Brazil: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Brazil

The Brazilian ferro-cerium and pyrophoric alloys market contracted to $X in 2021, which is down by -10.9% against the previous year. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Brazil

In value terms, ferro-cerium and pyrophoric alloys production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 50%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Brazil

In 2021, after two years of decline, there was significant growth in overseas shipments of ferro-cerium and pyrophoric alloys, when their volume increased by 38% to X tons. Overall, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 88% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports soared to $X in 2021. In general, exports posted a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 64% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Brazil, with a 48% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to France exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by Peru (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+17.1% per year) and Peru (+37.6% per year).

In value terms, France ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Brazil, comprising 81% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by Guatemala, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+16.1% per year) and Guatemala (-5.7% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, growing by 4.3% against the previous year. In general, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 108% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Peru ($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 Argentina (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Brazil

In 2021, after two years of growth, there was significant decline in overseas purchases of ferro-cerium and pyrophoric alloys, when their volume decreased by -18.5% to X tons. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 37%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports plummeted to $X in 2021. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 33%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Bulgaria (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Brazil, with a combined 95% share of total imports. South Korea lagged somewhat behind, comprising a further 3.7%.

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 +270.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Bulgaria ($X) and South Korea ($X) constituted the largest ferro-cerium and pyrophoric alloys suppliers to Brazil, with a combined 90% share of total imports.

South Korea, with a CAGR of +142.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, waning by -15.8% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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