Updated Nov 22, 2022 16:07

Market for Refractory Products of Siliceous or Diatomite Earths in Brazil

Market Overview
In , the Brazilian market for refractory products of siliceous or diatomite earths was finally on the rise to reach $ after two years of decline. In general, consumption, however, continues to indicate a perceptible shrinkage. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, production of refractory products of siliceous or diatomite earths amounted to $ in estimated in export price. In general, production, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by %. Over the period under review, production of reached the maximum level at $ in 2007; however, from 2008 to , production failed to regain momentum.


Consumption
Consumption of refractory products of siliceous or diatomite earths in Brazil fell to tons in , waning by -% against the previous year's figure. Overall, consumption recorded a mild reduction. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption of failed to regain momentum.

The size of the market for refractory products of siliceous or diatomite earths in Brazil dropped to $ in , declining 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 showed a pronounced reduction. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for refractory products of siliceous or diatomite earths in Brazil, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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
Over the period under review, imports of refractory products of siliceous or diatomite earths in Brazil were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for refractory products of siliceous or diatomite earths. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. 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
Brazil remains a net importer of refractory products of siliceous or diatomite earths; 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 $.