Brazil: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Brazil

The Brazilian compound plasticisers market dropped slightly to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Compound Plasticisers Production in Brazil

In value terms, compound plasticisers production reduced slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Compound Plasticisers Exports

Exports from Brazil

In 2022, overseas shipments of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, compound plasticisers exports surged to $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Italy (X tons) was the main destination for compound plasticisers exports from Brazil, with a X% share of total exports. Moreover, compound plasticisers exports to Italy exceeded the volume sent to the second major destination, Portugal (X tons), twofold. South Africa (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and South Africa (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for compound plasticisers for rubber or plastics exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and South Africa (X% per year).

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compound plasticisers export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($X per ton) and Egypt ($X per ton), while the average price for exports to Portugal ($X per ton) and South Africa ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Brazil

In 2022, overseas purchases of compound plasticisers for rubber or plastics decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, compound plasticisers imports surged to $X in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of compound plasticisers to Brazil, with a X% share of total imports. Moreover, compound plasticisers imports from Argentina exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, the largest compound plasticisers suppliers to Brazil were Argentina ($X), Germany ($X) and the United States ($X), with a combined X% share of total imports. South Korea, the UK, Malaysia and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average compound plasticisers import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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