MERCOSUR: 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 MERCOSUR

The MERCOSUR market for polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021, jumping by 16% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in MERCOSUR

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 7.9%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

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

Exports in MERCOSUR

In 2021, exports of polyethylene with a specific gravity of less than X, in primary forms in MERCOSUR fell sharply to X tons, with a decrease of -19.2% compared with the previous year. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 33%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, exports recorded a pronounced decline. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil prevails in forms structure, amounting to X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Argentina (X tons), making up a 4.6% share of total exports.

Brazil was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms exports, with a CAGR of -3.8% from 2012 to 2021. Argentina (-11.8%) illustrated a downward trend over the same period. While the share of Brazil (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-4.8 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest polyethylene with a specific gravity of less than X supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was taken by Argentina ($X), with a 4.3% share of total exports.

In Brazil, exports of polyethylene with a specific gravity of less than X, in primary forms contracted by an average annual rate of -3.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, surging by 73% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.8%).

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

Imports in MERCOSUR

In 2021, purchases abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 10% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. The volume of import peaked in 2021 and is expected to retain 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 a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the major importer of polyethylene with a specific gravity of less than X, in primary forms in MERCOSUR, with the volume of imports accounting for X tons, which was near 40% of total imports in 2021. It was distantly followed by Chile (X tons), Peru (X tons), Argentina (X tons), Colombia (X tons) and Ecuador (X tons), together creating a 55% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms imports, with a CAGR of +9.5% from 2012 to 2021. At the same time, Colombia (+5.5%), Paraguay (+4.9%), Ecuador (+3.7%) and Peru (+1.5%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Argentina (-2.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Colombia increased by +16 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in MERCOSUR, comprising 39% of total imports. The second position in the ranking was held by Chile ($X), with a 13% share of total imports. It was followed by Argentina, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +10.0%. In the other countries, the average annual rates were as follows: Chile (+0.3% per year) and Argentina (-2.0% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, jumping by 58% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Paraguay ($X per ton) and Ecuador ($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 Ecuador (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform