MERCOSUR: Antimony Oxides Market 2024

Antimony Oxides Market Size in MERCOSUR

In 2022, the MERCOSUR antimony oxides market increased by 11% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Antimony Oxides Production in MERCOSUR

In value terms, antimony oxides production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 29%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Antimony Oxides Exports

Exports in MERCOSUR

In 2022, after three years of decline, there was significant growth in shipments abroad of antimony oxides, when their volume increased by 192% to X tons. In general, exports, however, continue to indicate a deep contraction. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, antimony oxides exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia dominates exports structure, amounting to X tons, which was near 97% of total exports in 2022. Argentina (X kg) held a little share of total exports.

Colombia was also the fastest-growing in terms of the antimony oxides exports, with a CAGR of -6.5% from 2012 to 2022. Argentina (-10.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia increased by +52 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest antimony oxides supplier in MERCOSUR, comprising 97% of total exports. The second position in the ranking was held by Argentina ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Colombia stood at -7.0%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by 13% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 71%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-0.5%).

Antimony Oxides Imports

Imports in MERCOSUR

In 2022, the amount of antimony oxides imported in MERCOSUR fell to X tons, waning by -7.4% compared with the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, antimony oxides imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 81%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the largest importer of antimony oxides in MERCOSUR, with the volume of imports finishing at X tons, which was near 64% of total imports in 2022. Colombia (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (14%). The following importers - Peru (X tons) and Venezuela (X tons) - together made up 4.5% of total imports.

From 2012 to 2022, average annual rates of growth with regard to antimony oxides imports into Brazil stood at +2.6%. At the same time, Peru (+3.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +3.7% from 2012-2022. By contrast, Argentina (-2.2%), Colombia (-6.0%) and Venezuela (-8.1%) illustrated a downward trend over the same period. Brazil (+16 p.p.) significantly strengthened its position in terms of the total imports, while Venezuela, Argentina and Colombia saw its share reduced by -1.9%, -2.8% and -13.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported antimony oxides in MERCOSUR, comprising 69% of total imports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total imports. It was followed by Colombia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +1.3%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-3.1% per year) and Colombia (-5.7% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by 30% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 36% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform