Puerto Rico: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Puerto Rico

In 2021, the Puerto Rican market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 1.7% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Puerto Rico consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Puerto Rico

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) contracted to $X in 2021 estimated in export price. In general, production recorded a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Puerto Rico

Exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Puerto Rico amounted to less than X kg in 2021, approximately equating 2020. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

The biggest shipments were from Germany (X tons), South Korea (X tons), China (X tons), France (X tons), Belgium (X tons), the United States (X tons), Japan (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons), Turkey (X tons), Malaysia (X tons) and the UK (X tons), together recording 82% of total export. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +20.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 33% share of total exports. These countries were followed by France, China, Japan, Belgium, the Netherlands, Taiwan (Chinese), the UK, Malaysia, Turkey and Singapore, which together accounted for a further 51%.

Malaysia, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Puerto Rico amounted to less than $X per ton, stabilizing at the previous year. Over the period under review, the export price saw 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 (+1.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Puerto Rico

In 2021, approx. less than X kg of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were imported into Puerto Rico; standing approx. at 2020. In general, imports saw a relatively flat trend pattern.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), followed by Germany (X tons) and the United States (X tons) represented the main importers of acrylic polymers, in primary forms (excluding polymethyl methacrylate), together constituting 22% of total imports. Italy (X tons), Poland (X tons), France (X tons), India (X tons), Belgium (X tons), Canada (X tons), the Netherlands (X tons), Turkey (X tons), Russia (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +16.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Puerto Rico, comprising 13% of global imports. The second position in the ranking was held by the United States ($X), with a 6.6% share of global imports. It was followed by Germany, with a 6.3% share.

In China, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased at an average annual rate of +7.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+5.4% per year) and Germany (+1.0% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately mirroring the previous year. Overall, the import price showed a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the United States ($X per ton) and China ($X per ton), while Turkey ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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