Brazil: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Brazil

The Brazilian acrylic polymer market rose notably to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2023.

Acrylic Polymer Production in Brazil

In value terms, acrylic polymer production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Acrylic polymer production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Acrylic Polymer Exports

Exports from Brazil

After two years of growth, overseas shipments of acrylic polymers (in primary forms) decreased by X% to X tons in 2023. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then dropped markedly in the following year.

In value terms, acrylic polymer exports fell markedly to $X in 2023. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Argentina (X tons) was the main destination for acrylic polymer exports from Brazil, with a X% share of total exports. Moreover, acrylic polymer exports to Argentina exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. Chile (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Chile (X% per year).

In value terms, Argentina ($X) remains the key foreign market for acrylic polymers (in primary forms) exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

In 2023, the average acrylic polymer export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Polymer Imports

Imports into Brazil

In 2023, acrylic polymer imports into Brazil surged to X tons, growing by X% compared with 2022. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, acrylic polymer imports reached $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of acrylic polymer imports to Brazil, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the United States ($X) were the largest acrylic polymer suppliers to Brazil, together comprising X% of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 acrylic polymer import price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform