MERCOSUR: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in MERCOSUR

In 2022, the MERCOSUR polycarboxylic acid market increased by 6.6% to $X, rising for the seventh year in a row after three years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polycarboxylic Acid Production in MERCOSUR

In value terms, polycarboxylic acid production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 15%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Polycarboxylic Acid Exports

Exports in MERCOSUR

In 2022, shipments abroad of polycarboxylic acids decreased by -25% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a perceptible decline. The pace of growth was the most pronounced in 2013 when exports increased by 91%. 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, polycarboxylic acid exports reduced to $X in 2022. Over the period under review, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil was the largest exporting country with an export of around X tons, which reached 61% of total exports. It was distantly followed by Chile (X tons) and Colombia (X tons), together making up a 38% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polycarboxylic acid exports from Brazil stood at -3.3%. Chile (-1.2%) and Colombia (-6.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile and Brazil increased by +8.1 and +6.3 percentage points, respectively.

In value terms, the largest polycarboxylic acid supplying countries in MERCOSUR were Brazil ($X), Chile ($X) and Colombia ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Chile, with a CAGR of -0.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by 26% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 67% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.5%), while the other leaders experienced mixed trends in the export price figures.

Polycarboxylic Acid Imports

Imports in MERCOSUR

In 2022, supplies from abroad of polycarboxylic acids increased by 30% to X tons, rising for the third year in a row after three years of decline. Overall, imports, however, showed a noticeable shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polycarboxylic acid imports skyrocketed to $X in 2022. In general, imports, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) was the key importer of polycarboxylic acids, mixing up 52% of total imports. Argentina (X tons) took the second position in the ranking, distantly followed by Peru (X tons) and Colombia (X tons). All these countries together took approx. 44% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +5.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Argentina ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, together accounting for 88% of total imports. Peru and Ecuador lagged somewhat behind, together comprising a further 9.2%.

Among the main importing countries, Peru, with a CAGR of +2.1%, recorded the highest rates of growth with regard to the value of imports, 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, picking up by 5.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 43% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

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 ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform