Brazil: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Brazil

The Brazilian market for compounds with other nitrogen function (excluding isocyanates) surged to $X in 2022, jumping by 47% 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). In general, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Brazil

In 2022, the amount of compounds with other nitrogen function (excluding isocyanates) exported from Brazil reached X tons, increasing by 14% on the previous year. Over the period under review, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 460%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. In general, exports showed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 237% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for compounds with other nitrogen function exports from Brazil, accounting for a 93% share of total exports. Moreover, compounds with other nitrogen function exports to Colombia exceeded the volume sent to the second major destination, Hungary (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (0.0% per year) and Bolivia (+22.8% per year).

In value terms, Colombia ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Brazil, comprising 88% of total exports. The second position in the ranking was held by Bolivia ($X), with a 9.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+33.4% per year) and Hungary (0.0% per year).

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, rising by 23% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 81% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Brazil

Compounds with other nitrogen function imports into Brazil surged to X tons in 2022, rising by 32% compared with 2021. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of compounds with other nitrogen function to Brazil, with a 78% share of total imports. Moreover, compounds with other nitrogen function imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.9% per year) and Hong Kong SAR (-3.1% per year).

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Brazil, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Hong Kong SAR, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and Hong Kong SAR (+4.3% per year).

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +47.1% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Spain ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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