Market for Polyethylene In Primary Forms in Latin America and the Caribbean
In value terms, polyethylene in primary forms production contracted slightly to $ in estimated in export price. Overall, production showed a mild decline. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. As a result, production reached the peak level of $. From 2009 to , production growth remained at a somewhat lower figure.
Brazil ( tons) constituted the country with the largest volume of polyethylene in primary forms production, comprising approx. % of total volume. Moreover, polyethylene in primary forms production in Brazil exceeded the figures recorded by the second-largest producer, Mexico ( tons), twofold.
In Brazil, polyethylene in primary forms production shrank by an average annual rate of -% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+% per year) and Venezuela (-% per year).
The size of the polyethylene in primary forms market in Latin America and the Caribbean soared to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
From 2007 to , the biggest increases were in the Dominican Republic (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, the largest polyethylene in primary forms markets in Latin America and the Caribbean were Mexico ($), Brazil ($) and Chile ($), together accounting for % of the total market. These countries were followed by Colombia, Argentina, Venezuela, Peru, Guatemala, Ecuador and the Dominican Republic, which together accounted for a further %.
The Dominican Republic, with a CAGR of +%, saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of polyethylene in primary forms per capita consumption in were Chile ( kg per person), Mexico ( kg per person) and Venezuela ( kg per person).
From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Dominican Republic (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.