Peru: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in Peru

The Peruvian polyethylene binder market contracted modestly to $X in 2022, with a decrease of -4.5% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the market value increased by 9.8% against the previous year. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Polyethylene Binder Production in Peru

In value terms, polyethylene binder production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 6.7% against the previous year. Polyethylene binder production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polyethylene Binder Exports

Exports from Peru

In 2022, approx. X tons of polyethylene or polypropylene binder or baler (agricultural) twines were exported from Peru; increasing by 29% compared with the previous year. In general, exports, however, recorded a abrupt downturn. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyethylene binder exports soared to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for polyethylene binder exports from Peru, with a 76% share of total exports. Moreover, polyethylene binder exports to Ecuador exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. The third position in this ranking was held by Colombia (X tons), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-16.5% per year) and Colombia (-3.2% per year).

In value terms, Ecuador ($X) remains the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Peru, comprising 76% of total exports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total exports. It was followed by Colombia, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador amounted to -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-16.2% per year) and Colombia (-0.3% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, with a decrease of -8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($X per ton) and Ecuador ($X per ton), while the average price for exports to Mexico ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Peru

In 2022, polyethylene binder imports into Peru skyrocketed to X tons, picking up by 34% compared with the previous year's figure. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 161% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, polyethylene binder imports soared to $X in 2022. Overall, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 111% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ecuador (X tons), China (X tons) and the United States (X tons) were the main suppliers of polyethylene binder imports to Peru, together comprising 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +16.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Peru, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 27% share of total imports. It was followed by the United States, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and the United States (-9.2% per year).

Import Prices by Country

In 2022, the average polyethylene binder import price amounted to $X per ton, with a decrease of -2.3% against the previous year. Overall, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 112% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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