MERCOSUR: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in MERCOSUR

The MERCOSUR reaction initiators and accelerators market was estimated at $X in 2022, with an increase of 10% against the previous year. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in MERCOSUR

In value terms, reaction initiators and accelerators production rose rapidly to $X in 2022 estimated in export price. In general, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in MERCOSUR

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 14% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports dropped sharply to $X in 2022. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 46%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, accounting for X tons, which was near 95% of total exports in 2022. Chile (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to reaction initiators and accelerators exports from Brazil stood at +2.5%. At the same time, Chile (+4.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +4.8% from 2012-2022. From 2012 to 2022, the share of Brazil increased by +12 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest reaction initiators and accelerators supplier in MERCOSUR, comprising 94% of total exports. The second position in the ranking was taken by Chile ($X), with a 1.9% share of total exports.

In Brazil, reaction initiators and accelerators exports increased at an average annual rate of +2.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, dropping by -60.6% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 45%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.2%).

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in MERCOSUR

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were imported in MERCOSUR; picking up by 6.5% on 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 34%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports surged to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +45.9% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 31%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Colombia represented the key importing country with an import of around X tons, which recorded 37% of total imports. Brazil (X tons) held the second position in the ranking, followed by Venezuela (X tons), Argentina (X tons) and Chile (X tons). All these countries together took approx. 58% share of total imports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Colombia (with a CAGR of +2.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in MERCOSUR, comprising 66% of total imports. The second position in the ranking was taken by Argentina ($X), with an 11% share of total imports. It was followed by Colombia, with a 10% share.

In Brazil, reaction initiators and accelerators imports increased at an average annual rate of +5.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-3.8% per year) and Colombia (+4.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. 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 Brazil ($X per ton), while Venezuela ($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 (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform