Argentina: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Argentina

For the third year in a row, the Argentinian market for lauric acid and other acids, their salts and esters recorded growth in sales value, which increased by X% to $X in 2023. In general, the total consumption indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in the near future.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Argentina

In 2023, the amount of lauric acid and other acids, their salts and esters exported from Argentina dropped remarkably to X tons, reducing by X% on the year before. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, exports of lauric acid and other acids, their salts and esters plummeted to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Brazil (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Argentina, with a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Brazil stood at X%.

In value terms, Brazil ($X) also remains the key foreign market for lauric acid and other acids, their salts and esters exports from Argentina.

From 2012 to 2023, the average annual growth rate of value to Brazil amounted to X%.

Export Prices by Country

In 2023, the average export price for lauric acid and other acids, their salts and esters amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Chile amounted to X% per year.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Argentina

In 2023, approx. X tons of lauric acid and other acids, their salts and esters were imported into Argentina; jumping by X% against the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, imports of lauric acid and other acids, their salts and esters expanded notably to $X in 2023. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Argentina, with a combined X% share of total imports. Germany, the United States, India, Malaysia, Indonesia and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Brazil ($X) were the largest lauric acid and other acids, their salts and esters suppliers to Argentina, together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform