MERCOSUR: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in MERCOSUR

In 2022, after six years of growth, there was decline in the MERCOSUR halogenated hydrocarbon derivative market, when its value decreased by -3.4% to $X. Overall, consumption, however, recorded a strong expansion. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Halogenated Hydrocarbon Derivative Production in MERCOSUR

In value terms, halogenated hydrocarbon derivative production amounted to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 60% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports in MERCOSUR

For the fourth consecutive year, MERCOSUR recorded growth in overseas shipments of halogenated derivatives of hydrocarbons, which increased by 98% to X tons in 2022. Overall, exports enjoyed a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, halogenated hydrocarbon derivative exports soared to $X in 2022. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 129%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of halogenated derivatives of hydrocarbons in MERCOSUR, constituting 100% of total export.

Brazil was also the fastest-growing in terms of the halogenated derivatives of hydrocarbons exports, with a CAGR of +11.4% from 2012 to 2022. Brazil (+50 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest halogenated hydrocarbon derivative supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +16.8%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by 9.8% against the previous year. Overall, the export price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2021 an increase of 59%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +4.9% per year.

Halogenated Hydrocarbon Derivative Imports

Imports in MERCOSUR

In 2022, the amount of halogenated derivatives of hydrocarbons imported in MERCOSUR declined to X tons, dropping by -4.4% on the year before. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 39% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports declined to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Colombia (X tons) was the major importer of halogenated derivatives of hydrocarbons, creating 63% of total imports. It was distantly followed by Brazil (X tons), comprising a 33% share of total imports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +14.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest halogenated hydrocarbon derivative importing markets in MERCOSUR were Colombia ($X), Brazil ($X) and Argentina ($X), together comprising 96% of total imports.

In terms of the main importing countries, Brazil, with a CAGR of +6.5%, recorded the highest growth rate of the value of imports, 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 2022, with a decrease of -1.7% against the previous year. Overall, the import price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2021 when the import price increased by 50%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($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 (+6.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform