MERCOSUR: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in MERCOSUR

The MERCOSUR ethylene polymer rigid pipes market rose markedly to $X in 2021, increasing by 7.3% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in MERCOSUR

In value terms, ethylene polymer rigid pipes production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in MERCOSUR

After three years of decline, overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene increased by 40% to X tons in 2021. In general, exports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 64% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. Over the period under review, exports, however, showed a pronounced decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile dominates exports structure, resulting at X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Brazil (X tons), achieving a 9.4% share of total exports. Argentina (X tons) took a relatively small share of total exports.

Chile experienced a relatively flat trend pattern with regard to volume of exports of rigid tubes, pipes and hoses of polymers of ethylene. At the same time, Brazil (+3.1%) and Argentina (+2.7%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +3.1% from 2012-2021. Chile (+4.4 p.p.) and Brazil (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest ethylene polymer rigid pipes supplier in MERCOSUR, comprising 82% of total exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile stood at -2.4%. In the other countries, the average annual rates were as follows: Brazil (+0.4% per year) and Argentina (-2.2% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, growing by 32% against the previous year. In general, the export price, however, recorded a mild setback. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in MERCOSUR

Ethylene polymer rigid pipes imports rose rapidly to X tons in 2021, increasing by 8.4% against 2020. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 33% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, ethylene polymer rigid pipes imports totaled $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Peru (X tons), distantly followed by Uruguay (X tons), Brazil (X tons), Argentina (X tons) and Chile (X tons) represented the major importers of rigid tubes, pipes and hoses of polymers of ethylene, together making up 87% of total imports. The following importers - Paraguay (X tons) and Colombia (X tons) - together made up 6.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Paraguay (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of ethylene in MERCOSUR, comprising 34% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Chile, with a 15% share.

In Peru, ethylene polymer rigid pipes imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+6.7% per year) and Chile (+12.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, surging by 4.9% against the previous year. Over the period under review, the import price, however, showed a mild decrease. The growth pace was the most rapid in 2018 when the import price increased by 5.6%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Chile ($X per ton), while Uruguay ($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 (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform