Updated Nov 11, 2022 01:20

Mixtures Of Slag Market in Brazil

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In , the Brazilian mixtures of slag market increased by % to $, rising for the eighth consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Mixtures of slag consumption peaked in and is expected to retain growth in years to come.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , consumption of mixtures of slag increased by % to tons, rising for the third consecutive year after six years of decline. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mixtures of slag consumption peaked in and is likely to see steady growth in the immediate term.

The size of the mixtures of slag market in Brazil reached $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2013 indices. Over the period under review, the market attained the peak level in and is likely to continue growth in the near future.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for mixtures of slag in Brazil, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Mixtures of slag market in Brazil consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Brazil remains a net importer of mixtures of slag; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.