MERCOSUR: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in MERCOSUR

The MERCOSUR sulphides, dithionites and sulphoxylates market totaled $X in 2022, flattening at the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in MERCOSUR

In value terms, sulphides, dithionites and sulphoxylates production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 49% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports in MERCOSUR

In 2022, shipments abroad of sulphides, polysulphides, dithionites and sulphoxylates decreased by -21.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. The volume of export peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, sulphides, dithionites and sulphoxylates exports soared to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 35% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Argentina prevails in exports structure, resulting at X tons, which was near 87% of total exports in 2022. It was distantly followed by Peru (X tons), creating a 5.8% share of total exports. The following exporters - Chile (X tons) and Brazil (X tons) - together made up 7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to sulphides, dithionites and sulphoxylates exports from Argentina stood at -1.8%. At the same time, Peru (+36.1%) and Chile (+28.2%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +36.1% from 2012-2022. Brazil experienced a relatively flat trend pattern. From 2012 to 2022, the share of Peru and Chile increased by +5.6 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest sulphides, dithionites and sulphoxylates supplier in MERCOSUR, comprising 84% of total exports. The second position in the ranking was taken by Brazil ($X), with a 7% share of total exports. It was followed by Peru, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina stood at +2.6%. In the other countries, the average annual rates were as follows: Brazil (-10.8% per year) and Peru (+35.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of 53% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.5%), while the other leaders experienced a decline in the export price figures.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports in MERCOSUR

In 2022, supplies from abroad of sulphides, polysulphides, dithionites and sulphoxylates decreased by -4.7% to X tons, falling for the second consecutive year after four years of growth. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +41.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru was the major importing country with an import of around X tons, which reached 57% of total imports. Chile (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (17%). Argentina (X tons) and Colombia (X tons) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the sulphides, polysulphides, dithionites and sulphoxylates imports, with a CAGR of +37.7% from 2012 to 2022. Argentina experienced a relatively flat trend pattern. Chile (-1.5%), Colombia (-2.3%) and Brazil (-2.7%) illustrated a downward trend over the same period. Peru (+53 p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Argentina, Chile and Brazil saw its share reduced by -2%, -3.5%, -19.8% and -22.3% from 2012 to 2022, respectively.

In value terms, the largest sulphides, dithionites and sulphoxylates importing markets in MERCOSUR were Peru ($X), Brazil ($X) and Chile ($X), together comprising 90% of total imports.

In terms of the main importing countries, Peru, with a CAGR of +33.4%, recorded the highest growth rate of 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

The import price in MERCOSUR stood at $X per ton in 2022, surging by 34% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue 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 ($X per ton), while Peru ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform