Latin America and the Caribbean: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Latin America and the Caribbean

The Latin American market for unsaturated polyesters in primary forms dropped slightly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in Latin America and the Caribbean

In value terms, unsaturated polyesters in primary forms production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed slight growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports in Latin America and the Caribbean

In 2022, shipments abroad of unsaturated polyesters in primary forms increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2022. In general, exports continue to indicate a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) and Colombia (X tons) represented roughly X% of total exports in 2022. Brazil (X tons) took the next position in the ranking, distantly followed by Chile (X tons) and Argentina (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest unsaturated polyesters in primary forms supplying countries in Latin America and the Caribbean were Mexico ($X), Colombia ($X) and Brazil ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unsaturated polyesters in primary forms export price increased by X% against 2020 indices. As a result, the export price reached 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 Mexico ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Imports of Unsaturated Polyesters In Primary Forms

Imports in Latin America and the Caribbean

After three years of growth, supplies from abroad of unsaturated polyesters in primary forms decreased by X% to X tons in 2022. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. 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 in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. Chile (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%). Brazil (X tons), Guatemala (X tons), Ecuador (X tons), Peru (X tons), Costa Rica (X tons) and Paraguay (X tons) held a relatively small share of total imports.

Mexico was also the fastest-growing in terms of the unsaturated polyesters in primary forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Costa Rica (X%), Guatemala (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Paraguay and Colombia experienced a relatively flat trend pattern. By contrast, Ecuador (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.), Colombia (X p.p.), Ecuador (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported unsaturated polyesters in primary forms in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, unsaturated polyesters in primary forms imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform