Argentina: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Argentina

For the third year in a row, the Argentinian cyclohexanone and methylcyclohexanones market recorded growth in sales value, which increased by 311% to $X in 2021. Over the period under review, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Argentina

In 2021, overseas shipments of cyclohexanone and methylcyclohexanones decreased by -92.9% to X kg, falling for the second consecutive year after six years of growth. Over the period under review, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 285% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports declined sharply to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 385% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uruguay (X kg) was the main destination for cyclohexanone and methylcyclohexanones exports from Argentina, accounting for a 94% share of total exports. Moreover, cyclohexanone and methylcyclohexanones exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Uruguay was relatively modest.

In value terms, Uruguay ($X) remains the key foreign market for cyclohexanone and methylcyclohexanones exports from Argentina, comprising 96% of total exports. The second position in the ranking was held by Paraguay ($X), with a 3.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay amounted to +6.7%.

Export Prices by Country

The average cyclohexanone and methylcyclohexanones export price stood at $X per ton in 2021, picking up by 73% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cyclohexanone and methylcyclohexanones export price increased by +77.8% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Paraguay totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+81.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Argentina

In 2021, approx. X tons of cyclohexanone and methylcyclohexanones were imported into Argentina; increasing by 249% on the previous year's figure. Over the period under review, imports continue to indicate a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclohexanone and methylcyclohexanones imports surged to $X in 2021. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cyclohexanone and methylcyclohexanones to Argentina, with a 45% share of total imports. Moreover, cyclohexanone and methylcyclohexanones imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and the Netherlands (-1.8% per year).

In value terms, China ($X) constituted the largest supplier of cyclohexanone and methylcyclohexanones to Argentina, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and the Netherlands (-1.4% per year).

Import Prices by Country

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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