MERCOSUR: Epoxide Resin Market 2024

Epoxide Resin Market Size in MERCOSUR

In 2021, after two years of decline, there was significant growth in the MERCOSUR epoxide resin market, when its value increased by 21% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Epoxide Resin Production in MERCOSUR

In value terms, epoxide resin production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Epoxide Resin Exports

Exports in MERCOSUR

In 2021, after two years of decline, there was significant growth in shipments abroad of epoxide resins, when their volume increased by 35% to X tons. Over the period under review, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, epoxide resin exports soared to $X in 2021. In general, exports, however, showed a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, accounting for X tons, which was near 85% of total exports in 2021. It was distantly followed by Chile (X tons), constituting an 8.9% share of total exports. Colombia (X tons) took a relatively small share of total exports.

Exports from Brazil decreased at an average annual rate of -6.4% from 2012 to 2021. At the same time, Colombia (+5.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +5.0% from 2012-2021. Chile experienced a relatively flat trend pattern. While the share of Chile (+3.4 p.p.) and Colombia (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-6.2 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest epoxide resin supplier in MERCOSUR, comprising 81% of total exports. The second position in the ranking was held by Chile ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled -6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+1.8% per year) and Colombia (+1.4% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, with an increase of 9.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 10%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Epoxide Resin Imports

Imports in MERCOSUR

Epoxide resin imports soared to X tons in 2021, with an increase of 34% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, epoxide resin imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a mild increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, finishing at X tons, which was near 67% of total imports in 2021. Argentina (X tons) took the second position in the ranking, followed by Chile (X tons), Colombia (X tons) and Peru (X tons). All these countries together took near 30% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of epoxide resins. At the same time, Ecuador (+9.4%) and Peru (+4.0%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +9.4% from 2012-2021. Colombia and Chile experienced a relatively flat trend pattern. By contrast, Argentina (-5.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Peru increased by +3.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported epoxide resins in MERCOSUR, comprising 69% of total imports. The second position in the ranking was held by Argentina ($X), with an 8.3% share of total imports. It was followed by Chile, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-4.0% per year) and Chile (+2.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, rising by 41% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform