Argentina: Peroxosulphates Market 2024

Peroxosulphates Market Size in Argentina

The Argentinian peroxosulphates market soared to $X in 2021, rising by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Peroxosulphates Exports

Exports from Argentina

In 2021, the amount of peroxosulphates (persulphates) exported from Argentina fell notably to X kg, with a decrease of -23.8% compared with the previous year. In general, exports faced a sharp curtailment. The growth pace was the most rapid in 2015 with an increase of 115%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, peroxosulphates exports dropped markedly to $X in 2021. Over the period under review, exports recorded a significant decrease. The growth pace was the most rapid in 2015 when exports increased by 125% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X kg) was the main destination for peroxosulphates exports from Argentina, with a 92% share of total exports. Moreover, peroxosulphates exports to Peru exceeded the volume sent to the second major destination, Uruguay (X kg), more than tenfold. The third position in this ranking was held by Ecuador (X kg), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru totaled +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-48.0% per year) and Ecuador (-29.0% per year).

In value terms, Peru ($X) remains the key foreign market for peroxosulphates exports from Argentina, comprising 62% of total exports. The second position in the ranking was held by Uruguay ($X), with a 25% share of total exports. It was followed by Ecuador, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Peru amounted to +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-34.5% per year) and Ecuador (-23.0% per year).

Export Prices by Country

In 2021, the average peroxosulphates export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peroxosulphates export price increased by +2.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 20%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Peru ($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 Uruguay (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Peroxosulphates Imports

Imports into Argentina

Peroxosulphates imports into Argentina declined modestly to X tons in 2021, waning by -3.5% against the previous year. Over the period under review, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 79%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, peroxosulphates imports skyrocketed to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 53%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest peroxosulphates supplier to Argentina, with a 57% share of total imports. Moreover, peroxosulphates imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.3% per year) and Germany (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of peroxosulphates to Argentina, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.1% per year) and Germany (+1.2% per year).

Import Prices by Country

In 2021, the average peroxosulphates import price amounted to $X per ton, growing by 36% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 72% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average 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 Germany ($X per ton), while the price for the United States ($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 (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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