Brazil: Ether Market 2024

Ether Market Size in Brazil

The Brazilian ether market expanded modestly to $X in 2022, increasing by 4.3% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Ether consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ether Production in Brazil

In value terms, ether production reached $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 2.6% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Ether Exports

Exports from Brazil

In 2022, approx. X tons of ethers were exported from Brazil; falling by -12.5% on the year before. Over the period under review, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ether exports skyrocketed to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 119%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of ether exports from Brazil, with a combined 90% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +66.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ether exported from Brazil were the United States ($X), the Netherlands ($X) and Belgium ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +59.0%, saw the highest rates of growth with regard to 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

In 2022, the average ether export price amounted to $X per ton, increasing by 49% against the previous year. Over the period under review, the export price recorded a modest increase. As a result, the export price attained 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 Argentina ($X per ton), while the average price for exports to Bahamas ($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 Bahamas (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Brazil

In 2022, the amount of ethers imported into Brazil soared to X tons, surging by 25% compared with 2021 figures. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +70.8% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ether imports surged to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +68.8% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest ether supplier to Brazil, accounting for a 48% share of total imports. Moreover, ether imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.5% per year) and Saudi Arabia (+34.8% per year).

In value terms, the United States ($X), China ($X) and India ($X) were the largest ether suppliers to Brazil, together accounting for 68% of total imports. Saudi Arabia, Germany, Argentina, France, South Korea, the United Arab Emirates and Thailand lagged somewhat behind, together comprising a further 23%.

The United Arab Emirates, with a CAGR of +99.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average ether import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 20%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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