Puerto Rico: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Puerto Rico

The Puerto Rican market for polyethylene with a specific gravity of less than X, in primary forms totaled less than $X in 2021, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Puerto Rico

In 2021, approx. less than X kg of polyethylene with a specific gravity of less than X, in primary forms were exported from Puerto Rico; stabilizing at 2020. Overall, exports saw a relatively flat trend pattern.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Saudi Arabia (X tons), distantly followed by the United States (X tons), Belgium (X tons), Singapore (X tons), the Netherlands (X tons) and Iran (X tons) were the key exporters of polyethylene with a specific gravity of less than X, in primary forms, together creating 54% of total exports. The following exporters - the United Arab Emirates (X tons), Thailand (X tons), Germany (X tons), South Korea (X tons), Malaysia (X tons), France (X tons) and Spain (X tons) - together made up 23% of total exports.

Exports from Saudi Arabia increased at an average annual rate of +2.5% from 2012 to 2021. At the same time, the United Arab Emirates (+12.6%), Spain (+5.6%), the United States (+5.3%), Iran (+4.0%), Malaysia (+3.7%), Belgium (+2.5%), Singapore (+2.0%) and the Netherlands (+1.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.6% from 2012-2021. South Korea and France experienced a relatively flat trend pattern. By contrast, Germany (-1.7%) and Thailand (-2.3%) illustrated a downward trend over the same period. While the share of the United States (+2.4 p.p.) and the United Arab Emirates (+2.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.6 p.p.) and Thailand (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyethylene with a specific gravity of less than X supplying countries from Puerto Rico were Saudi Arabia ($X), the United States ($X) and Belgium ($X), together accounting for 36% of total exports. The Netherlands, Singapore, Germany, Iran, the United Arab Emirates, South Korea, Thailand, France, Spain and Malaysia lagged somewhat behind, together accounting for a further 39%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +13.9%, saw 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

In 2021, the export price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Saudi Arabia ($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 (+1.2%), while the other leaders experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Puerto Rico

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported into Puerto Rico stood at less than X kg, approximately equating the previous year. Overall, imports showed a relatively flat trend pattern.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms stood at less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), distantly followed by Turkey (X tons) and Germany (X tons) were the largest importers of polyethylene with a specific gravity of less than X, in primary forms, together mixing up 24% of total imports. Belgium (X tons), Italy (X tons), Singapore (X tons), Vietnam (X tons), India (X tons), Poland (X tons), the United States (X tons), Mexico (X tons), France (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polyethylene with a specific gravity of less than X imports into China stood at +7.7%. At the same time, Vietnam (+8.2%), Turkey (+7.7%), the United States (+5.7%), Mexico (+5.2%), Poland (+4.0%), Italy (+2.0%) and the Netherlands (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +8.2% from 2012-2021. Singapore experienced a relatively flat trend pattern. By contrast, Germany (-1.5%), France (-1.6%), Belgium (-1.9%) and India (-2.0%) illustrated a downward trend over the same period. China (+5.1 p.p.), Turkey (+1.8 p.p.) and Vietnam (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Belgium and Germany saw its share reduced by -1.9% and -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms into Puerto Rico, comprising 13% of global imports. The second position in the ranking was held by Germany ($X), with a 6% share of global imports. It was followed by Turkey, with a 4.8% share.

In China, imports of polyethylene with a specific gravity of less than X, in primary forms 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: Germany (-0.4% per year) and Turkey (+6.2% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining constant against the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while Singapore ($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 United States (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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