MERCOSUR: Organo-Sulphur Compound Market 2023

Organo-Sulphur Compound Market Size in MERCOSUR

In 2022, the MERCOSUR organo-sulphur compound market increased by 22% to $X, rising for the fifth year in a row after three years of decline. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.7% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Organo-Sulphur Compound Production in MERCOSUR

In value terms, organo-sulphur compound production reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 54%. 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.

Organo-Sulphur Compound Exports

Exports in MERCOSUR

In 2022, organo-sulphur compound exports in MERCOSUR fell markedly to X tons, which is down by -29.5% compared with the previous year's figure. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 132%. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, organo-sulphur compound exports reduced rapidly to $X in 2022. In general, exports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 140% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

The shipments of the three major exporters of organo-sulphur compounds, namely Chile, Brazil and Peru, represented more than two-thirds of total export. It was distantly followed by Uruguay (X tons), achieving a 4.6% share of total exports. Argentina (X tons), Ecuador (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Brazil (with a CAGR of +10.4%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) were the countries with the highest levels of exports in 2022, with a combined 88% share of total exports.

Brazil, with a CAGR of +8.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, falling by -18.2% against the previous year. In general, the export price recorded a perceptible downturn. The growth pace was the most rapid in 2015 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat 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 Colombia ($X per ton), while Uruguay ($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 (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Organo-Sulphur Compound Imports

Imports in MERCOSUR

In 2022, purchases abroad of organo-sulphur compounds decreased by -4.1% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, organo-sulphur compound imports soared to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.5% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, accounting for X tons, which was approx. 69% of total imports in 2022. Argentina (X tons) held the second position in the ranking, followed by Chile (X tons), Colombia (X tons) and Peru (X tons). All these countries together took near 26% share of total imports. Ecuador (X tons) took a relatively small share of total imports.

Brazil was also the fastest-growing in terms of the organo-sulphur compounds imports, with a CAGR of +4.4% from 2012 to 2022. At the same time, Chile (+2.1%) and Colombia (+1.2%) displayed positive paces of growth. Argentina and Peru experienced a relatively flat trend pattern. By contrast, Ecuador (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported organo-sulphur compounds in MERCOSUR, comprising 71% of total imports. The second position in the ranking was held by Argentina ($X), with a 14% share of total imports. It was followed by Colombia, with a 4.5% share.

In Brazil, organo-sulphur compound imports expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (+7.9% per year) and Colombia (+0.4% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of 37% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, organo-sulphur compound import price increased by +36.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :