Brazil: Phenols Market 2024

Phenols Market Size in Brazil

The Brazilian phenols market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, recorded a slight decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Phenols Production in Brazil

In value terms, phenols production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Phenols Exports

Exports from Brazil

In 2022, shipments abroad of phenols increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, phenols exports skyrocketed to $X in 2022. Over the period under review, exports saw a modest expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Chile (X tons), Argentina (X tons) and India (X tons) were the main destinations of phenols exports from Brazil, together accounting for X% of total exports. China and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Chile ($X), Argentina ($X) and India ($X) appeared to be the largest markets for phenols exported from Brazil worldwide, with a combined X% share of total exports. China and Belgium lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded 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

The average phenols export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 Belgium ($X per ton), while the average price for exports to India ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into Brazil

In 2022, imports of phenols into Brazil reduced modestly to X tons, which is down by X% on 2021 figures. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, phenols imports surged to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and South Africa (X tons) were the main suppliers of phenols imports to Brazil, with a combined X% share of total imports. Germany, Taiwan (Chinese), Lithuania, India, Russia, Israel and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest phenols suppliers to Brazil were the United States ($X), China ($X) and India ($X), together comprising X% of total imports. Germany, Lithuania, Taiwan (Chinese), Russia, Israel, South Africa and South Korea lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 phenols import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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