MERCOSUR: Silicone Market 2024

Silicone Market Size in MERCOSUR

In 2021, the MERCOSUR silicone market increased by 9.5% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Silicone Production in MERCOSUR

In value terms, silicone production contracted modestly to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +21.1% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of 71%. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Silicone Exports

Exports in MERCOSUR

In 2021, silicone exports in MERCOSUR skyrocketed to X tons, increasing by 34% against 2020. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.8% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicone exports soared to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil dominates exports structure, amounting to X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Peru (X tons), achieving a 4.6% share of total exports. Paraguay (X tons) and Colombia (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +5.0% from 2012 to 2021. At the same time, Paraguay (+114.0%), Colombia (+8.8%) and Peru (+5.8%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +114.0% from 2012-2021. From 2012 to 2021, the share of Paraguay increased by +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest silicone supplier in MERCOSUR, comprising 87% of total exports. The second position in the ranking was taken by Peru ($X), with a 3.3% share of total exports. It was followed by Colombia, with a 3.1% share.

In Brazil, silicone exports increased at an average annual rate of +5.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+7.4% per year) and Colombia (+7.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, growing by 3.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Silicone Imports

Imports in MERCOSUR

In 2021, supplies from abroad of silicones (in primary forms) increased by 25% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the major importer of silicones (in primary forms) in MERCOSUR, with the volume of imports accounting for X tons, which was near 59% of total imports in 2021. Colombia (X tons) took the second position in the ranking, followed by Argentina (X tons) and Chile (X tons). All these countries together took near 31% share of total imports. The following importers - Peru (X tons) and Ecuador (X tons) - each finished at an 8% share of total imports.

Imports into Brazil increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, Chile (+8.1%), Colombia (+6.3%) and Ecuador (+5.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +8.1% from 2012-2021. Argentina and Peru experienced a relatively flat trend pattern. Colombia (+3.5 p.p.) and Chile (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Brazil saw its share reduced by -1.5% and -2.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported silicones (in primary forms) in MERCOSUR, comprising 58% of total imports. The second position in the ranking was held by Colombia ($X), with a 14% share of total imports. It was followed by Argentina, with a 10% share.

In Brazil, silicone imports increased at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Colombia (+5.0% per year) and Argentina (+1.1% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, surging by 10% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 14%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Peru ($X per ton) and Colombia ($X per ton), while Chile ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, 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 import price figures.

Source: IndexBox Platform