MERCOSUR: Polyethylene Binder Market 2023

Polyethylene Binder Market Size in MERCOSUR

In 2022, the MERCOSUR polyethylene binder market increased by 0.8% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, saw a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polyethylene Binder Production in MERCOSUR

In value terms, polyethylene binder production shrank slightly to $X in 2022 estimated in export price. In general, production saw a pronounced shrinkage. The growth pace was the most rapid in 2016 with an increase of 6.3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polyethylene Binder Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was decline in shipments abroad of polyethylene or polypropylene binder or baler (agricultural) twines, when their volume decreased by -3.4% to X tons. Over the period under review, exports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of 13% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polyethylene binder exports shrank to $X in 2022. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of polyethylene or polypropylene binder or baler (agricultural) twines, namely Colombia, Peru and Paraguay, represented more than two-thirds of total export. Venezuela (X tons) and Ecuador (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Paraguay (with a CAGR of +154.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Peru ($X), Colombia ($X) and Paraguay ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 92% share of total exports.

Paraguay, with a CAGR of +88.5%, saw the highest growth rate of the value of exports, among the main exporting countries 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 MERCOSUR amounted to $X per ton, dropping by -2.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by 9.2%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Polyethylene Binder Imports

Imports in MERCOSUR

In 2022, approx. X tons of polyethylene or polypropylene binder or baler (agricultural) twines were imported in MERCOSUR; increasing by 5.2% against the previous year. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 25%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, polyethylene binder imports totaled $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Chile (X tons), distantly followed by Brazil (X tons), Ecuador (X tons) and Uruguay (X tons) represented the largest importers of polyethylene or polypropylene binder or baler (agricultural) twines, together achieving 85% of total imports. The following importers - Argentina (X tons), Colombia (X tons) and Venezuela (X tons) - together made up 9.7% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene binder importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Ecuador ($X), together accounting for 76% of total imports. Uruguay, Argentina, Colombia and Venezuela lagged somewhat behind, together accounting for a further 19%.

In terms of the main importing countries, Argentina, with a CAGR of +8.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, declining by -3.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 22%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Colombia ($X per ton), while Venezuela ($X per ton) and Brazil ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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