Brazil: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Brazil

For the third year in a row, the Brazilian phosphoric acid market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, showed a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Phosphoric Acid Production in Brazil

In value terms, phosphoric acid production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphoric Acid Exports

Exports from Brazil

In 2022, overseas shipments of phosphoric acid and polyphosphoric acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, phosphoric acid exports shrank to $X in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Argentina (X tons) was the main destination for phosphoric acid exports from Brazil, with a X% share of total exports. Moreover, phosphoric acid exports to Argentina exceeded the volume sent to the second major destination, Uruguay (X tons), twofold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Colombia (X% per year).

In value terms, Argentina ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average phosphoric acid export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a buoyant increase 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, phosphoric acid export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United States ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Brazil

In 2022, supplies from abroad of phosphoric acid and polyphosphoric acids increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports showed a tangible expansion. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, phosphoric acid imports soared to $X in 2022. In general, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of phosphoric acid to Brazil, accounting for a X% share of total imports. Moreover, phosphoric acid imports from Morocco exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and China (X% per year).

In value terms, Morocco ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Brazil, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Morocco stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and China (X% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price enjoyed prominent growth. 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 the United States ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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