MERCOSUR: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in MERCOSUR

The MERCOSUR phosphoric acid market rose significantly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Phosphoric Acid Production in MERCOSUR

In value terms, phosphoric acid production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phosphoric Acid Exports

Exports in MERCOSUR

After two years of growth, overseas shipments of phosphoric acid and polyphosphoric acids decreased by X% to X tons in 2022. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, phosphoric acid exports declined to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

The shipments of the one major exporters of phosphoric acid and polyphosphoric acids, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the phosphoric acid and polyphosphoric acids exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Brazil increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest phosphoric acid supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphoric acid export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Phosphoric Acid Imports

Imports in MERCOSUR

In 2022, overseas purchases of phosphoric acid and polyphosphoric acids increased by X% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2017 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, phosphoric acid imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Peru (X tons), Argentina (X tons) and Chile (X tons), together generating a X% share of total imports. Colombia (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to phosphoric acid imports into Brazil stood at X%. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported phosphoric acid and polyphosphoric acids in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with an X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphoric acid import price increased by X% against 2020 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 Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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