Brazil's Import of Derivatives of Hydrocarbons Plummets to $15 Million in 2023
Brazil Derivatives Of Hydrocarbons Imports
In 2023, after three years of growth, there was significant decline in supplies from abroad of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups, when their volume decreased by -22.4% to 4.1K tons. In general, total imports indicated a modest expansion from 2013 to 2023: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +13.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 60% against the previous year. As a result, imports attained the peak of 5.8K tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.
In value terms, derivatives of hydrocarbons imports fell dramatically to $15M (IndexBox estimates) in 2023. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. Over the period under review, imports hit record highs at $31M in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Derivatives Of Hydrocarbons in Brazil (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 6.1 | 9.1 | 5.8 | 8.5 | 8.1 | 8.9 | 4.1 | 11.5 | 13.6 | 13.1 | 7.1 |
| Italy | 0.3 | 1.2 | 1.1 | 1.4 | 2.8 | 3.1 | 4.0 | 3.9 | 3.2 | 4.2 | 3.5 |
| India | 2.6 | 4.6 | 3.1 | 1.7 | 2.0 | 2.0 | 1.5 | 1.1 | 2.2 | 4.5 | 2.8 |
| Hong Kong | 0.1 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8 |
| United States | 0.1 | N/A | N/A | N/A | N/A | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.4 |
| Finland | 8.2 | N/A | N/A | N/A | N/A | 7.5 | N/A | N/A | N/A | N/A | N/A |
| France | N/A | 15.3 | 15.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Others | 0.8 | 0.2 | N/A | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | N/A | 0.1 |
| Total | 18.1 | 30.6 | 25.9 | 11.8 | 13.1 | 21.7 | 9.7 | 16.7 | 19.3 | 22.1 | 14.7 |
Imports by Country
In 2023, India (1.9K tons) constituted the largest derivatives of hydrocarbons supplier to Brazil, accounting for a 46% share of total imports. Moreover, derivatives of hydrocarbons imports from India exceeded the figures recorded by the second-largest supplier, China (893 tons), twofold. Italy (767 tons) ranked third in terms of total imports with a 19% share.
From 2013 to 2023, the average annual growth rate of volume from India amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and Italy (+25.3% per year).
In value terms, China ($7.1M) constituted the largest supplier of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups to Brazil, comprising 48% of total imports. The second position in the ranking was taken by Italy ($3.5M), with a 24% share of total imports. It was followed by India, with a 19% share.
From 2013 to 2023, the average annual growth rate of value from China totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.5% per year) and India (+1.0% per year).
Import Prices by Country
In 2023, the derivatives of hydrocarbons price stood at $3,601 per ton (CIF, Brazil), with a decrease of -14.4% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 an increase of 56%. The import price peaked at $6,332 per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,931 per ton), while the price for India ($1,516 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
