MERCOSUR: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in MERCOSUR

The MERCOSUR market for lauric acid and other acids, their salts and esters expanded significantly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Lauric Acid And Other Acids, Their Salts And Esters in MERCOSUR

In value terms, production of lauric acid and other acids, their salts and esters expanded rapidly to $X in 2023 estimated in export price. The total production indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth failed to regain momentum.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in MERCOSUR

In 2023, after three years of growth, there was significant decline in shipments abroad of lauric acid and other acids, their salts and esters, when their volume decreased by X% to X tons. Overall, exports showed a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2022, and then contracted markedly in the following year.

In value terms, exports of lauric acid and other acids, their salts and esters shrank rapidly to $X in 2023. Over the period under review, exports, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

In 2023, Brazil (X tons) was the largest exporter of lauric acid and other acids, their salts and esters in MERCOSUR, committing X% of total export.

Brazil was also the fastest-growing in terms of the lauric acid and other acids, their salts and esters exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest lauric acid and other acids, their salts and esters supplier in MERCOSUR.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for lauric acid and other acids, their salts and esters increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in MERCOSUR

In 2023, the amount of lauric acid and other acids, their salts and esters imported in MERCOSUR rose modestly to X tons, surging by X% compared with the year before. Over the period under review, imports, however, saw a slight slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters fell to $X in 2023. Total imports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Brazil represented the key importer of lauric acid and other acids, their salts and esters in MERCOSUR, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%). Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Argentina experienced a relatively flat trend pattern. By contrast, Peru (X%) and Chile (X%) illustrated a downward trend over the same period. Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported lauric acid and other acids, their salts and esters in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, shrinking by X% against the previous year. Import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for lauric acid and other acids, their salts and esters increased by X% against 2020 indices. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2023, 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.

Source: IndexBox Platform