Brazil: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Brazil

The Brazilian aromatic hydrocarbon mixtures market contracted to $X in 2022, declining by -6.7% against the previous year. Overall, consumption continues to indicate a deep setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Production in Brazil

In value terms, aromatic hydrocarbon mixtures production reduced to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 26%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Brazil

In 2022, shipments abroad of naphthalene and other aromatic hydrocarbon mixtures increased by 13% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 316% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, aromatic hydrocarbon mixtures exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 528% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Brazil, with a 71% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.4% per year) and Belgium (+55.5% per year).

In value terms, the United States ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Brazil, comprising 78% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Belgium, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.0% per year) and Belgium (+57.9% per year).

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, jumping by 55% against the previous year. In general, the export price showed a moderate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Austria ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Hydrocarbon Mixtures Imports

Imports into Brazil

Aromatic hydrocarbon mixtures imports into Brazil surged to X tons in 2022, growing by 26% on the previous year. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 102% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports skyrocketed to $X in 2022. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of aromatic hydrocarbon mixtures to Brazil, accounting for a 96% share of total imports. It was followed by Argentina (X tons), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +8.3%.

In value terms, the United States ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Brazil, comprising 96% of total imports. The second position in the ranking was taken by Argentina ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +12.2%.

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, picking up by 73% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures import price increased by +117.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%).

Source: IndexBox Platform

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