MERCOSUR: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in MERCOSUR

In 2023, the MERCOSUR market for chromium, manganese, lead and copper oxides and hydroxides increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in MERCOSUR

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides expanded modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports in MERCOSUR

In 2023, the amount of chromium, manganese, lead and copper oxides and hydroxides exported in MERCOSUR expanded to X tons, picking up by X% on the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides fell to $X in 2023. Overall, exports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

In 2023, Brazil (X tons) represented the main exporter of chromium, manganese, lead and copper oxides and hydroxides, comprising X% of total exports. It was distantly followed by Colombia (X tons) and Peru (X tons), together comprising a X% share of total exports. Chile (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of chromium, manganese, lead and copper oxides and hydroxides. At the same time, Chile (X%) and Peru (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Chile (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Peru ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. These countries were followed by Chile, which accounted for a further X%.

Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the export price figures.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports in MERCOSUR

In 2023, after two years of growth, there was significant decline in supplies from abroad of chromium, manganese, lead and copper oxides and hydroxides, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2022, and then dropped notably in the following year.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides fell markedly to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Brazil (X tons) and Colombia (X tons) represented the main importers of chromium, manganese, lead and copper oxides and hydroxides in 2023, resulting at approx. X% and X% of total imports, respectively. Chile (X tons) took the next position in the ranking, followed by Argentina (X tons) and Peru (X tons). All these countries together held approx. X% share of total imports. Ecuador (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported chromium, manganese, lead and copper oxides and hydroxides in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform