MERCOSUR: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in MERCOSUR

In 2022, after two years of decline, there was growth in the MERCOSUR aromatic hydrocarbon mixtures market, when its value increased by 2.4% to $X. In general, consumption, however, showed a slight slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in MERCOSUR

In value terms, aromatic hydrocarbon mixtures production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports in MERCOSUR

In 2022, shipments abroad of naphthalene and other aromatic hydrocarbon mixtures increased by 15% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports surged to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) represented the main exporter of naphthalene and other aromatic hydrocarbon mixtures, constituting 73% of total exports. Argentina (X tons) held the second position in the ranking, distantly followed by Ecuador (X tons). All these countries together took approx. 24% share of total exports. Venezuela (X tons) took a little share of total exports.

Brazil was also the fastest-growing in terms of the naphthalene and other aromatic hydrocarbon mixtures exports, with a CAGR of +17.7% from 2012 to 2022. Argentina (-4.5%), Venezuela (-17.4%) and Ecuador (-30.6%) illustrated a downward trend over the same period. While the share of Brazil (+67 p.p.) and Argentina (+6.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Venezuela (-4.1 p.p.) and Ecuador (-68.5 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest aromatic hydrocarbon mixtures supplier in MERCOSUR, comprising 72% of total exports. The second position in the ranking was held by Argentina ($X), with a 21% share of total exports. It was followed by Ecuador, with a 4.9% share.

In Brazil, aromatic hydrocarbon mixtures exports increased at an average annual rate of +21.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-4.0% per year) and Ecuador (-29.7% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, jumping by 44% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.8%), while the other leaders experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports in MERCOSUR

In 2022, supplies from abroad of naphthalene and other aromatic hydrocarbon mixtures was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 18%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports rose significantly to $X in 2022. Overall, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 9.3% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ecuador prevails in imports structure, accounting for X tons, which was approx. 97% of total imports in 2022. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aromatic hydrocarbon mixtures imports into Ecuador stood at +2.7%. At the same time, Brazil (+8.6%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +8.6% from 2012-2022. While the share of Ecuador (+6.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) constitutes the largest market for imported naphthalene and other aromatic hydrocarbon mixtures in MERCOSUR, comprising 94% of total imports. The second position in the ranking was taken by Brazil ($X), with a 3.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Ecuador amounted to -2.1%.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by 3.3% against the previous year. In general, the import price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2021 when the import price increased by 5.4%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Brazil ($X per ton), while Ecuador stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%).

Source: IndexBox Platform