MERCOSUR: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in MERCOSUR

After two years of decline, the MERCOSUR ethyl acetate market increased by 12% to $X in 2021. Over the period under review, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ethyl Acetate Production in MERCOSUR

In value terms, ethyl acetate production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ethyl Acetate Exports

Exports in MERCOSUR

In 2021, exports of ethyl acetate in MERCOSUR surged to X tons, growing by 34% on the previous year. In general, exports continue to indicate modest growth. The growth pace was the most rapid in 2018 when exports increased by 60%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, ethyl acetate exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 65% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from Brazil (X tons), together finishing at 99% of total export.

Brazil was also the fastest-growing in terms of the ethyl acetate exports, with a CAGR of +1.9% from 2012 to 2021. While the share of Brazil (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest ethyl acetate supplier in MERCOSUR.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, jumping by 23% against the previous year. Overall, the export price, however, showed a slight setback. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -1.3% per year.

Ethyl Acetate Imports

Imports in MERCOSUR

In 2021, after three years of decline, there was significant growth in overseas purchases of ethyl acetate, when their volume increased by 16% to X tons. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 30%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, ethyl acetate imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina was the major importer of ethyl acetate in MERCOSUR, with the volume of imports recording X tons, which was near 38% of total imports in 2021. It was distantly followed by Colombia (X tons), Chile (X tons), Ecuador (X tons) and Peru (X tons), together committing a 52% share of total imports. Paraguay (X tons) and Brazil (X tons) followed a long way behind the leaders.

Argentina was also the fastest-growing in terms of the ethyl acetate imports, with a CAGR of +20.1% from 2012 to 2021. At the same time, Paraguay (+16.4%), Colombia (+8.5%) and Peru (+1.3%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Ecuador (-3.6%) and Brazil (-6.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Argentina, Colombia and Paraguay increased by +28, +5.8 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ethyl acetate importing markets in MERCOSUR were Argentina ($X), Colombia ($X) and Chile ($X), together accounting for 68% of total imports.

Argentina, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, growing by 17% against the previous year. In general, the import price, however, recorded a mild decrease. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Brazil ($X per ton) and Paraguay ($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 Brazil (+4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform