Brazil: Thiosulphates Market 2024

Thiosulphates Market Size in Brazil

In 2021, the Brazilian thiosulphates market decreased by -12.6% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, enjoyed a measured expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Thiosulphates Exports

Exports from Brazil

In 2021, thiosulphates exports from Brazil soared to X tons, with an increase of 109% compared with the previous year. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 165% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, thiosulphates exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 401% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for thiosulphates exports from Brazil, accounting for a 76% share of total exports. Moreover, thiosulphates exports to Paraguay exceeded the volume sent to the second major destination, Germany (X tons), tenfold. Romania (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay stood at +85.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24,736.8% per year) and Romania (0.0% per year).

In value terms, Paraguay ($X) remains the key foreign market for thiosulphates exports from Brazil, comprising 48% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by Panama, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay stood at +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18,471.4% per year) and Panama (+282.9% per year).

Export Prices by Country

In 2021, the average thiosulphates export price amounted to $X per ton, picking up by 80% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 89%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Bolivia ($X per ton), while the average price for exports to Paraguay ($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 Hong Kong SAR (+84.5%), while the prices for the other major destinations experienced more modest paces of growth.

Thiosulphates Imports

Imports into Brazil

In 2021, supplies from abroad of thiosulphates increased by 11% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 80% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, thiosulphates imports declined to $X in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of thiosulphates imports to Brazil, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +376.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of thiosulphates to Brazil, comprising 44% of total imports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total imports. It was followed by China, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+188.1% per year) and China (+2.2% per year).

Import Prices by Country

The average thiosulphates import price stood at $X per ton in 2021, declining by -17.3% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 83% against the previous year. Over the period under review, average import prices attained the peak figure 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, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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