Argentina: Mercury Market 2022

Mercury Market Size in Argentina

In 2021, the Argentinian mercury market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, showed a abrupt downturn. Mercury consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Mercury Production in Argentina

In value terms, mercury production amounted to $X in 2021 estimated in export price. In general, production saw a precipitous shrinkage. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Mercury Exports

Exports from Argentina

In 2021, exports of mercuries from Argentina surged to X tonnes, increasing by X% compared with 2020. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tonnes. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, mercury exports surged to $X in 2021. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay (X tonnes) was the main destination for mercury exports from Argentina, accounting for a X% share of total exports. Moreover, mercury exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tonnes), threefold.

From 2012 to 2021, the average annual growth rate of volume to Paraguay totaled +X%.

In value terms, Uruguay ($X) remains the key foreign market for mercury exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Paraguay ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay totaled +X%.

Export Prices by Country

In 2021, the average mercury export price amounted to $X per tonne, stabilizing at the previous year. Overall, the export price, however, showed a precipitous setback. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Uruguay ($X per tonne), while the average price for exports to Paraguay stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (-X%).

Mercury Imports

Imports into Argentina

In 2021, approx. X tonnes of mercuries were imported into Argentina; increasing by X% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tonnes in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, mercury imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a resilient increase. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tonnes), Mexico (X tonnes) and Spain (X tonnes) were the main suppliers of mercury imports to Argentina, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), Japan ($X) and Brazil ($X) appeared to be the largest mercury suppliers to Argentina, with a combined X% share of total imports.

Among the main suppliers, Japan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average mercury import price stood at $X per tonne in 2021, rising by X% against the previous year. In general, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform