MERCOSUR: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in MERCOSUR

In 2023, the MERCOSUR halogenated hydrocarbon derivative market decreased by X% to $X, falling for the second consecutive year after six years of growth. The total consumption indicated a resilient 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 decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Halogenated Hydrocarbon Derivative Production in MERCOSUR

In value terms, halogenated hydrocarbon derivative production declined slightly to $X in 2023 estimated in export price. Over the period under review, production, however, posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2023.

Halogenated Hydrocarbon Derivative Exports

Exports in MERCOSUR

In 2023, after four years of growth, there was significant decline in overseas shipments of halogenated derivatives of hydrocarbons, when their volume decreased by X% to X tons. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 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, halogenated hydrocarbon derivative exports fell notably to $X in 2023. In general, exports, however, continue to indicate a modest increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell significantly in the following year.

Exports by Country

The shipments of the one major exporters of halogenated derivatives of hydrocarbons, namely Brazil, represented more than two-thirds of total export.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of halogenated derivatives of hydrocarbons. 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 halogenated hydrocarbon derivative supplier in MERCOSUR.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in the near future.

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.

Halogenated Hydrocarbon Derivative Imports

Imports in MERCOSUR

In 2023, halogenated hydrocarbon derivative imports in MERCOSUR contracted notably to X tons, with a decrease of X% on the previous year. Total imports indicated modest growth from 2012 to 2023: its volume 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, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports declined markedly to $X in 2023. Overall, imports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced notably in the following year.

Imports by Country

Colombia represented the major importer of halogenated derivatives of hydrocarbons in MERCOSUR, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by Brazil (X tons), mixing up a X% share of total imports. Argentina (X tons) took a relatively small share of total imports.

Colombia experienced a relatively flat trend pattern with regard to volume of imports of halogenated derivatives of hydrocarbons. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Colombia, halogenated hydrocarbon derivative imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform