MERCOSUR: Ethanal Market 2024

Ethanal Market Size in MERCOSUR

The MERCOSUR ethanal market dropped to $X in 2022, standing approx. at the previous year. Overall, consumption showed a mild curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ethanal Production in MERCOSUR

In value terms, ethanal production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible descent. The growth pace was the most rapid in 2014 with an increase of 17%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ethanal Exports

Exports in MERCOSUR

In 2022, shipments abroad of ethanal (acetaldehyde) decreased by -92.3% to X kg, falling for the second year in a row after two years of growth. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2013 when exports increased by 16,633% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ethanal exports contracted markedly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 15,620% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile prevails in exports structure, reaching X kg, which was near 94% of total exports in 2022. It was distantly followed by Brazil (X kg), committing a 6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ethanal exports from Chile stood at -6.9%. At the same time, Brazil (+21.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +21.1% from 2012-2022. While the share of Chile (+94 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-77.3 p.p.) displayed negative dynamics.

In value terms, the largest ethanal supplying countries in MERCOSUR were Chile ($X) and Brazil ($X).

Brazil, with a CAGR of +36.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by 675% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.6%).

Ethanal Imports

Imports in MERCOSUR

In 2022, the amount of ethanal (acetaldehyde) imported in MERCOSUR fell to X tons, with a decrease of -12.2% compared with the year before. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, ethanal imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Brazil dominates imports structure, finishing at X tons, which was approx. 84% of total imports in 2022. It was distantly followed by Venezuela (X kg) and Chile (X kg), together achieving a 12% share of total imports. Argentina (X kg) took a minor share of total imports.

Brazil was also the fastest-growing in terms of the ethanal (acetaldehyde) imports, with a CAGR of +3.1% from 2012 to 2022. Venezuela (-1.6%), Chile (-11.5%) and Argentina (-31.8%) illustrated a downward trend over the same period. Brazil (+52 p.p.) and Venezuela (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Argentina saw its share reduced by -3.7% and -47.4% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported ethanal (acetaldehyde) in MERCOSUR, comprising 85% of total imports. The second position in the ranking was held by Chile ($X), with a 7.1% share of total imports. It was followed by Argentina, with a 4.2% share.

In Brazil, ethanal imports expanded at an average annual rate of +13.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+1.4% per year) and Argentina (-21.8% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by 49%. The level of import peaked at $X per ton in 2021, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+14.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform