MERCOSUR: Acrylonitrile Market 2024

Acrylonitrile Market Size in MERCOSUR

The MERCOSUR acrylonitrile market stood at $X in 2021, stabilizing at the previous year. In general, consumption showed a pronounced slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Acrylonitrile Production in MERCOSUR

In value terms, acrylonitrile production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Acrylonitrile Exports

Exports in MERCOSUR

In 2021, after two years of decline, there was significant growth in overseas shipments of acrylonitrile, when their volume increased by 63% to X tons. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 72%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, acrylonitrile exports surged to $X in 2021. Overall, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Brazil (X tons), together finishing at 99.9% of total export.

Brazil was also the fastest-growing in terms of the acrylonitrile exports, with a CAGR of +3.7% from 2012 to 2021. From 2012 to 2021, the share of Brazil increased by +3.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest acrylonitrile supplier in MERCOSUR.

In Brazil, acrylonitrile exports expanded at an average annual rate of +6.0% over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, picking up by 99% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +2.2% per year.

Acrylonitrile Imports

Imports in MERCOSUR

In 2021, after two years of decline, there was significant growth in overseas purchases of acrylonitrile, when their volume increased by 156% to X tons. Total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, acrylonitrile imports soared to $X in 2021. Overall, imports showed noticeable growth. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Peru dominates imports structure, finishing at X tons, which was approx. 95% of total imports in 2021. The following importers - Argentina (X tons) and Venezuela (X tons) - each reached a 4% share of total imports.

Imports into Peru increased at an average annual rate of +1.3% from 2012 to 2021. At the same time, Venezuela (+63.2%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +63.2% from 2012-2021. By contrast, Argentina (-2.8%) illustrated a downward trend over the same period. Venezuela (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) constitutes the largest market for imported acrylonitrile in MERCOSUR, comprising 95% of total imports. The second position in the ranking was held by Argentina ($X), with a 3.7% share of total imports.

In Peru, acrylonitrile imports expanded at an average annual rate of +2.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+1.4% per year) and Venezuela (+33.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, rising by 17% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acrylonitrile import price increased by +6.1% against 2018 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 37% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform