Latin America and the Caribbean: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Latin America and the Caribbean

The Latin American ethylene polymer rigid pipes market was estimated at $X in 2021, with an increase of 4.7% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Latin America and the Caribbean

In value terms, ethylene polymer rigid pipes production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 16%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in Latin America and the Caribbean

In 2021, overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene were finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2018 with an increase of 149% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports skyrocketed to $X in 2021. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 180%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X tons) was the major exporter of rigid tubes, pipes and hoses of polymers of ethylene, generating 68% of total exports. It was distantly followed by Chile (X tons), mixing up a 26% share of total exports. Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of ethylene exports, with a CAGR of +44.9% from 2012 to 2021. At the same time, Brazil (+3.1%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. From 2012 to 2021, the share of Mexico increased by +62 percentage points.

In value terms, Mexico ($X) remains the largest ethylene polymer rigid pipes supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was held by Chile ($X), with a 26% share of total exports.

In Mexico, ethylene polymer rigid pipes exports expanded at an average annual rate of +45.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-2.4% per year) and Brazil (+0.4% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, approximately equating the previous year. In general, the export price, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 12%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico ($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 (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in Latin America and the Caribbean

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported in Latin America and the Caribbean; picking up by 16% on the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 53% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 46%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons) and Peru (X tons) represented roughly 34% of total imports in 2021. Uruguay (X tons) ranks next in terms of the total imports with a 10% share, followed by the Dominican Republic (6.6%), Brazil (6.6%), Argentina (5.8%) and Costa Rica (4.8%). Chile (X tons), Guatemala (X tons), Haiti (X tons), Nicaragua (X tons), Cuba (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nicaragua (with a CAGR of +52.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes importing markets in Latin America and the Caribbean were Mexico ($X), Peru ($X) and the Dominican Republic ($X), together comprising 42% of total imports. Brazil, Chile, Uruguay, Costa Rica, Argentina, Guatemala, Nicaragua, Haiti, Cuba and Paraguay lagged somewhat behind, together accounting for a further 43%.

Among the main importing countries, Nicaragua, with a CAGR of +66.1%, saw the highest rates of growth with regard to 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 7.8% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nicaragua (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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