MERCOSUR: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in MERCOSUR

The MERCOSUR nitric and sulphonitric acids market fell slightly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, saw a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Nitric Acid And Sulphonitric Acids in MERCOSUR

In value terms, nitric and sulphonitric acids production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports in MERCOSUR

Nitric and sulphonitric acids exports stood at X tons in 2022, surging by X% on 2021 figures. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, nitric and sulphonitric acids exports surged to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile was the main exporter of nitric acid and sulphonitric acids in MERCOSUR, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X tons), Argentina (X tons) and Colombia (X tons), together constituting a X% share of total exports.

Chile was also the fastest-growing in terms of the nitric acid and sulphonitric acids exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%), Colombia (X%) and Argentina (X%) displayed positive paces of growth. From 2012 to 2022, the share of Chile increased by X percentage points.

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

In Chile, nitric and sulphonitric acids exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Nitric Acid And Sulphonitric Acids

Imports in MERCOSUR

In 2022, the amount of nitric acid and sulphonitric acids imported in MERCOSUR surged to X tons, jumping by X% against the previous year's figure. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2022. Overall, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of nitric and sulphonitric acids imports in 2022 were Ecuador (X tons), Brazil (X tons) and Peru (X tons), together amounting to X% of total import. It was distantly followed by Suriname (X tons) and Uruguay (X tons), together committing a X% share of total imports. Paraguay (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Suriname ($X) and Peru ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Brazil, Uruguay and Paraguay lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. 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 Suriname ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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