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Sep 21, 2024

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.Brazil Derivatives Of Hydrocarbons Imports By Country (Million USD)

COUNTRYImport Value of Derivatives Of Hydrocarbons in Brazil (million USD)
20132014201520162017201820192020202120222023
China6.19.15.88.58.18.94.111.513.613.17.1
Italy0.31.21.11.42.83.14.03.93.24.23.5
India2.64.63.11.72.02.01.51.12.24.52.8
Hong Kong0.1N/AN/AN/AN/AN/AN/AN/AN/AN/A0.8
United States0.1N/AN/AN/AN/A0.10.10.10.10.30.4
Finland8.2N/AN/AN/AN/A7.5N/AN/AN/AN/AN/A
FranceN/A15.315.9N/AN/AN/AN/AN/AN/AN/AN/A
Others0.80.2N/A0.10.20.10.10.10.1N/A0.1
Total18.130.625.911.813.121.79.716.719.322.114.7

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.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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