Nitrile-Function Compounds Price in Brazil - 2023

Contents:

1. Nitrile-Function Compounds Price in Brazil (CIF) - 2023
2. Nitrile-Function Compounds Price in Brazil (FOB) - 2022
3. Nitrile-Function Compounds Imports in Brazil
4. Nitrile-Function Compounds Exports in Brazil

Nitrile-Function Compounds Price in Brazil (CIF) - 2023

The average nitrile-function compounds import price stood at $6,551 per ton in October 2023, increasing by 71% against the previous month. Over the period under review, the import price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in March 2023 an increase of 261% against the previous month. As a result, import price attained the peak level of $28,360 per ton. From April 2023 to October 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($45,111 per ton), while the price for the United States ($2,038 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the prices for the other major suppliers experienced a decline.

Nitrile-Function Compounds Price in Brazil (FOB) - 2022

In 2022, the average nitrile-function compounds export price amounted to $1,912 per ton, which is down by -10.9% against the previous year. Overall, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2021 an increase of 92% against the previous year. The export price peaked at $2,958 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,975 per ton), while the average price for exports to Turkey ($1,567 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 China (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrile-Function Compounds Imports in Brazil

Nitrile-function compounds imports into Brazil rose rapidly to 69K tons in 2022, with an increase of 13% against 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nitrile-function compounds imports skyrocketed to $493M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 25%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Nitrile-Function Compounds to Brazil in 2022:

1. China (43.1K tons)
2. United States (9.9K tons)
3. France (9.1K tons)
4. India (5.3K tons)

Nitrile-Function Compounds Exports in Brazil

In 2022, approx. 51K tons of nitrile-function compoundses were exported from Brazil; shrinking by -31.7% against the year before. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 62%.

In value terms, nitrile-function compounds exports reduced notably to $97M in 2022. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 212% against the previous year. As a result, the exports attained the peak of $160M, and then fell notably in the following year.

Top Export Markets for Nitrile-Function Compounds from Brazil in 2022:

1. China (undefinedK tons)
2. Mexico (28.0K tons)
3. Turkey (15.1K tons)
4. Netherlands (2.8K tons)
5. United States (1.8K tons)
6. Belgium (1.0K tons)
7. India (0.7K tons)

Source: IndexBox Market Intelligence Platform