MERCOSUR: Solid Biofuel Market 2024

Solid Biofuel Market Size in MERCOSUR

The MERCOSUR solid biofuel market contracted modestly to $X in 2022, almost unchanged from the previous year. In general, consumption showed a slight shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Solid Biofuel Production in MERCOSUR

In value terms, solid biofuel production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a mild contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Solid Biofuel Exports

Exports in MERCOSUR

In 2022, shipments abroad of solid biofuels increased by X% to X tons, rising for the seventh consecutive year after three years of decline. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, solid biofuel exports soared to $X in 2022. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Brazil represented the major exporter of solid biofuels in MERCOSUR, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Paraguay (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 exports. Venezuela (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the solid biofuels exports, with a CAGR of X% from 2012 to 2022. At the same time, Venezuela (X%) and Paraguay (X%) displayed positive paces of growth. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Venezuela increased by X and X percentage points, respectively.

In value terms, Brazil ($X), Paraguay ($X) and Argentina ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price showed a slight downturn. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Venezuela ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced a decline in the export price figures.

Solid Biofuel Imports

Imports in MERCOSUR

Solid biofuel imports declined slightly to X tons in 2022, with a decrease of X% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, solid biofuel imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Chile represented the major importer of solid biofuels in MERCOSUR, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Brazil (X tons) and Uruguay (X tons), together generating a X% share of total imports. Peru (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Uruguay ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Uruguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, which is down by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid biofuel import price decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :