MERCOSUR: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in MERCOSUR

The MERCOSUR phenylacetic acid market fell to $X in 2023, with a decrease of X% against the previous year. In general, consumption saw a pronounced setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Phenylacetic Acid Production in MERCOSUR

In value terms, phenylacetic acid production dropped to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Phenylacetic Acid Exports

Exports in MERCOSUR

In 2023, exports of phenylacetic acid, its salts and esters in MERCOSUR reduced notably to X tons, with a decrease of X% on 2022 figures. Overall, exports saw a perceptible slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, phenylacetic acid exports fell rapidly to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the key exporter of phenylacetic acid, its salts and esters in MERCOSUR, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Colombia (X tons), committing a X% share of total exports. Argentina (X tons) took a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of phenylacetic acid, its salts and esters. At the same time, Argentina (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Brazil, Colombia and Argentina increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest phenylacetic acid supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

In Brazil, phenylacetic acid exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a measured expansion. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced mixed trends in the export price figures.

Phenylacetic Acid Imports

Imports in MERCOSUR

After two years of growth, supplies from abroad of phenylacetic acid, its salts and esters decreased by X% to X tons in 2023. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, phenylacetic acid imports shrank rapidly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X tons) represented the main importer of phenylacetic acid, its salts and esters, constituting X% of total imports. It was distantly followed by Argentina (X tons) and Colombia (X tons), together achieving a X% share of total imports. The following importers - Paraguay (X tons), Chile (X tons), Peru (X tons) and Ecuador (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Ecuador (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phenylacetic acid importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined X% share of total imports. Ecuador, Paraguay, Chile and Peru lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in MERCOSUR stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price, however, saw moderate growth. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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