MERCOSUR: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in MERCOSUR

The MERCOSUR market for compounds with other nitrogen function (excluding isocyanates) surged to $X in 2022, picking up by X% against the previous year. The total consumption indicated a noticeable 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, consumption increased by X% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in MERCOSUR

In value terms, compounds with other nitrogen function production fell to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in MERCOSUR

For the fourth year in a row, MERCOSUR recorded growth in shipments abroad of compounds with other nitrogen function (excluding isocyanates), which increased by X% to X tons in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Colombia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Colombia ($X) remains the largest compounds with other nitrogen function supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Colombia amounted to X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in MERCOSUR

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were imported in MERCOSUR; rising by X% against 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the key importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Argentina (X tons), achieving a X% share of total imports. Chile (X tons) and Peru (X tons) held a little share of total imports.

Brazil was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) imports, with a CAGR of X% from 2012 to 2022. Chile (X%), Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. Brazil (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 ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, compounds with other nitrogen function imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a prominent 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, compounds with other nitrogen function import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :