Brazil: Prepared Binders Market 2024

Prepared Binders Market Size in Brazil

In 2021, after nine years of growth, there was significant decline in the Brazilian prepared binders market, when its value decreased by -5.2% to $X. Over the period under review, consumption, however, enjoyed a strong expansion. Prepared binders consumption peaked at $X in 2020, and then declined in the following year.

Prepared Binders Production in Brazil

In value terms, prepared binders production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, posted strong growth. The growth pace was the most rapid in 2013 with an increase of 32%. Prepared binders production peaked at $X in 2020, and then declined in the following year.

Prepared Binders Exports

Exports from Brazil

After two years of decline, overseas shipments of prepared binders for foundry moulds or cores increased by 33% to X tons in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, prepared binders exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for prepared binders exports from Brazil, with a 57% share of total exports. Moreover, prepared binders exports to Chile exceeded the volume sent to the second major destination, Argentina (X tons), fourfold. Peru (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-4.6% per year) and Peru (+5.3% per year).

In value terms, Chile ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from Brazil, comprising 59% of total exports. The second position in the ranking was held by Mexico ($X), with a 17% share of total exports. It was followed by Peru, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+24.1% per year) and Peru (+3.4% per year).

Export Prices by Country

In 2021, the average prepared binders export price amounted to $X per ton, declining by -3.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 3.6% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Paraguay ($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 Colombia (+0.3%), while the prices for the other major destinations experienced a decline.

Prepared Binders Imports

Imports into Brazil

In 2021, the amount of prepared binders for foundry moulds or cores imported into Brazil reached X tons, picking up by 4.1% against the previous year's figure. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 65%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared binders imports surged to $X in 2021. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Canada (X tons) were the main suppliers of prepared binders imports to Brazil, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +71.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and China ($X) appeared to be the largest prepared binders suppliers to Brazil, together comprising 72% of total imports.

Canada, with a CAGR of +71.8%, saw the highest growth rate of 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

The average prepared binders import price stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :