Brazil: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Brazil

The Brazilian market for inorganic oxygen compounds of non-metals expanded notably to $X in 2021, picking up by 6.2% 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). Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.5% against 2016 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Brazil

In 2021, shipments abroad of inorganic oxygen compounds of non-metals increased by 96% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a moderate increase. The pace of growth appeared the most rapid in 2017 with an increase of 560% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports skyrocketed to $X in 2021. Overall, exports recorded measured growth. The pace of growth appeared the most rapid in 2017 when exports increased by 522% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Brazil, accounting for a 91% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Chile exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold. The third position in this ranking was taken by Uruguay (X kg), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-4.0% per year) and Uruguay (-13.3% per year).

In value terms, Chile ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Brazil, comprising 88% of total exports. The second position in the ranking was held by Uruguay ($X), with a 5.3% share of total exports. It was followed by Paraguay, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-15.9% per year) and Paraguay (+0.6% per year).

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, picking up by 5.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 534%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to France ($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 the UK (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Brazil

In 2021, purchases abroad of inorganic oxygen compounds of non-metals decreased by -12.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 64% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, inorganic oxygen compounds of non-metals imports soared to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.0% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Morocco (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Brazil, accounting for a 56% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from Morocco exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Morocco stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+281.2% per year) and China (+1.8% per year).

In value terms, Morocco ($X), Belgium ($X) and Hong Kong SAR ($X) constituted the largest inorganic oxygen compounds of non-metals suppliers to Brazil, with a combined 67% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +281.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, growing by 33% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Hong Kong SAR ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :