Latin America and the Caribbean: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Latin America and the Caribbean

The Latin American acyclic hydrocarbons market dropped dramatically to $X in 2020, waning by X% against the previous year. Over the period under review, consumption recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Production in Latin America and the Caribbean

In value terms, acyclic hydrocarbons production declined to $X in 2020 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2020, production growth remained at a somewhat lower figure.

Acyclic Hydrocarbons Exports

Exports in Latin America and the Caribbean

In 2020, shipments abroad of acyclic hydrocarbons decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons exports fell remarkably to $X in 2020. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

Exports by Country

Brazil represented the largest exporter of acyclic hydrocarbons in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near X% of total exports in 2020. Mexico (X tons) ranks second in terms of the total exports with a X% share, followed by Argentina (X%). Venezuela (X tons) and Colombia (X tons) held a minor share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2020. At the same time, Colombia (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2020. Mexico experienced a relatively flat trend pattern. By contrast, Venezuela (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest acyclic hydrocarbons supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2020, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2020, reducing by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Latin America and the Caribbean

In 2020, purchases abroad of acyclic hydrocarbons increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain momentum.

In value terms, acyclic hydrocarbons imports dropped markedly to $X in 2020. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Mexico dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2020. Argentina (X tons) held the second position in the ranking, followed by Brazil (X tons). All these countries together held approx. X% share of total imports. Venezuela (X tons), Colombia (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2020, average annual rates of growth with regard to acyclic hydrocarbons imports into Mexico stood at X%. At the same time, Peru (X%), Colombia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2020. By contrast, Venezuela (X%) and Argentina (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela and Argentina saw its share reduced by X% and X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported acyclic hydrocarbons in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, acyclic hydrocarbons imports shrank by an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2020, the import price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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