MERCOSUR: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in MERCOSUR

In 2022, the MERCOSUR market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach $X after eight years of decline. In general, consumption, however, continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in MERCOSUR

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of 13%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in MERCOSUR

In 2022, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported in MERCOSUR; remaining constant against the previous year's figure. Overall, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2016 with an increase of 55%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled $X in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Peru was the main exporting country with an export of about X tons, which finished at 67% of total exports. Argentina (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Venezuela (6.9%) and Colombia (6.5%). Uruguay (X tons) followed a long way behind the leaders.

Peru experienced a relatively flat trend pattern with regard to volume of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms. At the same time, Venezuela (+13.5%) and Colombia (+8.2%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +13.5% from 2012-2022. By contrast, Uruguay (-2.2%) and Argentina (-7.0%) illustrated a downward trend over the same period. Peru (+28 p.p.), Venezuela (+5.7 p.p.) and Colombia (+4.7 p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -4.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplying countries in MERCOSUR were Peru ($X), Argentina ($X) and Colombia ($X), together comprising 89% of total exports. Venezuela and Uruguay lagged somewhat behind, together accounting for a further 9.2%.

Venezuela, with a CAGR of +7.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by 1.7% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 2.4%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (-1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in MERCOSUR

After seven years of decline, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 1.3% to X tons in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by 4% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded modestly to $X in 2022. In general, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by 2.8% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Peru was the major importing country with an import of around X tons, which accounted for 48% of total imports. Uruguay (X tons) held the second position in the ranking, distantly followed by Colombia (X tons). All these countries together held approx. 48% share of total imports. Ecuador (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +1.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms importing markets in MERCOSUR were Peru ($X), Uruguay ($X) and Colombia ($X), with a combined 95% share of total imports.

Peru, with a CAGR of -6.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ecuador ($X per ton) and Colombia ($X per ton), while Uruguay ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-5.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform