Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil - 2024

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil (CIF) - 2024
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil (CIF) - 2024

In January 2024, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $122K per ton, shrinking by -44.7% against the previous month. Over the period under review, the import price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in December 2023 an increase of 236% m-o-m. As a result, import price reached the peak level of $221K per ton, and then contracted dramatically in the following month.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Poland ($775K per ton), while the price for the Philippines ($59,150 per ton) was amongst the lowest.

From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Poland (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $101,900 per ton in 2022, growing by 62% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 276%. The export price peaked at $124,120 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($130,012 per ton), while the average price for exports to Chile ($18,710 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil

In 2022, imports of balances; of a sensitivity of 5cg or better, with or without weightses into Brazil soared to 70 tons, growing by 26% compared with 2021. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $5.7M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Brazil in 2022:

1. China (35.2 tons)
2. Philippines (23.7 tons)
3. Germany (4.9 tons)
4. Poland (2.5 tons)
5. Switzerland (1.6 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Brazil

In 2022, overseas shipments of balances; of a sensitivity of 5cg or better, with or without weightses were finally on the rise to reach 1.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses soared to $114K in 2022. Over the period under review, exports enjoyed a tangible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Brazil in 2022:

1. Angola (351.0 kg)
2. Chile (276.0 kg)
3. Paraguay (157.0 kg)
4. United States (110.0 kg)
5. Germany (98.0 kg)
6. Colombia (87.0 kg)
7. Bolivia (82.0 kg)
8. Nigeria (71.0 kg)
9. Netherlands (43.0 kg)
10. Uruguay (43.0 kg)
11. Peru (36.0 kg)

Source: IndexBox Market Intelligence Platform