Heterocyclic Compound Price in Brazil Drops 12% to $40.8 per kg

Brazil Heterocyclic Compound Import Price in February 2023

In February 2023, the heterocyclic compound price amounted to $40.8 per kg (CIF, Brazil), reducing by -12.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in March 2022 when the average import price increased by 37% month-to-month. As a result, import price reached the peak level of $47.2 per kg. From April 2022 to February 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($70.3 per kg), while the price for India ($23.4 per kg) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by France (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Brazil Heterocyclic Compound Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts ($14,681 per kg), while the price for heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts ($21.4 per kg) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts (+12.2%), while the prices for the other products experienced more modest paces of growth.

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Brazil Heterocyclic Compound Imports

In February 2023, purchases abroad of heterocyclic compounds increased by 23% to 2.7K tons for the first time since November 2022, thus ending a two-month declining trend. In general, imports recorded a noticeable expansion. The growth pace was the most rapid in May 2022 with an increase of 71% against the previous month. Over the period under review, imports attained the maximum at 4.7K tons in September 2022; however, from October 2022 to February 2023, imports failed to regain momentum.

In value terms, heterocyclic compound imports rose notably to $110M (IndexBox estimates) in February 2023. Overall, imports enjoyed a moderate expansion. The growth pace was the most rapid in May 2022 with an increase of 95% month-to-month. As a result, imports attained the peak of $170M. From June 2022 to February 2023, the growth of imports failed to regain momentum.

Brazil Heterocyclic Compound Imports by Type

In February 2023, heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts (2.7K tons) was the main type of heterocyclic compound supplied to Brazil, with a 100% share of total imports. It was followed by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts (1.4 tons), with a 0.1% share of total imports.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts stood at +2.9%. With regard to the other supplied products, the following average monthly rates of growth were recorded: heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts (-2.7% per month) and heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts (-14.2% per month).

In value terms, heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts ($110M) constituted the largest type of heterocyclic compound supplied to Brazil, comprising 100% of total imports. The second position in the ranking was held by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts ($297K), with a 0.3% share of total imports.

Brazil Heterocyclic Compound Imports by Country

China (1.2K tons), India (597 tons) and the United States (403 tons) were the main suppliers of heterocyclic compound imports to Brazil, with a combined 81% share of total imports. France, Japan, Israel and Germany lagged somewhat behind, together accounting for a further 17%.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +21.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($57M) constituted the largest supplier of heterocyclic compound to Brazil, comprising 52% of total imports. The second position in the ranking was taken by India ($14M), with a 13% share of total imports. It was followed by the United States, with a 12% share.

From February 2022 to February 2023, the average monthly growth rate of value from China amounted to +6.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+5.7% per month) and the United States (-1.8% per month).

Price Drop in Heterocyclic Compound Prices in Brazil

The price of heterocyclic compounds in Brazil has experienced a drop of 12% to $40.8 per kg. This sharp reduction in price is likely due to increased global competition, as well as increased local production of the compound. The drop in price has put Brazilian companies at a competitive advantage, as their cost of production and purchase of the compound is lower when compared to international suppliers. This could lead to greater profits for the Brazilian companies that are dealing in the compound, while also making it cheaper and more affordable for customers to acquire the chemical. It appears that the market forces are in favor of both Brazilian companies, and buyers as the prices continue to drop.

Source: IndexBox Market Intelligence Platform