Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile - 2024

Contents:

  1. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile (CIF) - 2022
  2. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile (FOB) - 2024
  3. Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile
  4. Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile (CIF) - 2022

The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,789 per ton in 2022, picking up by 9.7% against the previous year. Over the period under review, the import price, however, saw a slight slump. The pace of growth appeared the most rapid in 2021 an increase of 11% against the previous year. The import price peaked at $4,177 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($4,912 per ton), while the price for Argentina ($2,961 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile (FOB) - 2024

In January 2024, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $1,940 per ton, which is down by -2.6% against the previous month. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in December 2023 when the average export price increased by 5% month-to-month. Over the period under review, the average export prices reached the maximum at $2,714 per ton in October 2023; however, from November 2023 to January 2024, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Bolivia ($4,101 per ton), while the average price for exports to Colombia ($243 per ton) was amongst the lowest.

From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile

In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) imported into Chile expanded modestly to 11K tons, picking up by 3.5% on the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded sharply to $40M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States8.75.86.66.8-7.9%
Brazil4.33.94.66.414.2%
China4.73.84.56.29.7%
Spain1.82.54.05.343.3%
Mexico3.22.12.13.0-2.1%
Germany2.32.23.22.98.0%
Colombia0.61.71.82.254.2%
Argentina2.01.21.40.8-26.3%
Others6.84.77.06.4-2.0%
Total34.527.935.240.05.1%

Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Chile in 2022:

  1. China (2.1K tons)
  2. United States (1.7K tons)
  3. Spain (1.4K tons)
  4. Brazil (1.3K tons)
  5. Mexico (0.8K tons)
  6. Germany (0.8K tons)
  7. Colombia (0.6K tons)
  8. Argentina (0.3K tons)

Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile

In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) exported from Chile soared to 6.5K tons, picking up by 26% on 2021. The total export volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) skyrocketed to $14M in 2022. The total export value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
MexicoN/A0.10.64.3555.7%
Peru2.52.31.93.28.6%
Argentina3.34.33.22.4-10.1%
Ecuador1.11.61.91.510.9%
Colombia0.20.20.20.644.2%
Bolivia1.41.10.70.5-29.1%
Uruguay0.20.40.40.535.7%
Costa Rica0.20.30.40.20.0%
Others1.41.21.51.1-7.7%
Total10.311.510.714.211.3%

Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Chile in 2022:

  1. Colombia (1616.6 tons)
  2. Peru (1160.1 tons)
  3. Mexico (1091.6 tons)
  4. Ecuador (918.4 tons)
  5. Argentina (625.9 tons)
  6. Uruguay (498.3 tons)
  7. Bolivia (142.2 tons)
  8. Costa Rica (130.0 tons)

Source: IndexBox Market Intelligence Platform

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