MERCOSUR: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in MERCOSUR

In 2021, the MERCOSUR dicalcium phosphate market increased by 33% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Dicalcium Phosphate Production in MERCOSUR

In value terms, dicalcium phosphate production contracted to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 3.2% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Dicalcium Phosphate Exports

Exports in MERCOSUR

In 2021, overseas shipments of calcium hydrogenorthophosphate (dicalcium phosphate) were finally on the rise to reach X tons after two years of decline. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.1% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 20%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, dicalcium phosphate exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Peru dominates exports structure, reaching X tons, which was near 91% of total exports in 2021. It was distantly followed by Brazil (X tons), creating an 8.4% share of total exports.

Exports from Peru increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Brazil (+5.5%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +5.5% from 2012-2021. Brazil (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest dicalcium phosphate supplier in MERCOSUR, comprising 90% of total exports. The second position in the ranking was held by Brazil ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Peru amounted to +1.4%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, jumping by 26% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.0%).

Dicalcium Phosphate Imports

Imports in MERCOSUR

In 2021, supplies from abroad of calcium hydrogenorthophosphate (dicalcium phosphate) increased by 22% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.7% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 54%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, dicalcium phosphate imports skyrocketed to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.5% against 2019 indices. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Brazil represented the main importer of calcium hydrogenorthophosphate (dicalcium phosphate) in MERCOSUR, with the volume of imports resulting at X tons, which was near 61% of total imports in 2021. Chile (X tons) ranks second in terms of the total imports with an 18% share, followed by Ecuador (9.1%) and Paraguay (4.8%). Uruguay (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to dicalcium phosphate imports into Brazil stood at +11.8%. At the same time, Paraguay (+24.7%), Ecuador (+4.7%) and Uruguay (+3.6%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +24.7% from 2012-2021. By contrast, Chile (-1.3%) and Peru (-4.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Paraguay increased by +26 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported calcium hydrogenorthophosphate (dicalcium phosphate) in MERCOSUR, comprising 63% of total imports. The second position in the ranking was held by Chile ($X), with a 16% share of total imports. It was followed by Ecuador, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at +14.4%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (-3.0% per year) and Ecuador (+1.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, increasing by 26% against the previous year. Overall, the import price, however, saw a slight descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Paraguay ($X per ton) and Uruguay ($X per ton), while Ecuador ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform