Latin America and the Caribbean: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Latin America and the Caribbean

The Latin American polyethylene glycol and polyether market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, showed a moderate increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Latin America and the Caribbean

In value terms, polyethylene glycol and polyether production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Latin America and the Caribbean

In 2022, the amount of polyethylene glycols and polyethers in primary forms exported in Latin America and the Caribbean dropped remarkably to X tons, shrinking by X% against the year before. Overall, exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports declined dramatically to $X in 2022. Over the period under review, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) and Mexico (X tons) prevails in exports structure, together committing X% of total exports. Brazil (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%). The following exporters - Panama (X tons), Costa Rica (X tons) and Venezuela (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X), Colombia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Argentina, Panama, Costa Rica and Venezuela lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, recorded 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced slightly in the following year.

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

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

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Latin America and the Caribbean

In 2022, the amount of polyethylene glycols and polyethers in primary forms imported in Latin America and the Caribbean dropped remarkably to X tons, reducing by X% on the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, polyethylene glycol and polyether imports contracted dramatically to $X in 2022. Total imports indicated a slight expansion 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 2020 indices. 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, and then dropped rapidly in the following year.

Imports by Country

Mexico was the largest importing country with an import of about X tons, which amounted to X% of total imports. Colombia (X tons) took the second position in the ranking, followed by Argentina (X tons), Brazil (X tons), Peru (X tons) and Chile (X tons). All these countries together held approx. X% share of total imports. Ecuador (X tons) took a little share of total imports.

Mexico was also the fastest-growing in terms of the polyethylene glycols and polyethers in primary forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%), Argentina (X%), Colombia (X%), Chile (X%) and Ecuador (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Argentina (X p.p.), Colombia (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported polyethylene glycols and polyethers in primary forms in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($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 Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced modestly in the following year.

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

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

Source: IndexBox Platform