MERCOSUR: Tanker Market 2024

Tanker Market Size in MERCOSUR

The MERCOSUR tanker market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, saw a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tanker Production in MERCOSUR

In value terms, tanker production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tanker Exports

Exports in MERCOSUR

In 2022, shipments abroad of tankers decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports faced a deep contraction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, tanker exports declined sharply to $X in 2022. Overall, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units) and Chile (X units) were the major exporters of tankers in MERCOSUR, together mixing up X% of total exports. It was followed by Peru (X units), mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Peru (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

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

In Chile, tanker exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X,667 per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X,910 per unit. From 2019 to 2022, the export prices failed to regain momentum.

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 Chile ($X,000 per unit), while Brazil ($X per unit) was amongst the lowest.

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

Tanker Imports

Imports in MERCOSUR

In 2022, purchases abroad of tankers decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tanker imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X units) and Colombia (X units) were the largest importers of tankers in MERCOSUR, together resulting at near X% of total imports. Chile (X units) took the next position in the ranking, followed by Ecuador (X units), Peru (X units), Brazil (X units), Guyana (X units), Uruguay (X units) and Venezuela (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Chile ($X) and Uruguay ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Peru, Ecuador, Venezuela, Guyana, Colombia and Brazil lagged somewhat behind, together accounting for a further X%.

Guyana, with a CAGR of X%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X,532 per unit in 2022, reducing by X% against the previous year. Overall, the import price saw a abrupt setback. The growth pace was the most rapid in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X,160 per unit. From 2018 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X,142 per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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