MERCOSUR: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in MERCOSUR

In 2022, the MERCOSUR azo- or azoxy-compounds market increased by 36% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +100.3% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Azo- Or Azoxy-Compounds Production in MERCOSUR

In value terms, azo- or azoxy-compounds production dropped to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. The level of production peaked at $X in 2021, and then reduced modestly in the following year.

Azo- Or Azoxy-Compounds Exports

Exports in MERCOSUR

In 2022, the amount of diazo-, azo- or azoxy-compounds exported in MERCOSUR surged to X tons, picking up by 45% against the previous year. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 128% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons) represented the main exporter of diazo-, azo- or azoxy-compounds, mixing up 43% of total exports. Peru (X tons) ranks second in terms of the total exports with a 27% share, followed by Colombia (17%) and Argentina (12%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest azo- or azoxy-compounds supplier in MERCOSUR, comprising 66% of total exports. The second position in the ranking was held by Colombia ($X), with a 13% share of total exports. It was followed by Peru, with a 12% share.

In Brazil, azo- or azoxy-compounds exports declined by an average annual rate of -12.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-12.8% per year) and Peru (+26.6% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by 20% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.8%), while the other leaders experienced a decline in the export price figures.

Azo- Or Azoxy-Compounds Imports

Imports in MERCOSUR

In 2022, approx. X tons of diazo-, azo- or azoxy-compounds were imported in MERCOSUR; with an increase of 15% on the year before. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, azo- or azoxy-compounds imports soared to $X in 2022. Overall, imports posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil prevails in imports structure, recording X tons, which was near 88% of total imports in 2022. It was distantly followed by Argentina (X tons), comprising a 6% share of total imports. Colombia (X tons) and Peru (X tons) took a minor share of total imports.

Brazil was also the fastest-growing in terms of the diazo-, azo- or azoxy-compounds imports, with a CAGR of +5.7% from 2012 to 2022. Colombia experienced a relatively flat trend pattern. Argentina (-1.1%) and Peru (-2.0%) illustrated a downward trend over the same period. Brazil (+11 p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Argentina saw its share reduced by -1.5% and -4.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported diazo-, azo- or azoxy-compounds in MERCOSUR, comprising 90% of total imports. The second position in the ranking was taken by Argentina ($X), with a 4.2% share of total imports. It was followed by Colombia, with a 1.9% share.

In Brazil, azo- or azoxy-compounds imports expanded at an average annual rate of +10.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-1.5% per year) and Colombia (-6.6% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2021 when the import price increased by 23%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Brazil ($X per ton) and Peru ($X per ton), while Argentina ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform