Argentina: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Argentina

The Argentinian market for palmitic acid, stearic acid, their salts and esters was finally on the rise to reach $X in 2021, after eight years of decline. Over the period under review, consumption, however, faced a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Argentina

In value terms, production of palmitic acid, stearic acid, their salts and esters expanded sharply to $X in 2021 estimated in export price. In general, production, however, showed a deep slump. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Argentina

After two years of growth, overseas shipments of palmitic acid, stearic acid, their salts and esters decreased by -87.5% to X tons in 2021. In general, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 386% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters shrank rapidly to $X in 2021. Over the period under review, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 325%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Uruguay (X tons) and Paraguay (X tons) were the main destinations of exports of palmitic acid, stearic acid, their salts and esters from Argentina.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +6.3%), while the other leaders experienced a decline.

In value terms, Brazil ($X), Uruguay ($X) and Paraguay ($X) appeared to be the largest markets for palmitic acid, stearic acid, their salts and esters exported from Argentina worldwide, together accounting for 99.9% of total exports.

Among the main countries of destination, Paraguay, with a CAGR of +1.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 6.8%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas 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 Chile (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Argentina

In 2021, after two years of decline, there was significant growth in purchases abroad of palmitic acid, stearic acid, their salts and esters, when their volume increased by 98% to X tons. In general, imports, however, showed a mild shrinkage. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Argentina, together comprising 70% of total imports. These countries were followed by India, Malaysia, Italy, South Korea and Peru, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Argentina were the United States ($X), Brazil ($X) and China ($X), with a combined 70% share of total imports. These countries were followed by India, South Korea, Malaysia, Italy and Peru, which together accounted for a further 22%.

Among the main suppliers, India, with a CAGR of +23.6%, 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

The average import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, which is down by -26% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 76%. As a result, import price attained the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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