MERCOSUR: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in MERCOSUR

The MERCOSUR industrial monocarboxylic fatty acids market contracted to $X in 2021, declining by -5.5% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Industrial Monocarboxylic Fatty Acids in MERCOSUR

In value terms, industrial monocarboxylic fatty acids production contracted to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in MERCOSUR

In 2021, shipments abroad of industrial monocarboxylic fatty acids increased by 61% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. Overall, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina dominates exports structure, recording X tons, which was near 86% of total exports in 2021. It was distantly followed by Peru (X tons), creating a 4.9% share of total exports. The following exporters - Ecuador (X tons) and Brazil (X tons) - together made up 7.7% of total exports.

From 2012 to 2021, average annual rates of growth with regard to industrial monocarboxylic fatty acids exports from Argentina stood at +10.1%. At the same time, Peru (+11.0%) and Ecuador (+3.2%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +11.0% from 2012-2021. By contrast, Brazil (-11.9%) illustrated a downward trend over the same period. Argentina (+18 p.p.) significantly strengthened its position in terms of the total exports, while Ecuador and Brazil saw its share reduced by -1.8% and -17% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest industrial monocarboxylic fatty acids supplier in MERCOSUR, comprising 78% of total exports. The second position in the ranking was taken by Peru ($X), with a 9.2% share of total exports. It was followed by Brazil, with a 7.6% share.

In Argentina, industrial monocarboxylic fatty acids exports expanded at an average annual rate of +9.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Peru (+17.7% per year) and Brazil (-10.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, rising by 22% against the previous year. Overall, the export price, however, showed a slight decline. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in MERCOSUR

In 2021, approx. X tons of industrial monocarboxylic fatty acids were imported in MERCOSUR; picking up by 62% compared with the previous year. Over the period under review, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile was the major importing country with an import of around X tons, which finished at 76% of total imports. It was distantly followed by Brazil (X tons), generating a 15% share of total imports. The following importers - Colombia (X tons) and Guyana (X tons) - together made up 4.8% of total imports.

Imports into Chile increased at an average annual rate of +22.6% from 2012 to 2021. At the same time, Guyana (+108.8%) and Colombia (+6.8%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +108.8% from 2012-2021. By contrast, Brazil (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile and Guyana increased by +42 and +1.9 percentage points, respectively.

In value terms, the largest industrial monocarboxylic fatty acids importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Guyana ($X), with a combined 92% share of total imports.

Among the main importing countries, Guyana, with a CAGR of +78.5%, saw 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

In 2021, the import price in MERCOSUR amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2017 an increase of 17%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 ($X per ton), while Colombia ($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 (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform