Brazil: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Brazil

In 2021, the Brazilian cyclic hydrocarbons market increased by 4.7% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a mild downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Brazil

In value terms, cyclic hydrocarbons production expanded markedly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 32%. Cyclic hydrocarbons production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Brazil

In 2021, overseas shipments of other cyclic hydrocarbons increased by 400% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cyclic hydrocarbons exports from Brazil, with a 47% share of total exports. Moreover, cyclic hydrocarbons exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+244.4% per year) and the Netherlands (+984.9% per year).

In value terms, the Netherlands ($X), the United States ($X) and Mexico ($X) were the largest markets for cyclic hydrocarbons exported from Brazil worldwide, together accounting for 91% of total exports.

The Netherlands, with a CAGR of +676.0%, saw the highest growth rate of the value of exports, among 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 2021, the average cyclic hydrocarbons export price amounted to $X per ton, with an increase of 27% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cyclic hydrocarbons export price increased by +105.8% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Mexico ($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 United States (-1.6%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Brazil

In 2021, overseas purchases of other cyclic hydrocarbons decreased by -27.8% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 74%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports declined remarkably to $X in 2021. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 89%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest cyclic hydrocarbons supplier to Brazil, accounting for a 57% share of total imports. Moreover, cyclic hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Israel (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.5% per year) and Israel (-21.5% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest cyclic hydrocarbons suppliers to Brazil, together accounting for 87% of total imports.

China, with a CAGR of +16.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, growing by 1.6% against the previous year. In general, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2015 an increase of 36%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Israel ($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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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