MERCOSUR: Isocyanates Market 2024

Isocyanates Market Size in MERCOSUR

After two years of growth, the MERCOSUR isocyanates market decreased by X% to $X in 2022. Over the period under review, consumption recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Isocyanates Production in MERCOSUR

In value terms, isocyanates production contracted slightly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Isocyanates Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in shipments abroad of isocyanates, when their volume decreased by X% to X tons. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, isocyanates exports contracted dramatically to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Argentina (X tons) was the key exporter of isocyanates, committing X% of total exports. Colombia (X tons) held the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held near X% share of total exports. The following exporters - Chile (X tons) and Ecuador (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Colombia ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Chile and Ecuador lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Isocyanates Imports

Imports in MERCOSUR

After two years of growth, supplies from abroad of isocyanates decreased by X% to X tons in 2022. Over the period under review, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, isocyanates imports dropped modestly to $X in 2022. In general, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the key importing country with an import of around X tons, which resulted at X% of total imports. Colombia (X tons) ranks second in terms of the total imports with a X% share, followed by Peru (X%). The following importers - Ecuador (X tons), Chile (X tons) and Argentina (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to isocyanates imports into Brazil stood at X%. At the same time, Argentina (X%), Peru (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) and Chile (X%) illustrated a downward trend over the same period. Peru (X p.p.), Colombia (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Chile saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, isocyanates imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform