MERCOSUR: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in MERCOSUR

After seven years of growth, the MERCOSUR cyclic hydrocarbons market decreased by X% to $X in 2023. The total consumption indicated prominent growth 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 2015 indices. The level of consumption peaked at $X in 2022, and then declined slightly in the following year.

Cyclic Hydrocarbons Production in MERCOSUR

In value terms, cyclic hydrocarbons production contracted slightly to $X in 2023 estimated in export price. The total production indicated a buoyant 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, production increased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2022, and then reduced modestly in the following year.

Cyclic Hydrocarbons Exports

Exports in MERCOSUR

After two years of growth, shipments abroad of other cyclic hydrocarbons decreased by X% to X tons in 2023. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports reduced to $X in 2023. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Brazil (X tons) was the largest exporter of other cyclic hydrocarbons in MERCOSUR, creating X% of total export.

Brazil was also the fastest-growing in terms of the other cyclic hydrocarbons exports, with a CAGR of X% from 2012 to 2023. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest cyclic hydrocarbons supplier in MERCOSUR.

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

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Export price indicated slight growth from 2012 to 2023: its price 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, cyclic hydrocarbons export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per ton in 2022, and then dropped slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.

Cyclic Hydrocarbons Imports

Imports in MERCOSUR

In 2023, approx. X tons of other cyclic hydrocarbons were imported in MERCOSUR; declining by X% against 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports declined to $X in 2023. Overall, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X tons) represented the major importer of other cyclic hydrocarbons, making up X% of total imports. Uruguay (X tons) held the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took approx. X% share of total imports. The following importers - Ecuador (X tons), Colombia (X tons), Peru (X tons) and Suriname (X tons) - together made up X% of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Ecuador (X%) and Peru (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Suriname experienced a relatively flat trend pattern. By contrast, Uruguay (X%), Colombia (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Ecuador (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Colombia (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 ($X) constitutes the largest market for imported other cyclic hydrocarbons in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Uruguay ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated a noticeable 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, cyclic hydrocarbons import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is likely to see steady growth in the near future.

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 Suriname ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform