Brazil: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Brazil

In 2021, the Brazilian double or complex silicates market increased by 13% to $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Double Or Complex Silicates in Brazil

In value terms, double or complex silicates production rose rapidly to $X in 2021 estimated in export price. In general, production, however, saw a mild descent. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Double Or Complex Silicates

Exports from Brazil

In 2021, overseas shipments of double or complex silicates decreased by -52% to X tons, falling for the third consecutive year after three years of growth. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of 318%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, double or complex silicates exports dropped to $X in 2021. Over the period under review, exports recorded a pronounced decrease. The growth pace was the most rapid in 2016 with an increase of 291% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons), Mexico (X tons) and Argentina (X tons) were the main destinations of double or complex silicates exports from Brazil, with a combined 78% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +108.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for double or complex silicates exported from Brazil were Argentina ($X), the United States ($X) and Mexico ($X), with a combined 48% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +124.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, with an increase of 88% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates export price increased by +116.6% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Paraguay ($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 Mexico (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double Or Complex Silicates

Imports into Brazil

In 2021, the amount of double or complex silicates imported into Brazil surged to X tons, growing by 15% on 2020. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, double or complex silicates imports skyrocketed to $X in 2021. Overall, imports, however, saw a slight contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of double or complex silicates imports to Brazil, together comprising 65% of total imports. These countries were followed by Slovenia, the Netherlands, Argentina and South Korea, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +34.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates suppliers to Brazil were Germany ($X), the United States ($X) and China ($X), together accounting for 76% of total imports. These countries were followed by the Netherlands, Slovenia, South Korea and Argentina, which together accounted for a further 13%.

Among the main suppliers, South Korea, with a CAGR of +48.8%, saw 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 double or complex silicates import price stood at $X per ton in 2021, surging by 35% against the previous year. Overall, the import price recorded a resilient increase. As a result, import price attained 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 Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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