Latin America and the Caribbean: Polyamide Market 2024

Polyamide Market Size in Latin America and the Caribbean

In 2021, after three years of decline, there was significant growth in the Latin American polyamide market, when its value increased by 13% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Polyamide Production in Latin America and the Caribbean

In value terms, polyamide production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Polyamide Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of polyamides (in primary forms) were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyamide exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) and Brazil (X tons) represented roughly 81% of total exports in 2021. Argentina (X tons) ranks next in terms of the total exports with an 11% share, followed by Colombia (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of +2.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for 96% of total exports. These countries were followed by Colombia, which accounted for a further 2.5%.

Colombia, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 24% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+1.6%), while the other leaders experienced a decline in the export price figures.

Polyamide Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of polyamides (in primary forms) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable contraction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, polyamide imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) represented the key importer of polyamides (in primary forms), mixing up 48% of total imports. It was distantly followed by Mexico (X tons) and Argentina (X tons), together committing a 37% share of total imports. Colombia (X tons), Peru (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +17.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported polyamides (in primary forms) in Latin America and the Caribbean, comprising 63% of total imports. The second position in the ranking was held by Brazil ($X), with a 25% share of total imports. It was followed by Argentina, with a 5% share.

From 2012 to 2021, the average annual growth rate of value in Mexico stood at +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-0.4% per year) and Argentina (-2.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, approximately mirroring the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyamide import price decreased by -2.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+15.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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