Chile: Mercury Market 2022

Mercury Market Size in Chile

In 2021, the Chilean mercury market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Mercury consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Mercury Production in Chile

In value terms, mercury production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Mercury Exports

Exports from Chile

In 2021, approx. less than X kg of mercuries were exported from Chile; approximately reflecting the previous year. Overall, exports saw a sharp decrease. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mercury exports amounted to $less than X in 2021. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tonnes) was the main destination for mercury exports from Chile, with a approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to India was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

The average mercury export price stood at $X per tonne in 2017, approximately reflecting the previous year. Over the period under review, the export price saw a buoyant expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2014 to 2017, the the average export prices remained at a lower figure.

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

From 2012 to 2017, the rate of growth in terms of prices for India amounted to X% per year.

Mercury Imports

Imports into Chile

In 2021, overseas purchases of mercuries increased by X% to X kg for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, showed a abrupt contraction. Imports peaked at X tonnes in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, mercury imports surged to $X in 2021. Overall, imports, however, recorded a abrupt curtailment. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X kg) and Guatemala (X kg) were the main suppliers of mercury imports to Chile.

From 2012 to 2021, the biggest increases were in Guatemala (with a CAGR of X value terms, the largest mercury suppliers to Chile were Mexico ($X) and Guatemala ($X, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average mercury import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per tonne, and then contracted remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Guatemala ($X per tonne), while the price for Mexico totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (X%).

Source: IndexBox Platform