MERCOSUR: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in MERCOSUR

After two years of growth, the MERCOSUR polyethylene in primary forms market decreased by X% to $X in 2022. Overall, consumption continues to indicate a noticeable slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in MERCOSUR

In value terms, polyethylene in primary forms production totaled $X in 2022 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports in MERCOSUR

In 2022, after five years of decline, there was significant growth in shipments abroad of polyethylene in primary forms, when their volume increased by X% to X tons. In general, exports, however, recorded a noticeable downturn. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports soared to $X in 2022. Overall, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Argentina (X tons), mixing up an X% share of total exports. Colombia (X tons) held a minor share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Argentina increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest polyethylene in primary forms supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polyethylene in Primary Forms

Imports in MERCOSUR

In 2022, supplies from abroad of polyethylene in primary forms decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, polyethylene in primary forms imports reached $X in 2022. Total imports indicated temperate 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 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Brazil was the key importer of polyethylene in primary forms in MERCOSUR, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Colombia (X tons) ranks second in terms of the total imports with a X% share, followed by Chile (X%), Peru (X%), Argentina (X%) and Ecuador (X%). Paraguay (X tons) held a relatively small share of total imports.

Brazil was also the fastest-growing in terms of the polyethylene in primary forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%), Paraguay (X%), Ecuador (X%) and Peru (X%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported polyethylene in primary forms in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Paraguay ($X per ton), while Chile ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform