Argentina: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Argentina

The Argentinian sulphides, dithionites and sulphoxylates market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Argentina

In value terms, sulphides, dithionites and sulphoxylates production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 26% against the previous year. Sulphides, dithionites and sulphoxylates production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Argentina

After two years of growth, overseas shipments of sulphides, polysulphides, dithionites and sulphoxylates decreased by -23.6% to X tons in 2022. Over the period under review, exports recorded a mild setback. The growth pace was the most rapid in 2017 when exports increased by 21%. The exports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, sulphides, dithionites and sulphoxylates exports surged to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value 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, exports increased by +31.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Chile (X tons) was the main destination for sulphides, dithionites and sulphoxylates exports from Argentina, with a 87% share of total exports. Moreover, sulphides, dithionites and sulphoxylates exports to Chile exceeded the volume sent to the second major destination, Brazil (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Chile amounted to -1.4%.

In value terms, Chile ($X) remains the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from Argentina, comprising 89% of total exports. The second position in the ranking was held by Brazil ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at +3.8%.

Export Prices by Country

In 2022, the average sulphides, dithionites and sulphoxylates export price amounted to $X per ton, rising by 67% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+5.3%).

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Argentina

In 2022, overseas purchases of sulphides, polysulphides, dithionites and sulphoxylates increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sulphides, dithionites and sulphoxylates imports skyrocketed to $X in 2022. Overall, imports recorded notable growth. The pace of growth appeared the most rapid in 2021 when imports increased by 74%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sulphides, dithionites and sulphoxylates to Argentina, with a 78% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-5.0% per year) and Germany (-13.2% per year).

In value terms, China ($X) constituted the largest supplier of sulphides, polysulphides, dithionites and sulphoxylates to Argentina, comprising 88% of total imports. The second position in the ranking was held by Germany ($X), with a 3.9% share of total imports. It was followed by Mexico, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.4% per year) and Mexico (-13.9% per year).

Import Prices by Country

In 2022, the average sulphides, dithionites and sulphoxylates import price amounted to $X per ton, jumping by 40% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides, dithionites and sulphoxylates import price increased by +102.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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