Puerto Rico: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Puerto Rico

In 2021, after three years of decline, there was growth in the Puerto Rican acrylic polymer market, when its value increased by 1.6% to $X. Overall, consumption continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Acrylic Polymer Production in Puerto Rico

In value terms, acrylic polymer production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Acrylic Polymer Exports

Exports from Puerto Rico

Acrylic polymer exports from Puerto Rico was estimated at less than X kg in 2021, approximately reflecting the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, acrylic polymer exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

South Korea (X tons), Germany (X tons), China (X tons), France (X tons), Turkey (X tons), Belgium (X tons), the United States (X tons), Japan (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Singapore (X tons) represented roughly 79% of total exports in 2021. The UK (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +20.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymer supplying countries from Puerto Rico were Germany ($X), South Korea ($X) and the United States ($X), together comprising 31% of total exports. China, France, Japan, Belgium, the Netherlands, Turkey, Taiwan (Chinese), the UK, Malaysia and Singapore lagged somewhat behind, together accounting for a further 50%.

In terms of the main exporting countries, Turkey, with a CAGR of +18.5%, recorded the highest rates of growth with regard to 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

The export price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.1%), while the other leaders experienced more modest paces of growth.

Acrylic Polymer Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of acrylic polymers (in primary forms) were imported into Puerto Rico; stabilizing at the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, acrylic polymer imports amounted to less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), distantly followed by Germany (X tons), Turkey (X tons) and the United States (X tons) were the main importers of acrylic polymers (in primary forms), together constituting 28% of total imports. Italy (X tons), Poland (X tons), India (X tons), France (X tons), Belgium (X tons), Canada (X tons), the Netherlands (X tons), Vietnam (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to acrylic polymer imports into China stood at +6.9%. At the same time, Vietnam (+17.0%), India (+16.9%), Turkey (+13.1%), the United States (+7.5%), Poland (+5.4%), Belgium (+4.5%), Canada (+4.3%), Italy (+3.8%), Russia (+3.5%), the Netherlands (+2.0%), Germany (+1.9%) and France (+1.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +17.0% from 2012-2021. From 2012 to 2021, the share of Turkey, India, China and Vietnam increased by +2.6, +2.1, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acrylic polymers (in primary forms) into Puerto Rico, comprising 14% of global imports. The second position in the ranking was held by the United States ($X), with a 6.1% share of global imports. It was followed by Germany, with a 5.9% share.

In China, acrylic polymer imports increased at an average annual rate of +5.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+5.1% per year) and Germany (+1.1% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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