MERCOSUR: Sodium Phosphates Market 2024

Sodium Phosphates Exports

Exports in MERCOSUR

In 2021, shipments abroad of phosphates of mono- or di-sodium increased by 57% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 82%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, sodium phosphates exports surged to $X in 2021. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 220%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

In 2021, Chile (X tons) was the largest exporter of phosphates of mono- or di-sodium, mixing up 69% of total exports. It was distantly followed by Brazil (X tons), achieving a 26% share of total exports. Peru (X tons) held a little share of total exports.

Chile was also the fastest-growing in terms of the phosphates of mono- or di-sodium exports, with a CAGR of +224.3% from 2012 to 2021. At the same time, Brazil (+14.0%) and Peru (+9.5%) displayed positive paces of growth. While the share of Chile (+69 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Peru (-3.6 p.p.) and Brazil (-10.8 p.p.) displayed negative dynamics.

In value terms, Chile ($X) remains the largest sodium phosphates supplier in MERCOSUR, comprising 80% of total exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Chile stood at +144.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+15.9% per year) and Peru (+7.2% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, declining by -25.9% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the export price increased by 112%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the other leaders experienced a decline in the export price figures.

Sodium Phosphates Imports

Imports in MERCOSUR

In 2021, purchases abroad of phosphates of mono- or di-sodium decreased by -29.2% to X tons for the first time since 2016, thus ending a four-year rising trend. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. The volume of import peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, sodium phosphates imports reduced to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 70%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Brazil was the main importing country with an import of around X tons, which resulted at 41% of total imports. Peru (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (16%) and Argentina (8.8%). Chile (X tons), Venezuela (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Ecuador ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 68% of total imports. Colombia, Argentina, Venezuela and Chile lagged somewhat behind, together comprising a further 28%.

Colombia, with a CAGR of +9.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, jumping by 32% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform