Argentina: Acetone Market 2025

Acetone Market Size in Argentina

The Argentinian acetone market expanded sharply to $X in 2021, picking up by 6.3% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Acetone Production in Argentina

In value terms, acetone production amounted to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 40%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Acetone Exports

Exports from Argentina

In 2021, approx. X tons of acetone were exported from Argentina; dropping by -3.2% compared with the previous year's figure. In general, exports showed a precipitous descent. The smallest decline of -3.2% was in 2020. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetone exports fell to $X in 2021. Over the period under review, exports continue to indicate a precipitous contraction. The smallest decline of -5.1% was in 2020. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X kg), Uruguay (X kg) and Colombia (X kg) were the main destinations of acetone exports from Argentina, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of -36.0%), while the other leaders experienced a decline.

In value terms, the largest markets for acetone exported from Argentina were Chile ($X), Colombia ($X) and Uruguay ($X), together comprising 97% of total exports.

Colombia, with a CAGR of -29.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average acetone export price amounted to $X per ton, falling by -2% against the previous year. Over the period under review, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 73% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into Argentina

In 2021, the amount of acetone imported into Argentina soared to X tons, increasing by 33% against 2020 figures. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 109%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, acetone imports surged to $X in 2021. In general, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest acetone supplier to Argentina, with a 46% share of total imports. Moreover, acetone imports from Brazil exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+26.2% per year) and China (+67.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of acetone to Argentina, comprising 45% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+31.3% per year) and China (+68.0% per year).

Import Prices by Country

The average acetone import price stood at $X per ton in 2021, picking up by 60% against the previous year. In general, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetone import price increased by +93.1% against 2019 indices. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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