Brazil: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Brazil

The Brazilian reaction initiators and accelerators market fell slightly to $X in 2022, which is down by -3.4% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Brazil

In value terms, reaction initiators and accelerators production dropped modestly to $X in 2022 estimated in export price. In general, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 70%. Reaction initiators and accelerators production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Brazil

In 2022, overseas shipments of reaction initiators, reaction accelerators and catalytic preparations increased by 59% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports soared to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 68%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Mexico (X tons) and the Netherlands (X tons) were the main destinations of reaction initiators and accelerators exports from Brazil, together comprising 62% of total exports. Argentina, the United States, Uruguay and Spain lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +237.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and Argentina ($X) were the largest markets for reaction initiators and accelerators exported from Brazil worldwide, with a combined 62% share of total exports. Colombia, the Netherlands, Uruguay and Spain lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Spain, with a CAGR of +210.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, which is down by -13.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 48%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 the Netherlands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Brazil

Reaction initiators and accelerators imports into Brazil stood at X tons in 2022, increasing by 11% against 2021 figures. In general, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.7% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 67% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports surged to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +56.8% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of reaction initiators and accelerators imports to Brazil, together accounting for 59% of total imports. Argentina, the UK, Finland, India, France, Denmark, Japan, the Netherlands, Belgium and Italy lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reaction initiators and accelerators suppliers to Brazil were Argentina ($X), the United States ($X) and Germany ($X), with a combined 71% share of total imports. China, Italy, Japan, France, the UK, India, Denmark, the Netherlands, Finland and Belgium lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, India, with a CAGR of +25.5%, saw the highest growth rate of the value of imports, 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 reaction initiators and accelerators import price amounted to $X per ton, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. The import price peaked in 2022 and is expected to retain 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 Argentina ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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