Chile: Natural Polymers Market 2024

Natural Polymers Market Size in Chile

In 2023, the Chilean natural polymers market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a perceptible slump. Natural polymers consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Natural Polymers Production in Chile

In value terms, natural polymers production shrank slightly to $X in 2023 estimated in export price. In general, production continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Natural Polymers Exports

Exports from Chile

In 2023, approx. X tons of natural and modified natural polymers in primary forms were exported from Chile; picking up by X% against the previous year. In general, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports declined modestly to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Japan (X tons) was the main destination for natural polymers exports from Chile, with a X% share of total exports. Moreover, natural polymers exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, Japan ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Chile, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average natural polymers export price amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Argentina ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Chile

For the fourth consecutive year, Chile recorded growth in purchases abroad of natural and modified natural polymers in primary forms, which increased by X% to X tons in 2023. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, natural polymers imports rose to $X in 2023. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of natural polymers imports to Chile, together accounting for X% of total imports.

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

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Austria (X% per year).

Import Prices by Country

In 2023, the average natural polymers import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform