated polyesters in primary forms production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Chile

In 2021, shipments abroad of unsaturated polyesters in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 39%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Peru (X tons) and Ecuador (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Chile, together comprising 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of -1.6%), while the other leaders experienced a decline.

In value terms, Colombia ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Chile, comprising 50% of total exports. The second position in the ranking was taken by Peru ($X), with a 25% share of total exports. It was followed by Ecuador, with a 21% share.

From 2012 to 2021, the average annual growth rate of value to Colombia stood at -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-7.1% per year) and Ecuador (-1.4% per year).

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, surging by 21% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Colombia ($X per ton) and Ecuador ($X per ton), while the average price for exports to Bolivia ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Chile

In 2021, the amount of unsaturated polyesters in primary forms imported into Chile soared to X tons, jumping by 37% against 2020. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports soared to $X in 2021. In general, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 +105.0% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Colombia (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Chile, with a 35% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Colombia exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Argentina (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Colombia amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+11.1% per year) and Argentina (+39.8% per year).

In value terms, the largest unsaturated polyesters in primary forms suppliers to Chile were Colombia ($X), Mexico ($X) and Argentina ($X), together comprising 62% of total imports. The United States, Turkey, China and Brazil lagged somewhat behind, together comprising a further 27%.

Turkey, with a CAGR of +81.4%, recorded the highest rates of growth with regard to 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 import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, increasing by 26% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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