MERCOSUR: Mercury Market 2024

Mercury Market Size in MERCOSUR

The MERCOSUR mercury market totaled $X in 2023, increasing by X% against the previous year. Overall, consumption, however, recorded a noticeable contraction. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Mercury Production in MERCOSUR

In value terms, mercury production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Mercury Exports

Exports in MERCOSUR

In 2023, exports of mercuries in MERCOSUR declined rapidly to X tons, which is down by X% compared with the previous year's figure. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, mercury exports reduced notably to $X in 2023. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Peru prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Argentina (X tons), generating a X% share of total exports.

Peru was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2023. Argentina (X%) illustrated a downward trend over the same period. Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Peru ($X) remains the largest mercury supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Peru amounted to X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%).

Mercury Imports

Imports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in supplies from abroad of mercuries, which increased by X% to X tons in 2023. Overall, imports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, mercury imports stood at $X in 2023. In general, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Colombia (X tons) was the main importer of mercuries, mixing up X% of total imports. Guyana (X tons) ranks second in terms of the total imports with a X% share, followed by Brazil (X%). Argentina (X tons) held a minor share of total imports.

Colombia was also the fastest-growing in terms of the mercuries imports, with a CAGR of X% from 2012 to 2023. At the same time, Argentina (X%) displayed positive paces of growth. By contrast, Brazil (X%) and Guyana (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), Argentina (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Guyana (X p.p.) displayed negative dynamics.

In value terms, Colombia ($X) constitutes the largest market for imported mercuries in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by Guyana, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Colombia was relatively modest. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Guyana (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, declining by X% against the previous year. In general, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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 Colombia ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform