Brazil: Propellant Powders Market 2024

Propellant Powders Market Size in Brazil

The Brazilian propellant powders market rose slightly to $X in 2021, surging by 4.3% 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 buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.5% against 2017 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Propellant Powders Exports

Exports from Brazil

In 2021, shipments abroad of propellant powders increased by 8% to X tons, rising for the fourth year in a row after three years of decline. In general, exports, however, saw a noticeable downturn. The growth pace was the most rapid in 2014 when exports increased by 295% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, propellant powders exports expanded notably to $X in 2021. Over the period under review, exports saw a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 503% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X tons), Argentina (X tons) and Uruguay (X kg) were the main destinations of propellant powders exports from Brazil, together comprising 99.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +10.1%), while shipments for the other leaders experienced a decline.

In value terms, Argentina ($X) remains the key foreign market for propellant powders exports from Brazil, comprising 66% of total exports. The second position in the ranking was held by Bolivia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+10.1% per year) and Uruguay (-8.6% per year).

Export Prices by Country

In 2021, the average propellant powders export price amounted to $X per ton, stabilizing at the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, propellant powders export price increased by +11.1% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 53%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Bolivia ($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 Argentina (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Propellant Powders Imports

Imports into Brazil

In 2021, approx. X tons of propellant powders were imported into Brazil; growing by 9.6% against 2020. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +74.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 35%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, propellant powders imports expanded slightly to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 +55.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest propellant powders supplier to Brazil, accounting for a 53% share of total imports. Moreover, propellant powders imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-11.1% per year) and Spain (+35.3% per year).

In value terms, the United States ($X) constituted the largest supplier of propellant powders to Brazil, comprising 52% of total imports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.1% per year) and Spain (+56.5% per year).

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, shrinking by -5.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2016 an increase of 25%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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