MERCOSUR: Polyacetals Market 2024

Polyacetals Market Size in MERCOSUR

The MERCOSUR polyacetals market soared to $X in 2021, growing by 27% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Polyacetals Production in MERCOSUR

In value terms, polyacetals production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of less than 0.1% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Polyacetals Exports

Exports in MERCOSUR

In 2021, the amount of polyacetals in primary forms exported in MERCOSUR contracted remarkably to X tons, with a decrease of -23.3% on the previous year's figure. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +8.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 70%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyacetals exports dropped to $X in 2021. Total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil dominates exports structure, recording X tons, which was near 88% of total exports in 2021. It was distantly followed by Colombia (X tons), comprising a 7.9% share of total exports. Ecuador (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to polyacetals exports from Brazil stood at +1.8%. At the same time, Ecuador (+106.1%) and Colombia (+28.4%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +106.1% from 2012-2021. While the share of Colombia (+6.8 p.p.) and Ecuador (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-9.5 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest polyacetals supplier in MERCOSUR, comprising 88% of total exports. The second position in the ranking was taken by Colombia ($X), with an 8.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at +2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+27.4% per year) and Ecuador (+89.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, picking up by 23% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Ecuador ($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 MERCOSUR

In 2021, polyacetals imports in MERCOSUR rose notably to X tons, picking up by 11% on 2020. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 22%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, polyacetals imports skyrocketed to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 +66.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, accounting for X tons, which was approx. 82% of total imports in 2021. Colombia (X tons) ranks second in terms of the total imports with an 8.5% share, followed by Argentina (5.6%). Uruguay (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to polyacetals imports into Brazil stood at +3.4%. At the same time, Uruguay (+10.6%), Colombia (+9.9%) and Argentina (+1.8%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +10.6% from 2012-2021. Colombia (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -1.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported polyacetals in primary forms in MERCOSUR, comprising 79% of total imports. The second position in the ranking was taken by Colombia ($X), with a 9.7% share of total imports. It was followed by Argentina, with a 7.3% share.

In Brazil, polyacetals imports expanded at an average annual rate of +1.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+10.4% per year) and Argentina (+1.9% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, picking up by 30% against the previous year. In general, the import price, however, showed a slight slump. The level of import peaked at $X per ton in 2013; however, from 2014 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 Argentina ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform