MERCOSUR: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in MERCOSUR

The MERCOSUR phosphinates and phosphonates market expanded sharply to $X in 2022, picking up by 10% against the previous year. Overall, consumption saw a slight descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Phosphinates And Phosphonates Production in MERCOSUR

In value terms, phosphinates and phosphonates production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports in MERCOSUR

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) exported in MERCOSUR rose to X tons, with an increase of 4.1% on 2021. In general, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of 56%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports contracted remarkably to $X in 2022. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 76% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) and Peru (X tons) represented roughly 68% of total exports in 2022. Chile (X tons) held the next position in the ranking, followed by Colombia (X tons). All these countries together took approx. 30% share of total exports. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Venezuela (with a CAGR of +38.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest phosphinates and phosphonates supplying countries in MERCOSUR were Peru ($X), Colombia ($X) and Chile ($X), with a combined 84% share of total exports.

In terms of the main exporting countries, Peru, with a CAGR of +32.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by -30.3% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 13% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Phosphinates And Phosphonates Imports

Imports in MERCOSUR

Phosphinates and phosphonates imports fell to X tons in 2022, flattening at 2021. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 52%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the main importer of phosphinates (hypophosphites) and phosphonates (phosphites) in MERCOSUR, with the volume of imports accounting for X tons, which was approx. 51% of total imports in 2022. Peru (X tons) ranks second in terms of the total imports with a 24% share, followed by Colombia (12%), Argentina (6%) and Chile (5.1%). Ecuador (X tons) took a minor share of total imports.

Imports into Brazil decreased at an average annual rate of -5.5% from 2012 to 2022. At the same time, Chile (+31.4%) and Colombia (+8.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +31.4% from 2012-2022. By contrast, Argentina (-1.9%), Peru (-6.5%) and Ecuador (-22.6%) illustrated a downward trend over the same period. Colombia (+9 p.p.), Chile (+4.9 p.p.) and Argentina (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Peru and Ecuador saw its share reduced by -3% and -11.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in MERCOSUR, comprising 61% of total imports. The second position in the ranking was held by Peru ($X), with a 12% share of total imports. It was followed by Argentina, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (-4.9% per year) and Argentina (+5.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by 38% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphinates and phosphonates import price increased by +86.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Peru ($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 (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform