Peru: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Peru

The Peruvian polyethylene glycol and polyether market skyrocketed to $X in 2021, surging by 55% 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). In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +103.0% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Peru

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms increased by 19% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,571% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene glycol and polyether exports expanded significantly to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,396%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Panama (X tons), Bolivia (X tons) and Chile (X tons) were the main destinations of polyethylene glycol and polyether exports from Peru, with a combined 88% share 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 Chile (with a CAGR of +180.4%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Panama ($X) and Chile ($X) appeared to be the largest markets for polyethylene glycol and polyether exported from Peru worldwide, together comprising 87% of total exports.

Among the main countries of destination, Chile, with a CAGR of +192.2%, saw the highest growth rate of 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 polyethylene glycol and polyether export price amounted to $X per ton, reducing by -11% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Chile ($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 Panama (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Peru

For the fourth consecutive year, Peru recorded growth in purchases abroad of polyethylene glycols and polyethers in primary forms, which increased by 16% to X tons in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of polyethylene glycol and polyether to Peru, accounting for a 54% share of total imports. Moreover, polyethylene glycol and polyether imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and South Korea (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Peru, comprising 55% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by South Korea, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and South Korea (-2.2% per year).

Import Prices by Country

In 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, increasing by 50% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyethylene glycol and polyether import price increased by +76.9% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and China ($X per ton), while the price for Thailand ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+98.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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