Chile: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Chile

The Chilean polypropylene in primary forms market rose modestly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polypropylene in Primary Forms in Chile

In value terms, polypropylene in primary forms production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Polypropylene in primary forms production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Polypropylene in Primary Forms

Exports from Chile

For the third consecutive year, Chile recorded decline in overseas shipments of polypropylene in primary forms, which decreased by X% to X tons in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports shrank significantly to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Peru (X tons) was the main destination for polypropylene in primary forms exports from Chile, accounting for a X% share of total exports. Moreover, polypropylene in primary forms exports to Peru exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Argentina (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and Brazil ($X per ton), while the average price for exports to Paraguay ($X per ton) and Ecuador ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Chile

In 2022, approx. X tons of polypropylene in primary forms were imported into Chile; which is down by X% on 2021. In general, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms imports shrank to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest polypropylene in primary forms supplier to Chile, with a X% share of total imports. Moreover, polypropylene in primary forms imports from South Korea exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Argentina (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of polypropylene in primary forms to Chile, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and China (X% per year).

Import Prices by Country

The average polypropylene in primary forms import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform