Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021, jumping by 22% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Latin America and the Caribbean

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms rose to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 6.5%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported in Latin America and the Caribbean; shrinking by -26.4% against the previous year's figure. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 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 soared to $X in 2021. Over the period under review, exports showed a perceptible decrease. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil represented the main exporter of polyethylene with a specific gravity of less than X, in primary forms in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near 71% of total exports in 2021. It was distantly followed by Mexico (X tons), making up a 21% share of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polyethylene with a specific gravity of less than X exports from Brazil stood at -3.8%. At the same time, Mexico (+5.7%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +5.7% from 2012-2021. By contrast, Argentina (-11.8%) illustrated a downward trend over the same period. Mexico (+11 p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Brazil saw its share reduced by -4.9% and -6% from 2012 to 2021, respectively.

In value terms, Brazil ($X) remains the largest polyethylene with a specific gravity of less than X supplier in Latin America and the Caribbean, comprising 70% of total exports. The second position in the ranking was taken by Mexico ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled -3.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+7.1% per year) and Argentina (-11.8% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 68% against the previous year. In general, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Argentina ($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 (+1.3%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

Imports of polyethylene with a specific gravity of less than X, in primary forms surged to X tons in 2021, picking up by 24% against the year before. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +94.9% against 2019 indices. 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) represented the largest importers of polyethylene with a specific gravity of less than X, in primary forms in 2021, resulting at near 27% and 24% of total imports, respectively. Chile (X tons) held the next position in the ranking, followed by Peru (X tons), Argentina (X tons), Colombia (X tons) and Guatemala (X tons). All these countries together held near 33% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brazil (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2021, with a combined 58% share of total imports.

Among the main importing countries, Brazil, with a CAGR of +10.0%, recorded the highest growth rate of 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 import price in Latin America and the Caribbean amounted to $X per ton, growing by 47% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Guatemala ($X per ton) and Argentina ($X per ton), while Colombia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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