MERCOSUR: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in MERCOSUR

After two years of growth, the MERCOSUR carboxylic acid market decreased by X% to $X in 2022. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Carboxylic Acid Production in MERCOSUR

In value terms, carboxylic acid production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Carboxylic Acid Exports

Exports in MERCOSUR

Carboxylic acid exports totaled X tons in 2022, standing approx. at the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, carboxylic acid exports amounted to $X in 2022. Overall, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in MERCOSUR, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Argentina (X tons) and Chile (X tons), together generating an X% share of total exports.

Brazil was also the fastest-growing in terms of the carboxylic acid with alcohol, phenol, aldehyde or ketone functions exports, with a CAGR of X% from 2012 to 2022. At the same time, Chile (X%) displayed positive paces of growth. By contrast, Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest carboxylic acid supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

In Brazil, carboxylic acid exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, recorded a pronounced contraction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the export price figures.

Carboxylic Acid Imports

Imports in MERCOSUR

In 2022, after five years of growth, there was significant decline in supplies from abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, when their volume decreased by X% to X tons. Total imports indicated a pronounced increase from 2012 to 2022: its volume 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, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, carboxylic acid imports soared to $X in 2022. Total imports indicated a temperate increase 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) was the main importer of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, comprising X% of total imports. Argentina (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and Chile (X%). Peru (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%), Colombia (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. Brazil (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported carboxylic acid with alcohol, phenol, aldehyde or ketone functions in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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