Brazil: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in Brazil

The Brazilian industrial monocarboxylic fatty acids market was estimated at $X in 2022, rising by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Brazil

In value terms, industrial monocarboxylic fatty acids production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Brazil

In 2022, shipments abroad of industrial monocarboxylic fatty acids increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a deep slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2022. Over the period under review, exports, however, recorded a noticeable slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Portugal (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Brazil, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Japan ($X) appeared to be the largest markets for industrial monocarboxylic fatty acids exported from Brazil worldwide, together accounting for X% of total exports. Argentina, Belgium, Portugal, France, China, the UK, India, Panama and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial monocarboxylic fatty acids export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Ireland ($X 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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Brazil

In 2022, supplies from abroad of industrial monocarboxylic fatty acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports rose slightly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Argentina (X tons) and Malaysia (X tons) were the main suppliers of industrial monocarboxylic fatty acids imports to Brazil, together accounting for X% of total imports. India, Germany and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Brazil, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Argentina, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Argentina (X% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial monocarboxylic fatty acids import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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