MERCOSUR: Feldspar Market 2024

Feldspar Market Size in MERCOSUR

In 2021, after three years of growth, there was significant decline in the MERCOSUR feldspar market, when its value decreased by -14% to $X. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.2% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Feldspar Production in MERCOSUR

In value terms, feldspar production shrank sharply to $X in 2021 estimated in export price. Overall, production, however, posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of 67% against the previous year. The level of production peaked at $X in 2020, and then reduced remarkably in the following year.

Feldspar Exports

Exports in MERCOSUR

In 2021, overseas shipments of feldspar decreased by -27.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a slight slump. The pace of growth appeared the most rapid in 2019 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, feldspar exports shrank sharply to $X in 2021. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 57%. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted significantly in the following year.

Exports by Country

In 2021, Argentina (X tons) was the major exporter of feldspar, constituting 54% of total exports. Peru (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (19%).

Argentina experienced a relatively flat trend pattern with regard to volume of exports of feldspar. At the same time, Peru (+4.5%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +4.5% from 2012-2021. By contrast, Brazil (-5.3%) illustrated a downward trend over the same period. While the share of Peru (+11 p.p.) and Argentina (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-7.2 p.p.) displayed negative dynamics.

In value terms, the largest feldspar supplying countries in MERCOSUR were Brazil ($X), Argentina ($X) and Peru ($X), together comprising 99% of total exports.

Brazil, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, picking up by 2.3% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, feldspar export price increased by +67.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

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 Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+15.8%), while the other leaders experienced mixed trends in the export price figures.

Feldspar Imports

Imports in MERCOSUR

In 2021, the amount of feldspar imported in MERCOSUR surged to X tons, increasing by 49% against the year before. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, feldspar imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X tons) and Peru (X tons) were the major importers of feldspar in 2021, recording near 39% and 30% of total imports, respectively. Colombia (X tons) ranks next in terms of the total imports with a 14% share, followed by Ecuador (9.4%). The following importers - Venezuela (X tons) and Brazil (X tons) - each reached a 6.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported feldspar in MERCOSUR, comprising 41% of total imports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total imports. It was followed by Peru, with an 18% share.

In Chile, feldspar imports increased at an average annual rate of +12.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+3.8% per year) and Peru (+14.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, rising by 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2015 when the import price increased by 8.2% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform