MERCOSUR: Sulphates Market 2024

Sulphates Market Size in MERCOSUR

In 2023, the MERCOSUR sulphates market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Sulphates Production in MERCOSUR

In value terms, sulphates production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Sulphates Exports

Exports in MERCOSUR

In 2023, shipments abroad of sulphates (excluding those of aluminium and barium) increased by X% to X tons, rising for the third year in a row after four years of decline. In general, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphates exports surged to $X in 2023. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Chile prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. The following exporters - Peru (X tons), Brazil (X tons) and Colombia (X tons) - each amounted to a X% share of total exports.

Chile was also the fastest-growing in terms of the sulphates (excluding those of aluminium and barium) exports, with a CAGR of X% from 2012 to 2023. At the same time, Brazil (X%) and Peru (X%) displayed positive paces of growth. Colombia experienced a relatively flat trend pattern. Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Peru and Colombia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest sulphates supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Chile, sulphates exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($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.

Sulphates Imports

Imports in MERCOSUR

In 2023, approx. X tons of sulphates (excluding those of aluminium and barium) were imported in MERCOSUR; approximately equating 2022 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, sulphates imports declined significantly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Brazil was the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Colombia (X tons), Peru (X tons), Argentina (X tons) and Ecuador (X tons), together constituting a X% share of total imports. Chile (X tons) held a relatively small share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of sulphates (excluding those of aluminium and barium). At the same time, Peru (X%), Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Peru, Colombia and Ecuador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported sulphates (excluding those of aluminium and barium) in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sulphates import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform