Updated Sep 21, 2022 03:08

Polycarboxylic Acid Market in Argentina

Market Overview
In , after two years of decline, there was significant growth in the Argentinian polycarboxylic acid market, when its value increased by % to $. In general, consumption, however, recorded a slight descent. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.


Consumption
After two years of growth, consumption of polycarboxylic acids decreased by -% to tons in . In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in 2013; however, from 2014 to , consumption remained at a lower figure.

The size of the polycarboxylic acid market in Argentina reduced to $ in , with a decrease of -% 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, consumption showed a mild decrease. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.


Market Forecast
The polycarboxylic acid market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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
Polycarboxylic acid market in Argentina 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
Argentina remains a net importer of polycarboxylic acid; 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.