MERCOSUR: Acetone Market 2024

Acetone Market Size in MERCOSUR

The MERCOSUR acetone market declined to $X in 2023, falling by X% against the previous year. Over the period under review, consumption recorded a pronounced shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Acetone Production in MERCOSUR

In value terms, acetone production reached $X in 2023 estimated in export price. Over the period under review, production, however, recorded a slight reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Acetone Exports

Exports in MERCOSUR

In 2023, acetone exports in MERCOSUR reduced dramatically to X tons, shrinking by X% compared with the previous year. Over the period under review, exports, however, showed a notable expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, acetone exports dropped remarkably to $X in 2023. Overall, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 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

In 2023, Brazil (X tons) was the main exporter of acetone in MERCOSUR, making up X% of total export.

Brazil was also the fastest-growing in terms of the acetone exports, with a CAGR of X% from 2012 to 2023. While the share of Brazil (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, acetone exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a slight reduction. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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.

Acetone Imports

Imports in MERCOSUR

In 2023, overseas purchases of acetone decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, acetone imports dropped significantly to $X in 2023. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Brazil (X tons) was the largest importer of acetone, mixing up X% of total imports. Argentina (X tons) held the second position in the ranking, distantly followed by Colombia (X tons), Peru (X tons) and Chile (X tons). All these countries together took approx. X% share of total imports. The following importers - Ecuador (X tons) and Uruguay (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to acetone imports into Brazil stood at X%. At the same time, Argentina (X%), Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Uruguay (X%), Chile (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Argentina, Colombia and Ecuador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Ecuador ($X per ton) and Colombia ($X per ton), while Brazil ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform