MERCOSUR: Fluoropolymers Market 2024

Fluoropolymers Market Size in MERCOSUR

The MERCOSUR fluoropolymers market rose sharply to $X in 2021, surging by 9.7% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fluoropolymers Production in MERCOSUR

In value terms, fluoropolymers production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 39%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Fluoropolymers Exports

Exports in MERCOSUR

In 2021, fluoropolymers exports in MERCOSUR skyrocketed to X tons, surging by 50% compared with 2020. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 85% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 102%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Brazil dominates exports structure, finishing at X tons, which was near 90% of total exports in 2021. It was distantly followed by Colombia (X tons), generating a 7.3% share of total exports. Peru (X tons) took a relatively small share of total exports.

Exports from Brazil increased at an average annual rate of +13.5% from 2012 to 2021. At the same time, Colombia (+61.6%) and Peru (+21.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +61.6% from 2012-2021. While the share of Colombia (+7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest fluoropolymers supplier in MERCOSUR, comprising 84% of total exports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total exports.

In Brazil, fluoropolymers exports increased at an average annual rate of +16.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+64.4% per year) and Peru (+21.6% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, picking up by 33% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the export price increased by 39%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Fluoropolymers Imports

Imports in MERCOSUR

In 2021, after two years of decline, there was significant growth in overseas purchases of fluoropolymers, when their volume increased by 39% to X tons. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fluoropolymers imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil prevails in imports structure, finishing at X tons, which was near 95% of total imports in 2021. Argentina (X tons) took a relatively small share of total imports.

Brazil was also the fastest-growing in terms of the fluoropolymers imports, with a CAGR of +2.4% from 2012 to 2021. Argentina (-3.5%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported fluoropolymers in MERCOSUR, comprising 95% of total imports. The second position in the ranking was held by Argentina ($X), with a 2.6% share of total imports.

In Brazil, fluoropolymers imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, increasing by 12% against the previous year. In general, the import price, however, showed a pronounced downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.4%).

Source: IndexBox Platform