MERCOSUR: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in MERCOSUR

In 2021, the MERCOSUR amine-function compounds market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a perceptible setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Amine-Function Compounds Production in MERCOSUR

In value terms, amine-function compounds production expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Amine-Function Compounds Exports

Exports in MERCOSUR

In 2021, shipments abroad of amine-function compounds increased by 42% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by 218%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, amine-function compounds exports soared to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 58% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Brazil (X tons), Colombia (X tons) and Uruguay (X tons), together resulting at 97% of total export. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +40.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest amine-function compounds supplier in MERCOSUR, comprising 71% of total exports. The second position in the ranking was taken by Uruguay ($X), with an 11% share of total exports. It was followed by Colombia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +7.2%. In the other countries, the average annual rates were as follows: Uruguay (+17.1% per year) and Colombia (-9.3% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, dropping by -7.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 37% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Colombia ($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 (+4.5%), while the other leaders experienced a decline in the export price figures.

Amine-Function Compounds Imports

Imports in MERCOSUR

In 2021, imports of amine-function compounds in MERCOSUR was estimated at X tons, surging by 2.8% compared with 2020 figures. In general, imports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a mild reduction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Brazil was the main importer of amine-function compounds in MERCOSUR, with the volume of imports amounting to X tons, which was near 65% of total imports in 2021. Colombia (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (13%). The following importers - Paraguay (X tons) and Chile (X tons) - each reached a 3.7% share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of amine-function compounds. At the same time, Paraguay (+34.0%) and Colombia (+6.4%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +34.0% from 2012-2021. Chile experienced a relatively flat trend pattern. By contrast, Argentina (-9.3%) illustrated a downward trend over the same period. While the share of Brazil (+9.9 p.p.), Colombia (+7.1 p.p.) and Paraguay (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Argentina (-15.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported amine-function compounds in MERCOSUR, comprising 66% of total imports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total imports. It was followed by Argentina, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Colombia (+6.8% per year) and Argentina (-7.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, with an increase of 17% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

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 Chile ($X per ton), while Paraguay ($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 (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform