Carboxylic Acid Market Overview in Brazil
In value terms, carboxylic acid production expanded modestly to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the production volume increased by % y-o-y. Carboxylic acid production peaked at $ in 2017; however, from 2018 to , production remained at a lower figure.
The revenue of the carboxylic acid market in Brazil declined modestly to $ in , shrinking 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. Carboxylic acid consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.