MERCOSUR: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in MERCOSUR

In 2022, the MERCOSUR polyphenols and phenol-alcohols market increased by 29% to $X, rising for the sixth year in a row after four years of decline. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +112.1% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyphenols And Phenol-Alcohols Production in MERCOSUR

In value terms, polyphenols and phenol-alcohols production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in overseas shipments of polyphenols and phenol-alcohols, which increased by 158% to X tons in 2022. Overall, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyphenols and phenol-alcohols exports soared to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 157% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Colombia represented the key exporting country with an export of around X tons, which finished at 88% of total exports. It was distantly followed by Brazil (X tons), generating an 11% share of total exports.

Colombia was also the fastest-growing in terms of the polyphenols and phenol-alcohols exports, with a CAGR of +45.5% from 2012 to 2022. Brazil (-3.8%) illustrated a downward trend over the same period. Colombia (+79 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -59.4% from 2012 to 2022, respectively.

In value terms, Colombia ($X) remains the largest polyphenols and phenol-alcohols supplier in MERCOSUR, comprising 89% of total exports. The second position in the ranking was held by Brazil ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Colombia totaled +50.9%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with a decrease of -26.9% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when the export price increased by 47% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.5%).

Polyphenols And Phenol-Alcohols Imports

Imports in MERCOSUR

In 2022, polyphenols and phenol-alcohols imports in MERCOSUR surged to X tons, increasing by 18% against the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyphenols and phenol-alcohols imports skyrocketed to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +114.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Brazil was the major importing country with an import of around X tons, which accounted for 57% of total imports. Argentina (X tons) ranks second in terms of the total imports with a 29% share, followed by Colombia (11%).

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in MERCOSUR, comprising 74% of total imports. The second position in the ranking was held by Argentina ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to +8.3%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+7.1% per year) and Colombia (+4.2% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, approximately equating the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +55.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Brazil ($X per ton), while Colombia ($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 (+6.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform