MERCOSUR: Epoxide Resin Market 2024

Epoxide Resin Market Size in MERCOSUR

The MERCOSUR epoxide resin market dropped slightly to $X in 2022, approximately reflecting the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Epoxide Resin Production in MERCOSUR

In value terms, epoxide resin production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Epoxide Resin Exports

Exports in MERCOSUR

In 2022, shipments abroad of epoxide resins increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, epoxide resin exports surged to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Chile (X tons), Colombia (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to epoxide resin exports from Brazil stood at X%. At the same time, Peru (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest epoxide resin supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per ton), while Peru ($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.

Epoxide Resin Imports

Imports in MERCOSUR

In 2022, the amount of epoxide resins imported in MERCOSUR contracted to X tons, dropping by X% on the previous year. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, epoxide resin imports rose rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a measured expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Brazil (X tons) represented the main importer of epoxide resins, constituting X% of total imports. Argentina (X tons) held the second position in the ranking, followed by Chile (X tons) and Colombia (X tons). All these countries together held near X% share of total imports. The following importers - Peru (X tons) and Ecuador (X tons) - together made up X% of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of epoxide resins. At the same time, Ecuador (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. Colombia, Chile and Peru experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Ecuador (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 ($X) constitutes the largest market for imported epoxide resins in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: 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, growing by X% against the previous year. Import price indicated a perceptible 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, epoxide resin import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Argentina ($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