MERCOSUR: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in MERCOSUR

The MERCOSUR polypropylene in primary forms market dropped to $X in 2022, which is down by -6.3% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Polypropylene in Primary Forms in MERCOSUR

In value terms, polypropylene in primary forms production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Polypropylene in Primary Forms

Exports in MERCOSUR

In 2022, overseas shipments of polypropylene in primary forms increased by 6.8% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2014 when exports increased by 23%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports shrank to $X in 2022. Overall, exports, however, saw a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) and Brazil (X tons) represented the main exporters of polypropylene in primary forms in 2022, recording approx. 44% and 31% of total exports, respectively. Argentina (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Chile (8.8%).

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +10.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Argentina ($X), with a combined 89% share of total exports.

In terms of the main exporting countries, Argentina, with a CAGR of +8.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by -13.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 62%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Chile ($X per ton) and Brazil ($X per ton), while Argentina ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polypropylene in Primary Forms

Imports in MERCOSUR

In 2022, after six years of growth, there was significant decline in purchases abroad of polypropylene in primary forms, when their volume decreased by -22.2% to X tons. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, polypropylene in primary forms imports declined sharply to $X in 2022. Over the period under review, imports, however, saw a measured expansion. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, Brazil (X tons) and Peru (X tons) were the main importers of polypropylene in primary forms in MERCOSUR, together accounting for near 62% of total imports. Ecuador (X tons) ranks next in terms of the total imports with a 10% share, followed by Argentina (10%) and Colombia (8.7%). The following importers - Paraguay (X tons) and Venezuela (X tons) - each resulted at a 6.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Venezuela (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms importing markets in MERCOSUR were Brazil ($X), Peru ($X) and Argentina ($X), together comprising 74% of total imports. Ecuador, Colombia, Paraguay and Venezuela lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, Venezuela, with a CAGR of +28.4%, 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

In 2022, the import price in MERCOSUR amounted to $X per ton, dropping by -5.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 49%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+0.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform