Argentina: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Argentina

In 2021, the Argentinian acyclic hydrocarbons derivatives market increased by 16% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.9% against 2019 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Acyclic Hydrocarbons Derivatives Exports

Exports from Argentina

In 2021, shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by -71.5% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 2,768%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports contracted dramatically to $X in 2021. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2018 with an increase of 3,216%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X kg), Israel (X kg) and Brazil (X kg) were the main destinations of acyclic hydrocarbons derivatives exports from Argentina, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of -17.0%), while shipments for the other leaders experienced a decline.

In value terms, Paraguay ($X), Israel ($X) and Chile ($X) constituted the largest markets for acyclic hydrocarbons derivatives exported from Argentina worldwide, together comprising 94% of total exports.

Israel, with a CAGR of -17.7%, recorded the highest rates of growth with regard to the value of exports, among 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 acyclic hydrocarbons derivatives export price amounted to $X per ton, with an increase of 29% against the previous year. In general, the export price recorded moderate growth. The pace of growth appeared the most rapid in 2013 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Paraguay ($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 Chile (+31.9%), while the prices for the other major destinations experienced mixed trend patterns.

Acyclic Hydrocarbons Derivatives Imports

Imports into Argentina

In 2021, overseas purchases of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons increased by 7.5% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 87% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, acyclic hydrocarbons derivatives imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest acyclic hydrocarbons derivatives supplier to Argentina, with a 78% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold. The third position in this ranking was taken by the United States (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+21.2% per year) and the United States (-14.4% per year).

In value terms, China ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Argentina, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by India, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.4% per year) and India (+24.2% per year).

Import Prices by Country

In 2021, the average acyclic hydrocarbons derivatives import price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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