Brazil: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Brazil

The Brazilian azo- or azoxy-compounds market surged to $X in 2022, with an increase of 52% 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 posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Azo- Or Azoxy-Compounds Exports

Exports from Brazil

In 2022, the amount of diazo-, azo- or azoxy-compounds exported from Brazil skyrocketed to X tons, increasing by 61% on the previous year. Over the period under review, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 86% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, azo- or azoxy-compounds exports soared to $X in 2022. Overall, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 100% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Peru (X tons) were the main destinations of azo- or azoxy-compounds exports from Brazil, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of -1.4%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for azo- or azoxy-compounds exported from Brazil were Paraguay ($X), Peru ($X) and Uruguay ($X), with a combined 97% share of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, jumping by 23% against the previous year. Overall, export price indicated a noticeable expansion 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, azo- or azoxy-compounds export price increased by +55.2% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 75% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Mexico ($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 the United States (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into Brazil

Azo- or azoxy-compounds imports into Brazil soared to X tons in 2022, growing by 18% against the previous year. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +64.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, azo- or azoxy-compounds imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained 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 azo- or azoxy-compounds to Brazil, with a 51% share of total imports. Moreover, azo- or azoxy-compounds imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was taken by India (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+14.9% per year) and India (+21.4% per year).

In value terms, the largest azo- or azoxy-compounds suppliers to Brazil were China ($X), India ($X) and Indonesia ($X), together accounting for 84% of total imports.

Among the main suppliers, India, with a CAGR of +25.5%, recorded the highest rates of growth with regard to 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

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, increasing by 37% against the previous year. Over the period under review, import price indicated moderate 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. Based on 2022 figures, azo- or azoxy-compounds import price increased by +61.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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