Report Update Nov 1, 2024

Peru - Phenolic Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Phenolic Resins Market 2024

Phenolic Resins Market Size in Peru

In 2021, the Peruvian phenolic resins market increased by 46% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption, however, saw a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Phenolic Resins Exports

Exports from Peru

In 2021, after two years of decline, there was significant growth in shipments abroad of phenolic resins in primary forms, when their volume increased by 22% to X tons. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 235%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, phenolic resins exports surged to $X in 2021. In general, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 175%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for phenolic resins exports from Peru, with a 98% share of total exports. It was followed by Chile (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +19.3%.

In value terms, Bolivia ($X) remains the key foreign market for phenolic resins in primary forms exports from Peru, comprising 96% of total exports. The second position in the ranking was held by Chile ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia stood at +19.0%.

Export Prices by Country

In 2021, the average phenolic resins export price amounted to $X per ton, with an increase of 38% against the previous year. Overall, the export price, however, showed a slight setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 Chile ($X per ton), while the average price for exports to Bolivia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.6%).

Phenolic Resins Imports

Imports into Peru

In 2021, supplies from abroad of phenolic resins in primary forms was finally on the rise to reach X tons after three years of decline. In general, imports, however, continue to indicate a slight reduction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, phenolic resins imports surged to $X in 2021. Over the period under review, imports, however, showed a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and China (X tons) were the main suppliers of phenolic resins imports to Peru, together comprising 68% of total imports. Colombia, Taiwan (Chinese), India, Turkey, Chile and Canada lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phenolic resins suppliers to Peru were the United States ($X), Brazil ($X) and Colombia ($X), with a combined 70% share of total imports. China, Taiwan (Chinese), India, Turkey, Chile and Canada lagged somewhat behind, together comprising a further 26%.

India, with a CAGR of +29.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phenolic resins import price stood at $X per ton in 2021, rising by 1.6% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 4%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Canada ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phenolic resins in primary forms in the world?

China remains the largest phenolic resins consuming country worldwide, comprising approx. 22% of total volume. Moreover, phenolic resins consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. The third position in this ranking was occupied by India, with a 8.2% share.

What are the largest producers of phenolic resins in primary forms in the world?

China constituted the country with the largest volume of phenolic resins production, accounting for 22% of total volume. Moreover, phenolic resins production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 8.6% share.

What are the leading suppliers of phenolic resins in primary forms to Peru?

In value terms, Brazil, the U.S. and Colombia appeared to be the largest phenolic resins suppliers to Peru, with a combined 74% share of total imports. China, Taiwan Chinese), India and Chile lagged somewhat behind, together accounting for a further 24%.

What are the leading importers of phenolic resins in primary forms from Peru?

In value terms, Bolivia remains the key foreign market for phenolic resins exports from Peru, comprising 74% of total exports. The second position in the ranking was occupied by Colombia, with a 19% share of total exports.

What is the average export price for phenolic resins in primary forms in Peru?

The average phenolic resins export price stood at $1,271 per ton in 2020, jumping by 28% against the previous year.

What is the average import price for phenolic resins in primary forms in Peru?

The average phenolic resins import price stood at $1,774 per ton in 2020, with a decrease of -6.2% against the previous year.

This report provides an in-depth analysis of the phenolic resins market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165650 - Phenolic resins, in primary forms

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023