MERCOSUR: Cadmium Market 2024

Cadmium Market Size in MERCOSUR

After two years of growth, the MERCOSUR cadmium market decreased by -11.8% to $X in 2022. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Cadmium Production in MERCOSUR

In value terms, cadmium production shrank slightly to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.3% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 51% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Cadmium Exports

Exports in MERCOSUR

In 2022, exports of cadmium in MERCOSUR shrank notably to X tons, with a decrease of -15.3% compared with 2021. In general, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, cadmium exports dropped sharply to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 74% against the previous year. 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

In 2022, Peru (X tons) represented the largest exporter of cadmium in MERCOSUR, comprising 100% of total export.

Peru was also the fastest-growing in terms of the cadmium exports, with a CAGR of -1.4% from 2012 to 2022. From 2012 to 2022, the share of Peru increased by +6.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Peru, cadmium exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with a decrease of -2.1% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cadmium export price increased by +4.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +1.5% per year.

Cadmium Imports

Imports in MERCOSUR

In 2022, supplies from abroad of cadmium decreased by -94.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 292%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, cadmium imports dropped remarkably to $X in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 193%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Argentina prevails in imports structure, accounting for X tons, which was near 93% of total imports in 2022. It was distantly followed by Peru (X kg), constituting a 6.7% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cadmium imports into Argentina stood at -15.3%. Peru experienced a relatively flat trend pattern. Argentina (+31 p.p.) and Peru (+5.8 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, Argentina ($X) constitutes the largest market for imported cadmium in MERCOSUR, comprising 79% of total imports. The second position in the ranking was taken by Peru ($X), with an 18% share of total imports.

In Argentina, cadmium imports decreased by an average annual rate of -13.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by 84% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($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 Argentina (+1.7%).

Source: IndexBox Platform