MERCOSUR: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in MERCOSUR

The MERCOSUR industrial monocarboxylic fatty acids market rose slightly to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in MERCOSUR

In value terms, industrial monocarboxylic fatty acids production reached $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in MERCOSUR

For the fourth year in a row, MERCOSUR recorded growth in shipments abroad of industrial monocarboxylic fatty acids, which increased by X% to X tons in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2022. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Argentina prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Brazil (X tons), constituting a X% share of total exports. Peru (X tons) and Ecuador (X tons) held a minor share of total exports.

Argentina was also the fastest-growing in terms of the industrial monocarboxylic fatty acids exports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) and Ecuador (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Ecuador and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest industrial monocarboxylic fatty acids supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with an X% share of total exports. It was followed by Peru, with an X% share.

In Argentina, industrial monocarboxylic fatty acids 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: Brazil (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 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.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in purchases abroad of industrial monocarboxylic fatty acids, which increased by X% to X tons in 2022. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2022. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) was the largest importer of industrial monocarboxylic fatty acids, creating X% of total imports. It was distantly followed by Brazil (X tons), committing an X% share of total imports. The following importers - Colombia (X tons) and Peru (X tons) - together made up X% of total imports.

Chile was also the fastest-growing in terms of the industrial monocarboxylic fatty acids imports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) and Colombia (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while Colombia ($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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