Brazil: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Brazil

The Brazilian buta-1,3-diene and isoprene market reached $X in 2022, approximately equating the previous year. Overall, consumption, however, saw a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 8.7% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Buta-1,3-Diene And Isoprene Production in Brazil

In value terms, buta-1,3-diene and isoprene production declined to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Buta-1,3-diene and isoprene production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from Brazil

In 2022, approx. X tons of buta-1,3-diene and isoprene were exported from Brazil; declining by -15% compared with 2021. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +39.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 65%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene exports stood at $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 147% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for buta-1,3-diene and isoprene exports from Brazil, with a 51% share of total exports. Moreover, buta-1,3-diene and isoprene exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.4% per year) and Argentina (-1.3% per year).

In value terms, the United States ($X) remains the key foreign market for buta-1,3-diene and isoprene exports from Brazil, comprising 51% of total exports. The second position in the ranking was taken by Mexico ($X), with a 19% share of total exports. It was followed by Argentina, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.2% per year) and Argentina (-5.2% per year).

Export Prices by Country

The average buta-1,3-diene and isoprene export price stood at $X per ton in 2022, surging by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of 50%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-0.2%), while the prices for the other major destinations experienced a decline.

Buta-1,3-Diene And Isoprene Imports

Imports into Brazil

In 2022, the amount of buta-1,3-diene and isoprene imported into Brazil soared to X tons, picking up by 279% on the previous year. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 173,113%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene imports skyrocketed to $X in 2022. Overall, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 179,198%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) was the main supplier of buta-1,3-diene and isoprene to Brazil, with a 100% share of total imports. It was followed by the United States (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +96.7%.

In value terms, South Korea ($X) constituted the largest supplier of buta-1,3-diene and isoprene to Brazil, comprising 100% of total imports. The second position in the ranking was held by the United States ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +188.9%.

Import Prices by Country

The average buta-1,3-diene and isoprene import price stood at $X per ton in 2022, growing by 86% against the previous year. In general, the import price, however, saw a mild setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+46.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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