Peru: Natural Polymers Market 2024

Natural Polymers Market Size in Peru

The Peruvian natural polymers market soared to $X in 2021, growing by 91% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Natural Polymers Exports

Exports from Peru

In 2021, shipments abroad of natural and modified natural polymers in primary forms increased by 76% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 386% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, natural polymers exports surged to $X in 2021. Overall, exports saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 529%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Free Zones (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of natural polymers exports from Peru, together accounting for 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +35.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Peru, comprising 62% of total exports. The second position in the ranking was held by Ecuador ($X), with a 23% share of total exports. It was followed by Chile, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Free Zones totaled +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+40.0% per year) and Chile (+28.5% per year).

Export Prices by Country

The average natural polymers export price stood at $X per ton in 2021, falling by -8.8% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural polymers export price increased by +61.5% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Bolivia ($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 Free Zones (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Peru

In 2021, the amount of natural and modified natural polymers in primary forms imported into Peru soared to X tons, increasing by 99% compared with the previous year. Overall, imports continue to indicate a buoyant expansion. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, natural polymers imports soared to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.9% against 2019 indices. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Austria (X tons) were the main suppliers of natural polymers imports to Peru, together comprising 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +47.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Austria ($X) constituted the largest natural polymers suppliers to Peru, together comprising 83% of total imports.

In terms of the main suppliers, Austria, with a CAGR of +49.3%, saw the highest rates of growth with regard to the value of imports, 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 natural polymers import price amounted to $X per ton, shrinking by -10.2% against the previous year. Overall, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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