MERCOSUR: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in shipments abroad of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups, when their volume decreased by X% to X tons. In general, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, derivatives of hydrocarbons exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Chile represented the key exporter of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in MERCOSUR, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Brazil (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Chile (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Chile ($X) remains the largest derivatives of hydrocarbons supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports.

In Chile, derivatives of hydrocarbons 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: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Derivatives Of Hydrocarbons Imports

Imports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in supplies from abroad of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups, which increased by X% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, derivatives of hydrocarbons imports expanded sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Brazil prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Chile (X tons), comprising a X% share of total imports. Argentina (X tons) took a minor share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with an X% share of total imports.

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: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a mild contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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