Brazil: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Brazil

In 2022, the Brazilian halogenated hydrocarbon derivative market decreased by -1.5% to $X, falling for the second consecutive year after four years of growth. In general, consumption continues to indicate a mild reduction. Halogenated hydrocarbon derivative consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Halogenated Hydrocarbon Derivative Production in Brazil

In value terms, halogenated hydrocarbon derivative production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 4.2%. Halogenated hydrocarbon derivative production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Brazil

For the fourth consecutive year, Brazil recorded growth in shipments abroad of halogenated derivatives of hydrocarbons, which increased by 98% to X tons in 2022. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, halogenated hydrocarbon derivative exports skyrocketed to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 136%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for halogenated hydrocarbon derivative exports from Brazil, accounting for a 85% share of total exports. Moreover, halogenated hydrocarbon derivative exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +12.3%.

In value terms, the United States ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from Brazil, comprising 78% of total exports. The second position in the ranking was held by Argentina ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +20.4%.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, picking up by 10% against the previous year. In general, the export price continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 63%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.1%), while the prices for the other major destinations experienced mixed trend patterns.

Halogenated Hydrocarbon Derivative Imports

Imports into Brazil

In 2022, overseas purchases of halogenated derivatives of hydrocarbons decreased by -6.5% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2019 with an increase of 199%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports rose notably to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of halogenated hydrocarbon derivative to Brazil, accounting for a 67% share of total imports. Moreover, halogenated hydrocarbon derivative imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by India (X tons), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.0% per year) and India (+8.6% per year).

In value terms, the largest halogenated hydrocarbon derivative suppliers to Brazil were China ($X), the United States ($X) and India ($X), together comprising 92% of total imports.

The United States, with a CAGR of +12.6%, recorded 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

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, jumping by 19% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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