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During the 2015 to 2017 period an additional 16 to 18 PE production lines are expected to start up in the United States and Canada with a cumulative total over 6,800 kt/yr. This supply will exceed the local demand and much will necessarily have to be exported. Areas being targeted are Asia, and somewhat lightly Latin America. Achieving substantial sales in Latin America will not be a trivial undertaking.
Latin America is far from being a single, monolithic market; there are many markets in Latin America. Some are virtually self sufficient regions or countries, while others import all their plastic resin needs. Some areas source their imports from the U.S.; while others supplement them with regional or Asian imports; and the rest purchase regionally, and from the Middle East and the rest of Asia. Many markets have sophisticated applications, many of which are virtually unknown in the U.S. and Canadian markets. Nonetheless, there are interesting opportunities for U.S. and Canadian importers that are willing to understand the markets.