Brazil: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Brazil

The Brazilian magnesium hydroxide and peroxide market skyrocketed to $X in 2022, with an increase of 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Brazil

For the third consecutive year, Brazil recorded growth in shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, which increased by 70% to X tons in 2022. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 264% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports surged to $X in 2022. Over the period under review, exports, however, showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of magnesium hydroxide and peroxide exports from Brazil, with a combined 94% share of total exports. Belgium and Bolivia lagged somewhat behind, together comprising a further 5.4%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +80.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Bolivia ($X) appeared to be the largest markets for magnesium hydroxide and peroxide exported from Brazil worldwide, together comprising 92% of total exports. The Netherlands and Belgium lagged somewhat behind, together accounting for a further 6.4%.

Belgium, with a CAGR of +33.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 magnesium hydroxide and peroxide export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 205%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Germany ($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 Bolivia (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Brazil

After two years of decline, supplies from abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 45% to X tons in 2022. Overall, imports, however, showed a mild shrinkage. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Brazil, accounting for a 43% share of total imports. Moreover, magnesium hydroxide and peroxide imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and the Netherlands (+65.3% per year).

In value terms, the United States ($X), China ($X) and the Netherlands ($X) constituted the largest magnesium hydroxide and peroxide suppliers to Brazil, together comprising 85% of total imports.

The Netherlands, with a CAGR of +57.5%, 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 magnesium hydroxide and peroxide import price amounted to $X per ton, falling by -15.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 41%. As a result, import price attained the peak level of $X per ton, and then reduced dramatically in the following year.

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 the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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