Peru: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Peru

The Peruvian polyethylene in primary forms market surged to $X in 2021, growing by 37% 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). The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from Peru

In 2021, the amount of polyethylene in primary forms exported from Peru soared to X tons, rising by 37% against 2020 figures. In general, exports showed measured growth. The pace of growth was the most pronounced in 2019 with an increase of 140%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Overall, exports showed tangible growth. The growth pace was the most rapid in 2019 when exports increased by 130%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for polyethylene in primary forms exports from Peru, with a 39% share of total exports. Moreover, polyethylene in primary forms exports to Colombia exceeded the volume sent to the second major destination, Free Zones (X tons), twofold. Ecuador (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia amounted to +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+14.9% per year) and Ecuador (-12.0% per year).

In value terms, Colombia ($X) remains the key foreign market for polyethylene in primary forms exports from Peru, comprising 66% of total exports. The second position in the ranking was held by Chile ($X), with an 8.6% share of total exports. It was followed by Free Zones, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Colombia totaled +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-7.0% per year) and Free Zones (-0.2% per year).

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, rising by 8.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 9.4% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Free Zones ($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 El Salvador (+83.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Peru

In 2021, approx. X tons of polyethylene in primary forms were imported into Peru; stabilizing at the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 25%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 +107.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest polyethylene in primary forms supplier to Peru, with a 40% share of total imports. Moreover, polyethylene in primary forms imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was held by Saudi Arabia (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.3% per year) and Saudi Arabia (+2.3% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene in primary forms to Peru, comprising 38% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+6.6% per year) and Saudi Arabia (+3.8% per year).

Import Prices by Country

The average polyethylene in primary forms import price stood at $X per ton in 2021, surging by 67% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for the United Arab Emirates ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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