Latin America and the Caribbean: Polyacetals Market 2024

Polyacetals Market Size in Latin America and the Caribbean

The Latin American polyacetals market stood at $X in 2021, growing by 15% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Polyacetals Production in Latin America and the Caribbean

In value terms, polyacetals production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 8.5%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Polyacetals Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of polyacetals in primary forms were exported in Latin America and the Caribbean; reducing by -11.4% on the previous year. Over the period under review, exports, however, showed notable growth. The pace of growth appeared the most rapid in 2017 with an increase of 180% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, polyacetals exports rose sharply to $X in 2021. Overall, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 199% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Mexico (X tons) and Brazil (X tons) prevails in exports structure, together achieving 84% of total exports. It was distantly followed by Honduras (X tons), committing an 8.9% share of total exports. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Honduras (with a CAGR of +30.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest polyacetals supplier in Latin America and the Caribbean, comprising 63% of total exports. The second position in the ranking was taken by Brazil ($X), with a 31% share of total exports. It was followed by Colombia, with a 2.9% share.

In Mexico, polyacetals exports expanded at an average annual rate of +1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+2.7% per year) and Colombia (+27.4% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.8%), while the other leaders experienced a decline in the export price figures.

Polyacetals Imports

Imports in Latin America and the Caribbean

In 2021, polyacetals imports in Latin America and the Caribbean skyrocketed to X tons, with an increase of 24% against 2020. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; 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, polyacetals imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; 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.

Imports by Country

Mexico (X tons) and Brazil (X tons) dominates imports structure, together comprising 88% of total imports. The following importers - Colombia (X tons), Trinidad and Tobago (X tons) and Argentina (X tons) - together made up 9.9% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Colombia (with a CAGR of +9.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported polyacetals in primary forms in Latin America and the Caribbean, comprising 64% of total imports. The second position in the ranking was held by Brazil ($X), with a 25% share of total imports. It was followed by Trinidad and Tobago, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +4.4%. In the other countries, the average annual rates were as follows: Brazil (+1.7% per year) and Trinidad and Tobago (+9.7% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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