Paraguay: Polyethylene Market 2024

Polyethylene Market Size in Paraguay

After two years of growth, the Paraguayan polyethylene market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Polyethylene consumption peaked at $X in 2022, and then fell sharply in the following year.

Polyethylene Exports

Exports from Paraguay

In 2023, polyethylene exports from Paraguay surged to X tons, picking up by X% against 2022 figures. In general, exports saw mild growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, polyethylene exports surged to $X in 2023. Overall, exports, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for polyethylene exports from Paraguay, with a X% share of total exports. Moreover, polyethylene exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), twofold. The third position in this ranking was held by Bolivia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Bolivia (X% per year).

In value terms, Argentina ($X) emerged as the key foreign market for primary polyethylene with a specific gravity of over X exports from Paraguay, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

The average polyethylene export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced a decline.

Polyethylene Imports

Imports into Paraguay

In 2023, the amount of primary polyethylene with a specific gravity of over X imported into Paraguay shrank to X tons, waning by X% on 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, polyethylene imports contracted significantly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then declined sharply in the following year.

Imports by Country

Brazil (X tons), the United States (X tons) and Argentina (X tons) were the main suppliers of polyethylene imports to Paraguay, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Argentina ($X) were the largest polyethylene suppliers to Paraguay, with a combined X% share of total imports.

Argentina, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average polyethylene import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($X per ton) and South Korea ($X per ton), while the price for Argentina ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform