Brazil: Oxides And Hydroxides Market 2024

Oxides And Hydroxides Market Size in Brazil

The Brazilian oxides and hydroxides market declined sharply to $X in 2021, reducing by -84.5% against the previous year. Over the period under review, consumption faced a sharp reduction. The pace of growth appeared the most rapid in 2017 when the market value decreased by -0.1% against the previous year. Oxides and hydroxides consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Oxides And Hydroxides Production in Brazil

In value terms, oxides and hydroxides production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 12% against the previous year. Oxides and hydroxides production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Oxides And Hydroxides Exports

Exports from Brazil

In 2021, the amount of chromium, manganese, lead and copper oxides and hydroxides exported from Brazil soared to X tons, jumping by 278% on 2020 figures. Over the period under review, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oxides and hydroxides exports soared to $X in 2021. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for oxides and hydroxides exports from Brazil, accounting for a 77% share of total exports. Moreover, oxides and hydroxides exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +68.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+23.4% per year) and the United States (+14.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for chromium, manganese, lead and copper oxides and hydroxides exports from Brazil, comprising 72% of total exports. The second position in the ranking was taken by Spain ($X), with a 6.9% share of total exports. It was followed by Chile, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+28.0% per year) and Chile (-0.9% per year).

Export Prices by Country

The average oxides and hydroxides export price stood at $X per ton in 2021, with an increase of 4.7% against the previous year. Overall, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 7.5%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to China ($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 Spain (+3.8%), while the prices for the other major destinations experienced a decline.

Oxides And Hydroxides Imports

Imports into Brazil

In 2021, oxides and hydroxides imports into Brazil surged to X tons, with an increase of 28% against 2020 figures. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oxides and hydroxides imports rose significantly to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and India (X tons) were the main suppliers of oxides and hydroxides imports to Brazil, with a combined 57% share of total imports. These countries were followed by Kazakhstan, Turkey, South Africa, Russia, Peru and Germany, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +239.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides and hydroxides suppliers to Brazil were the United States ($X), India ($X) and Kazakhstan ($X), with a combined 54% share of total imports. China, Peru, Turkey, Russia, Germany and South Africa lagged somewhat behind, together comprising a further 40%.

Russia, with a CAGR of +226.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average oxides and hydroxides import price amounted to $X per ton, falling by -12.2% against the previous year. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Peru ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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