Peru: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Peru

The Peruvian market for unsaturated polyesters in primary forms skyrocketed to $X in 2021, surging by 59% 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 a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 decreased by -11.6% against 2019 indices. Unsaturated polyesters in primary forms consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Peru

In 2021, overseas shipments of unsaturated polyesters in primary forms increased by 14% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 401%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports rose remarkably to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 331%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for unsaturated polyesters in primary forms exports from Peru, with a 77% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Ecuador exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. The third position in this ranking was held by Bolivia (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+48.6% per year) and Bolivia (-9.3% per year).

In value terms, Ecuador ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Peru, comprising 75% of total exports. The second position in the ranking was taken by Colombia ($X), with a 17% share of total exports. It was followed by Bolivia, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+35.3% per year) and Bolivia (-1.6% per year).

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, falling by -5.1% against the previous year. Over the period under review, the export price saw a slight decrease. The growth pace was the most rapid in 2017 when the average export price increased by 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to the United States ($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 Bolivia (+8.6%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Peru

In 2021, unsaturated polyesters in primary forms imports into Peru surged to X tons, with an increase of 35% against the previous year. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.9% against 2019 indices. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 decreased by -8.7% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Colombia (X tons), Mexico (X tons) and Chile (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Peru, with a combined 52% share of total imports. These countries were followed by China, Poland, Turkey, Taiwan (Chinese), Brazil and the United States, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +123.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unsaturated polyesters in primary forms suppliers to Peru were Colombia ($X), Chile ($X) and Mexico ($X), together comprising 56% of total imports. These countries were followed by Poland, China, Turkey, Taiwan (Chinese), Brazil and the United States, which together accounted for a further 30%.

Poland, with a CAGR of +61.1%, saw the highest rates of growth with regard to the value of imports, among 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 import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, increasing by 21% against the previous year. Overall, the import price, however, 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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