MERCOSUR: Antimony Market 2024

Antimony Market Size in MERCOSUR

The MERCOSUR antimony market reduced rapidly to $X in 2022, which is down by -46.4% against the previous year. Overall, consumption continues to indicate a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Antimony Production in MERCOSUR

In value terms, antimony production declined slightly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Antimony Exports

Exports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in shipments abroad of antimony, which increased by 79% to X tons in 2022. Over the period under review, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, antimony exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru represented the main exporting country with an export of about X tons, which accounted for 64% of total exports. It was distantly followed by Colombia (X tons), achieving a 36% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +53.8%).

In value terms, Peru ($X) remains the largest antimony supplier in MERCOSUR, comprising 89% of total exports. The second position in the ranking was held by Colombia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru totaled +69.3%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by 43% against the previous year. In general, the export price continues to indicate a prominent expansion. 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 Peru ($X per ton), while Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+10.1%).

Antimony Imports

Imports in MERCOSUR

Antimony imports contracted markedly to X tons in 2022, with a decrease of -25% against the previous year's figure. Over the period under review, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, antimony imports contracted to $X in 2022. Overall, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 187% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil prevails in imports structure, resulting at X tons, which was approx. 75% of total imports in 2022. It was distantly followed by Argentina (X tons), Peru (X tons) and Colombia (X tons), together comprising a 17% share of total imports. The following importers - Ecuador (X tons), Chile (X tons) and Venezuela (X tons) - together made up 7.9% of total imports.

Imports into Brazil decreased at an average annual rate of -4.4% from 2012 to 2022. At the same time, Ecuador (+17.5%), Peru (+4.9%) and Colombia (+3.8%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +17.5% from 2012-2022. By contrast, Argentina (-2.2%), Venezuela (-10.5%) and Chile (-10.9%) illustrated a downward trend over the same period. Ecuador (+3.3 p.p.), Peru (+3.3 p.p.) and Colombia (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Venezuela, Chile and Brazil saw its share reduced by -2.2%, -2.4% and -5.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported antimony in MERCOSUR, comprising 80% of total imports. The second position in the ranking was held by Argentina ($X), with a 6% share of total imports. It was followed by Colombia, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled -3.3%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-3.7% per year) and Colombia (+16.0% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by 32% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 37%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Venezuela ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform