Brazil: Hydantoin Market 2024

Hydantoin Market Size in Brazil

The Brazilian hydantoin market contracted to $X in 2022, shrinking by -11.5% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.0% against 2020 indices. Hydantoin consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hydantoin Production in Brazil

In value terms, hydantoin production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Hydantoin Exports

Exports from Brazil

In 2022, hydantoin exports from Brazil skyrocketed to X tons, with an increase of 192% on the previous year. Over the period under review, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydantoin exports skyrocketed to $X in 2022. Overall, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for hydantoin exports from Brazil, accounting for a 65% share of total exports. Moreover, hydantoin exports to Argentina exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was held by Chile (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled +205.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.9% per year) and Chile (-6.4% per year).

In value terms, Argentina ($X) emerged as the key foreign market for hydantoin and its derivatives exports from Brazil, comprising 59% of total exports. The second position in the ranking was held by Mexico ($X), with a 27% share of total exports. It was followed by Chile, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled +176.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+3.4% per year) and Chile (-5.2% per year).

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, jumping by 15% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Colombia ($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 Chile (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hydantoin Imports

Imports into Brazil

Hydantoin imports into Brazil contracted to X tons in 2022, shrinking by -9% compared with 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydantoin imports amounted to $X in 2022. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 76%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Israel (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hydantoin imports to Brazil, together comprising 87% of total imports. The United States, India, Italy and Switzerland lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +71.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of hydantoin and its derivatives to Brazil, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Italy (+43.8% per year).

Import Prices by Country

In 2022, the average hydantoin import price amounted to $X per ton, with an increase of 11% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydantoin import price increased by +98.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 79% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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