Argentina: Hydantoin Market 2024

Hydantoin Market Size in Argentina

The Argentinian hydantoin market dropped to $X in 2022, which is down by -10.8% against the previous year. Overall, consumption, however, showed a slight increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Hydantoin Production in Argentina

In value terms, hydantoin production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 147% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Hydantoin Exports

Exports from Argentina

In 2022, approx. X tons of hydantoin and its derivatives were exported from Argentina; which is down by -23.4% against the year before. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 194% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, hydantoin exports contracted markedly to $X in 2022. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons), Paraguay (X tons) and Brazil (X kg) were the main destinations of hydantoin exports from Argentina, together comprising 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +93.7%), while the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Chile ($X) and Brazil ($X) were the largest markets for hydantoin exported from Argentina worldwide, with a combined 95% share of total exports.

Paraguay, with a CAGR of +60.2%, saw 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 mixed trend patterns.

Export Prices by Country

In 2022, the average hydantoin export price amounted to $X per ton, growing by 1.9% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 69% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-1.8%), while the prices for the other major destinations experienced a decline.

Hydantoin Imports

Imports into Argentina

Hydantoin imports into Argentina reduced to X tons in 2022, which is down by -5.5% against the year before. Overall, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, hydantoin imports skyrocketed to $X in 2022. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 20%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main suppliers of hydantoin imports to Argentina, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +63.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Brazil ($X) appeared to be the largest hydantoin suppliers to Argentina, together accounting for 71% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +49.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydantoin import price amounted to $X per ton, growing by 25% against the previous year. In general, the import price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 57%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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