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 2023, leveling off at the previous year. Over the period under review, consumption, however, saw a perceptible contraction. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

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

In value terms, polyethylene glycol and polyether production amounted to $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Latin America and the Caribbean

Polyethylene glycol and polyether exports surged to X tons in 2023, picking up by X% on the year before. Overall, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt decline. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Colombia represented the largest exporter of polyethylene glycols and polyethers in primary forms in Latin America and the Caribbean, with the volume of exports recording X tons, which was near X% of total exports in 2023. Argentina (X tons) held the second position in the ranking, distantly followed by Panama (X tons) and Costa Rica (X tons). All these countries together took approx. X% share of total exports. The following exporters - Venezuela (X tons) and the Dominican Republic (X tons) - together made up X% of total exports.

Exports from Colombia increased at an average annual rate of X% from 2012 to 2023. At the same time, Costa Rica (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Panama experienced a relatively flat trend pattern. By contrast, Venezuela (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Colombia, Costa Rica, Panama, Venezuela and the Dominican Republic increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest polyethylene glycol and polyether supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Colombia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Panama (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, declining by X% against the previous year. Export price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced 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 2023, the most notable rate of growth in terms of prices was attained by Panama (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 2023, imports of polyethylene glycols and polyethers in primary forms in Latin America and the Caribbean fell slightly to X tons, declining by X% on 2022 figures. In general, imports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene glycol and polyether imports declined modestly to $X in 2023. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Colombia (X tons), distantly followed by Argentina (X tons), Peru (X tons), Ecuador (X tons) and the Dominican Republic (X tons) were the major importers of polyethylene glycols and polyethers in primary forms, together achieving X% of total imports. El Salvador (X tons), Panama (X tons) and Costa Rica (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Argentina ($X) and Peru ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Ecuador, the Dominican Republic, El Salvador, Panama and Costa Rica lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, flattening at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Costa Rica ($X per ton) and El Salvador ($X per ton), while Colombia ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform