Paraguay: 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 Paraguay

The Paraguayan market for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to less than $X in 2022, remaining stable against the previous year. Overall, consumption showed a deep contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. In general, production, however, saw measured growth. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Paraguay

In 2016, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Paraguay reached X tons, picking up by 7.5% against 2015 figures. Overall, exports, however, recorded a mild slump. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped to $X in 2016. In general, exports, however, faced a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 7.2%. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Paraguay, accounting for a 74% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Brazil exceeded the volume sent to the second major destination, Chile (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2016, the average annual growth rate of volume to Brazil amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-5.2% per year) and the United States (+166.5% per year).

In value terms, Brazil ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Paraguay, comprising 71% of total exports. The second position in the ranking was taken by Chile ($X), with a 19% share of total exports. It was followed by the United States, with an 8.5% share.

From 2012 to 2016, the average annual growth rate of value to Brazil stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-16.5% per year) and the United States (+194.7% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, which is down by -12.3% against the previous year. In general, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 5.6%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2016, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Chile ($X per ton), while the average price for exports to Brazil ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.5%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Paraguay

For the third consecutive year, Paraguay recorded growth in overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms, which increased by 13% to X tons in 2016. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by 160% against the previous year. Imports peaked in 2016 and are expected to retain growth in the near future.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $X in 2016. Overall, imports recorded a perceptible increase. The growth pace was the most rapid in 2015 with an increase of 109% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2016, China (X tons) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier to Paraguay, accounting for a 54% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Oman (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from China stood at +71.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+71.5% per year) and Oman (+39,807.1% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Paraguay, comprising 53% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports. It was followed by Oman, with a 16% share.

From 2012 to 2016, the average annual growth rate of value from China totaled +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+49.0% per year) and Oman (+37,884.4% per year).

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, declining by -17.2% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -2.7%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2016, amid the top importers, the highest price was recorded for prices from Argentina ($X per ton) and Mexico ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Brazil (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform