MERCOSUR: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in MERCOSUR

The MERCOSUR ferro-cerium and pyrophoric alloys market shrank to $X in 2021, waning by -9.5% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in MERCOSUR

In value terms, ferro-cerium and pyrophoric alloys production dropped to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.1% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 41%. The level of production peaked at $X in 2020, and then fell in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in MERCOSUR

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 61% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. In general, exports showed a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the key exporting country with an export of around X tons, which reached 57% of total exports. It was distantly followed by Argentina (X tons) and Colombia (X tons), together committing a 42% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys exports from Brazil stood at -5.8%. At the same time, Argentina (+22.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +22.1% from 2012-2021. By contrast, Colombia (-8.1%) illustrated a downward trend over the same period. While the share of Argentina (+26 p.p.) and Brazil (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Colombia (-1.7 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in MERCOSUR, comprising 89% of total exports. The second position in the ranking was taken by Colombia ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +11.1%. In the other countries, the average annual rates were as follows: Colombia (-13.3% per year) and Argentina (+27.8% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, shrinking by -5.7% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the export price increased by 68%. The level of export peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($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 (+17.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in MERCOSUR

In 2021, imports of ferro-cerium and pyrophoric alloys in MERCOSUR totaled X tons, increasing by 13% compared with 2020. Overall, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by 26%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports shrank modestly to $X in 2021. In general, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile represented the key importing country with an import of about X tons, which recorded 47% of total imports. Brazil (X tons) held the second position in the ranking, distantly followed by Peru (X tons) and Suriname (X tons). All these countries together held approx. 43% share of total imports. Argentina (X tons), Paraguay (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Suriname (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) were the countries with the highest levels of imports in 2021, together accounting for 88% of total imports. Paraguay, Suriname, Argentina and Uruguay lagged somewhat behind, together comprising a further 9.7%.

Suriname, with a CAGR of +34.6%, recorded 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

The import price in MERCOSUR stood at $X per ton in 2021, shrinking by -13.3% against the previous year. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in 2013 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the 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 Paraguay ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform