Latin America and the Caribbean: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Latin America and the Caribbean

The Latin American polyethylene glycol and polyether market skyrocketed to $X in 2021, increasing by 27% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Latin America and the Caribbean

In value terms, polyethylene glycol and polyether production rose remarkably to $X in 2021 estimated in export price. In general, production, however, showed a slight downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Latin America and the Caribbean

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms increased by 15% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 38%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of polyethylene glycols and polyethers in primary forms, namely Colombia, Mexico and Brazil, represented more than two-thirds of total export. The following exporters - Panama (X tons) and Argentina (X tons) - each accounted for a 4.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +14.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether supplying countries in Latin America and the Caribbean were Colombia ($X), Mexico ($X) and Brazil ($X), together comprising 91% of total exports.

Among the main exporting countries, Colombia, with a CAGR of +16.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by 43% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Latin America and the Caribbean

After three years of decline, purchases abroad of polyethylene glycols and polyethers in primary forms increased by 42% to X tons in 2021. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons) and Brazil (X tons) represented the key importers of polyethylene glycols and polyethers in primary forms in Latin America and the Caribbean, together recording near 68% of total imports. Colombia (X tons) took a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by Peru (4.8%). Argentina (X tons), Chile (X tons) and Ecuador (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mexico (with a CAGR of +5.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 75% of total imports. Argentina, Peru, Chile and Ecuador lagged somewhat behind, together comprising a further 16%.

Peru, with a CAGR of +7.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Argentina ($X per ton) and Brazil ($X per ton), while Colombia ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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