MERCOSUR: Other Chemical Products Market 2025

Other Chemical Products Market Size in MERCOSUR

The MERCOSUR other chemical products market totaled $X in 2022, standing approx. at the previous year. Overall, consumption faced a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in MERCOSUR

In value terms, other chemical products production reached $X in 2022 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports in MERCOSUR

In 2022, after five years of decline, there was significant growth in shipments abroad of other chemical products, when their volume increased by 14% to X tons. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, other chemical products exports surged to $X in 2022. In general, exports, however, showed a abrupt slump. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina dominates exports structure, resulting at X tons, which was near 96% of total exports in 2022. The following exporters - Suriname (X tons) and Colombia (X tons) - each accounted for a 3.2% share of total exports.

Argentina experienced a relatively flat trend pattern with regard to volume of exports of other chemical products. At the same time, Suriname (+69.5%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +69.5% from 2012-2022. By contrast, Colombia (-27.5%) illustrated a downward trend over the same period. Argentina (+71 p.p.) and Suriname (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Colombia saw its share reduced by -7.6% from 2012 to 2022, respectively.

In value terms, Argentina ($X) remains the largest other chemical products supplier in MERCOSUR, comprising 76% of total exports. The second position in the ranking was taken by Suriname ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Argentina stood at -7.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Suriname (+91.4% per year) and Colombia (-25.3% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by 7.6% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The level of export peaked 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 Suriname ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (+12.9%), while the other leaders experienced mixed trends in the export price figures.

Other Chemical Products Imports

Imports in MERCOSUR

In 2022, approx. X tons of other chemical products were imported in MERCOSUR; with a decrease of -2.2% compared with 2021. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, other chemical products imports declined to $X in 2022. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 9.8%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X tons), Colombia (X tons) and Ecuador (X tons) represented the major importer of other chemical products in MERCOSUR, generating 91% of total import. It was distantly followed by Suriname (X tons), making up a 5.9% share of total imports. Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other chemical products importing markets in MERCOSUR were Peru ($X), Colombia ($X) and Ecuador ($X), with a combined 93% share of total imports. Suriname and Uruguay lagged somewhat behind, together accounting for a further 6.6%.

Suriname, with a CAGR of +20.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, flattening at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform