MERCOSUR: Solid Biofuel Market 2024

Solid Biofuel Market Size in MERCOSUR

The MERCOSUR solid biofuel market contracted to $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a slight decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Solid Biofuel Production in MERCOSUR

In value terms, solid biofuel production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Solid Biofuel Exports

Exports in MERCOSUR

In 2022, overseas shipments of solid biofuels increased by X% to X tons, rising for the seventh year in a row after three years of decline. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, solid biofuel exports skyrocketed to $X in 2022. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Brazil (X tons) represented the largest exporter of solid biofuels, constituting X% of total exports. Paraguay (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together held near X% share of total exports. Venezuela (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the solid biofuels exports, with a CAGR of X% from 2012 to 2022. At the same time, Venezuela (X%) and Paraguay (X%) displayed positive paces of growth. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Venezuela (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Paraguay (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Paraguay ($X) and Argentina ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to 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, leveling off at the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Venezuela ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Solid Biofuel Imports

Imports in MERCOSUR

In 2022, the amount of solid biofuels imported in MERCOSUR dropped to X tons, falling by X% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, solid biofuel imports fell to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Chile (X tons) represented the largest importer of solid biofuels, creating X% of total imports. Brazil (X tons) ranks second in terms of the total imports with a X% share, followed by Uruguay (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uruguay (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Chile ($X), Brazil ($X) and Uruguay ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Uruguay, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid biofuel import price decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

Source: IndexBox Platform