MERCOSUR: Alkyd Resins Market 2024

Alkyd Resins Market Size in MERCOSUR

The MERCOSUR alkyd resins market contracted to $X in 2022, reducing by -4.9% against the previous year. Overall, consumption showed a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Alkyd Resins Production in MERCOSUR

In value terms, alkyd resins production fell modestly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Alkyd Resins Exports

Exports in MERCOSUR

In 2022, shipments abroad of alkyd resins in primary forms increased by 4.3% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, alkyd resins exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Colombia (X tons), Brazil (X tons) and Argentina (X tons), together resulting at 96% of total export. The following exporters - Ecuador (X tons) and Chile (X tons) - each finished at a 4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +26.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest alkyd resins supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Argentina ($X), together comprising 97% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +29.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of 29% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.7%), while the other leaders experienced more modest paces of growth.

Alkyd Resins Imports

Imports in MERCOSUR

In 2022, approx. X tons of alkyd resins in primary forms were imported in MERCOSUR; shrinking by -14.7% compared with the previous year. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 40%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, alkyd resins imports reached $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Paraguay (X tons) and Brazil (X tons) were the main importers of alkyd resins in primary forms in MERCOSUR, together mixing up 45% of total imports. Guyana (X tons) ranks next in terms of the total imports with a 13% share, followed by Uruguay (12%), Chile (7.8%) and Colombia (6.5%). The following importers - Peru (X tons) and Argentina (X tons) - each amounted to an 8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Peru (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Paraguay ($X) and Guyana ($X) were the countries with the highest levels of imports in 2022, with a combined 65% share of total imports. Uruguay, Chile, Colombia, Argentina and Peru lagged somewhat behind, together accounting for a further 29%.

Among the main importing countries, Peru, with a CAGR of +8.0%, saw the highest rates of growth with regard to 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

The import price in MERCOSUR stood at $X per ton in 2022, surging by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform