MERCOSUR: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in MERCOSUR

The MERCOSUR market for compounds with other nitrogen function (excluding isocyanates) declined to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2022, and then fell in the following year.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in MERCOSUR

In value terms, compounds with other nitrogen function production declined to $X in 2023 estimated in export price. Overall, production posted prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in MERCOSUR

In 2023, overseas shipments of compounds with other nitrogen function (excluding isocyanates) decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, compounds with other nitrogen function exports reduced dramatically to $X in 2023. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Colombia was the main exporter of compounds with other nitrogen function (excluding isocyanates) in MERCOSUR, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. Peru (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%).

Colombia was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of X% from 2012 to 2023. At the same time, Peru (X%) and Brazil (X%) displayed positive paces of growth. While the share of Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Peru (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

In value terms, Colombia ($X) remains the largest compounds with other nitrogen function supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

In Colombia, compounds with other nitrogen function exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, 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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in MERCOSUR

In 2023, compounds with other nitrogen function imports in MERCOSUR dropped markedly to X tons, with a decrease of X% against the year before. In general, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, compounds with other nitrogen function imports fell rapidly to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

Brazil was the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Argentina (X tons), achieving a X% share of total imports. Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) imports, with a CAGR of X% from 2012 to 2023. Peru (X%), Chile (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Chile (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, compounds with other nitrogen function import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform