MERCOSUR: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in MERCOSUR

The MERCOSUR phenylacetic acid market rose notably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, saw a mild descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Phenylacetic Acid Production in MERCOSUR

In value terms, phenylacetic acid production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Phenylacetic Acid Exports

Exports in MERCOSUR

In 2022, exports of phenylacetic acid, its salts and esters in MERCOSUR dropped significantly to X tons, reducing by X% compared with the previous year's figure. In general, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, phenylacetic acid exports declined to $X in 2022. Overall, exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Colombia (X tons), mixing up an X% share of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to phenylacetic acid exports from Brazil stood at X%. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Colombia increased by X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest phenylacetic acid supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

In Brazil, phenylacetic acid exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil ($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 mixed trends in the export price figures.

Phenylacetic Acid Imports

Imports in MERCOSUR

Phenylacetic acid imports surged to X tons in 2022, with an increase of X% compared with the previous year. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, phenylacetic acid imports surged to $X in 2022. Over the period under review, imports saw a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons) and Argentina (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Ecuador (X tons) and Colombia (X tons), together making up a X% share of total imports. The following importers - Peru (X tons) and Chile (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest phenylacetic acid importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), together accounting for X% of total imports. Ecuador, Peru and Chile lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ecuador, with a CAGR of X%, recorded 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 2022, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform