MERCOSUR: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in MERCOSUR

The MERCOSUR market for lauric acid and other acids, their salts and esters was estimated at $X in 2021, increasing by 6.9% against the previous year. Overall, consumption, however, recorded a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in MERCOSUR

In value terms, production of lauric acid and other acids, their salts and esters expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced curtailment. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in MERCOSUR

In 2021, the amount of lauric acid and other acids, their salts and esters exported in MERCOSUR surged to X tons, increasing by 20% against 2020. Total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.6% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 33%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of lauric acid and other acids, their salts and esters soared to $X in 2021. Overall, exports saw moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Brazil (X tons), together reaching 99% of total export.

Brazil was also the fastest-growing in terms of the lauric acid and other acids, their salts and esters exports, with a CAGR of +1.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest lauric acid and other acids, their salts and esters supplier in MERCOSUR.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at +2.1%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, with an increase of 44% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +0.8% per year.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in MERCOSUR

In 2021, imports of lauric acid and other acids, their salts and esters in MERCOSUR rose modestly to X tons, surging by 2.2% against 2020 figures. Over the period under review, imports, however, recorded a slight slump. The growth pace was the most rapid in 2017 when imports increased by 28% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Brazil (X tons) was the largest importer of lauric acid and other acids, their salts and esters, generating 67% of total imports. Colombia (X tons) ranks second in terms of the total imports with a 16% share, followed by Argentina (8.9%). Chile (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -2.0% from 2012 to 2021. At the same time, Colombia (+4.1%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +4.1% from 2012-2021. Chile experienced a relatively flat trend pattern. By contrast, Argentina (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia increased by +6.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported lauric acid and other acids, their salts and esters in MERCOSUR, comprising 62% of total imports. The second position in the ranking was held by Colombia ($X), with a 17% share of total imports. It was followed by Argentina, with a 14% share.

In Brazil, imports of lauric acid and other acids, their salts and esters expanded at an average annual rate of +1.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+6.4% per year) and Argentina (+1.4% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, growing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform