MERCOSUR: Sulphonamides Market 2024

Sulphonamides Market Size in MERCOSUR

The MERCOSUR sulphonamides market reached $X in 2021, growing by 2.2% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.7% against 2013 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Sulphonamides Production in MERCOSUR

In value terms, sulphonamides production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of 32%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Sulphonamides Exports

Exports in MERCOSUR

In 2021, exports of sulphonamides in MERCOSUR contracted rapidly to X tons, declining by -28.7% on the year before. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of 449%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphonamides exports shrank to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 107%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina was the largest exporting country with an export of about X tons, which reached 49% of total exports. Brazil (X tons) held a 32% share (based on physical terms) of total exports, which put it in second place, followed by Venezuela (13%). Peru (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +19.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphonamides supplying countries in MERCOSUR were Venezuela ($X), Brazil ($X) and Argentina ($X), with a combined 95% share of total exports.

Brazil, with a CAGR of +19.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, increasing by 30% against the previous year. In general, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the export price increased by 37%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Venezuela ($X per ton), while Peru ($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 (+13.5%), while the other leaders experienced mixed trends in the export price figures.

Sulphonamides Imports

Imports in MERCOSUR

In 2021, supplies from abroad of sulphonamides increased by 6.2% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports showed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 43%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, sulphonamides imports stood at $X in 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons) and Argentina (X tons) dominates imports structure, together achieving 91% of total imports. It was distantly followed by Colombia (X tons), constituting a 5.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Argentina (with a CAGR of +41.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphonamides importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined 97% share of total imports.

Among the main importing countries, Argentina, with a CAGR of +25.9%, 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 2021, falling by -3.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform