MERCOSUR: Silver Nitrate Market 2024

Silver Nitrate Market Size in MERCOSUR

The MERCOSUR silver nitrate market expanded slightly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a perceptible 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Silver Nitrate Production in MERCOSUR

In value terms, silver nitrate production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Silver Nitrate Exports

Exports in MERCOSUR

In 2022, shipments abroad of silver nitrate decreased by X% to X kg, falling for the third year in a row after two years of growth. In general, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, silver nitrate exports dropped markedly to $X in 2022. Over the period under review, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X kg) represented the major exporter of silver nitrate, committing X% of total exports. It was distantly followed by Peru (X kg), committing a X% share of total exports. Colombia (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest silver nitrate supplying countries in MERCOSUR were Brazil ($X), Peru ($X) and Colombia ($X), together accounting for X% of total exports.

Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. 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 failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Silver Nitrate Imports

Imports in MERCOSUR

In 2022, overseas purchases of silver nitrate increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver nitrate imports declined slightly to $X in 2022. In general, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Suriname (X tons) represented the main importer of silver nitrate, creating X% of total imports. It was distantly followed by Brazil (X tons), mixing up a X% share of total imports. The following importers - Argentina (X tons) and Chile (X tons) - each accounted for a X% share of total imports.

Suriname was also the fastest-growing in terms of the silver nitrate imports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) and Chile (X%) displayed positive paces of growth. By contrast, Argentina (X%) illustrated a downward trend over the same period. Suriname (X p.p.) significantly strengthened its position in terms of the total imports, while Chile and Argentina saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, silver nitrate imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Suriname ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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