MERCOSUR: Polyurethanes Market 2024

Polyurethanes Market Size in MERCOSUR

In 2021, after two years of decline, there was significant growth in the MERCOSUR polyurethanes market, when its value increased by 11% to $X. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Polyurethanes Production in MERCOSUR

In value terms, polyurethanes production expanded sharply to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Polyurethanes Exports

Exports in MERCOSUR

Polyurethanes exports skyrocketed to X tons in 2021, rising by 29% against 2020 figures. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes exports skyrocketed to $X in 2021. Total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was approx. 93% of total exports in 2021. Colombia (X tons) and Argentina (X tons) held a relatively small share of total exports.

Brazil was also the fastest-growing in terms of the polyurethanes in primary forms exports, with a CAGR of +3.6% from 2012 to 2021. Colombia (-2.2%) and Argentina (-16.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest polyurethanes supplier in MERCOSUR, comprising 91% of total exports. The second position in the ranking was taken by Colombia ($X), with a 3.3% share of total exports.

In Brazil, polyurethanes exports expanded at an average annual rate of +2.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Colombia (+2.4% per year) and Argentina (-15.1% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, increasing by 20% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum 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 Colombia ($X per ton), while Brazil ($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 (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Polyurethanes Imports

Imports in MERCOSUR

In 2021, after two years of decline, there was significant growth in supplies from abroad of polyurethanes in primary forms, when their volume increased by 19% to X tons. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil was the main importer of polyurethanes in primary forms in MERCOSUR, with the volume of imports finishing at X tons, which was near 46% of total imports in 2021. Colombia (X tons) held the second position in the ranking, followed by Argentina (X tons), Chile (X tons) and Peru (X tons). All these countries together took near 46% share of total imports. The following importers - Ecuador (X tons) and Uruguay (X tons) - each amounted to a 5.9% share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of polyurethanes in primary forms. At the same time, Colombia (+5.0%), Chile (+2.3%) and Peru (+1.1%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +5.0% from 2012-2021. Uruguay experienced a relatively flat trend pattern. By contrast, Argentina (-1.5%) and Ecuador (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia increased by +4.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported polyurethanes in primary forms in MERCOSUR, comprising 45% of total imports. The second position in the ranking was taken by Colombia ($X), with a 15% 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 was relatively modest. In the other countries, the average annual rates were as follows: Colombia (+4.5% per year) and Argentina (-2.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. 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 noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Peru ($X per ton) and Chile ($X per ton), while Argentina ($X per ton) and Uruguay ($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 (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform