Peru: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Peru

In 2021, the Peruvian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Peru

In 2021, overseas shipments of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2013 when exports increased by 31%. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep slump. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons), Bolivia (X tons) and Ecuador (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Peru, together comprising 69% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +124.7%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Bolivia ($X) and Colombia ($X) appeared to be the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Peru worldwide, with a combined 62% share of total exports. Guatemala, Mexico, Chile, Argentina, El Salvador and Brazil lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Guatemala, with a CAGR of +80.9%, saw the highest rates of growth with regard to 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

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, with an increase of 36% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by +86.3% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Brazil ($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 Argentina (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Peru

In 2021, after three years of decline, there was significant growth in purchases abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), when their volume increased by 13% to X tons. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 28% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Peru, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Peru, together accounting for 64% of total imports. These countries were followed by the UK, Brazil, Chile and Germany, which together accounted for a further 18%.

Chile, with a CAGR of +12.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, picking up by 8.7% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform