Peru: Abs Copolymers Market 2024

Abs Copolymers Market Size in Peru

In 2021, the Peruvian ABS copolymers market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption, however, saw a mild decrease. Consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Abs Copolymers Exports

Exports from Peru

In 2021, shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 317% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ABS copolymers exports skyrocketed to $X in 2021. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 179% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for ABS copolymers exports from Peru, accounting for a 70% share of total exports. Moreover, ABS copolymers exports to Ecuador exceeded the volume sent to the second major destination, Malaysia (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Ecuador totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Bolivia (-25.2% per year).

In value terms, Ecuador ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Peru, comprising 65% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Bolivia (-25.8% per year).

Export Prices by Country

In 2021, the average ABS copolymers export price amounted to $X per ton, growing by 4.5% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ABS copolymers export price increased by +112.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-0.8%).

Abs Copolymers Imports

Imports into Peru

In 2021, supplies from abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, recorded a perceptible shrinkage. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, ABS copolymers imports surged to $X in 2021. Overall, imports, however, recorded a slight downturn. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest ABS copolymers supplier to Peru, with a 37% share of total imports. Moreover, ABS copolymers imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.0% per year) and Saudi Arabia (+402.3% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms to Peru, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.6% per year) and Saudi Arabia (+670.0% per year).

Import Prices by Country

In 2021, the average ABS copolymers import price amounted to $X per ton, growing by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+53.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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