Peru: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Peru

The Peruvian market for polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021, picking up by 40% 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). Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.2% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Peru

Exports of polyethylene with a specific gravity of less than X, in primary forms from Peru soared to X tons in 2021, with an increase of 56% compared with the previous year's figure. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 501% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 369% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Colombia (X tons), Free Zones (X tons) and Chile (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Peru, together comprising 78% 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 Colombia (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Peru, comprising 72% of total exports. The second position in the ranking was held by Chile ($X), with an 8.9% share of total exports. It was followed by Free Zones, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia stood at +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-14.6% per year) and Free Zones (-6.9% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, declining by -15.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 41% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Brazil ($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 Venezuela (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Peru

Imports of polyethylene with a specific gravity of less than X, in primary forms into Peru expanded modestly to X tons in 2021, with an increase of 2.6% against the previous year. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +139.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and Brazil (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Peru, together comprising 61% of total imports. These countries were followed by Mexico, Qatar, South Korea, Argentina and Canada, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Saudi Arabia ($X) and Brazil ($X) appeared to be the largest polyethylene with a specific gravity of less than X suppliers to Peru, together accounting for 60% of total imports. These countries were followed by Mexico, Qatar, South Korea, Canada and Argentina, which together accounted for a further 27%.

In terms of the main suppliers, Mexico, with a CAGR of +20.9%, recorded 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

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, rising by 66% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and Brazil ($X per ton), while the price for Argentina ($X per ton) and Canada ($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 (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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