Latin America and the Caribbean: Alcohols Market 2024

Alcohols Market Size in Latin America and the Caribbean

In 2020, the Latin American alcohols market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Alcohols Production in Latin America and the Caribbean

In value terms, alcohols production reduced rapidly to $X in 2020 estimated in export price. Overall, production saw a noticeable contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

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Alcohols Exports

Exports in Latin America and the Caribbean

In 2020, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons for the first time since 2015, thus ending a four-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019, and then shrank notably in the following year.

In value terms, alcohols exports fell dramatically to $X in 2020. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

In 2020, Trinidad and Tobago (X tons) was the major exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, comprising X% of total exports. Venezuela (X tons) ranks second in terms of the total exports with a X% share, followed by Chile (X%). Brazil (X tons) followed a long way behind the leaders.

Exports from Trinidad and Tobago increased at an average annual rate of X% from 2012 to 2020. At the same time, Chile (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2020. By contrast, Venezuela (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2020, the share of Venezuela (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Trinidad and Tobago ($X) remains the largest alcohols supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Trinidad and Tobago amounted to X%. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and Chile (X% per year).

Export Prices by Country

In 2020, the export price in Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw 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 reached the maximum at $X per ton in 2014; however, from 2015 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 Brazil ($X per ton), while Trinidad and Tobago ($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 export price figures.

Alcohols Imports

Imports in Latin America and the Caribbean

Alcohols imports stood at X tons in 2020, increasing by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in years to come.

In value terms, alcohols imports shrank modestly to $X in 2020. Overall, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Brazil represented the key importing country with an import of about X tons, which recorded X% of total imports. Mexico (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and Argentina (X%). Peru (X tons) took a minor share of total imports.

Brazil was also the fastest-growing in terms of the alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imports, with a CAGR of X% from 2012 to 2020. At the same time, Peru (X%) and Mexico (X%) displayed positive paces of growth. Argentina and Colombia experienced a relatively flat trend pattern. Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina, Colombia and Mexico saw its share reduced by X%, X% and X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports. Colombia and Peru lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs 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 Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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