Latin America and the Caribbean: Market for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury 2024

Market Size for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Latin America and the Caribbean

The Latin American market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury totaled $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Latin America and the Caribbean

In value terms, alkali and rare earth metals production stood at $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Exports in Latin America and the Caribbean

Alkali and rare earth metals exports surged to X tons in 2022, with an increase of X% on 2021 figures. Overall, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, alkali and rare earth metals exports soared to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Argentina (X tons) was the major exporter of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, committing X% of total exports. It was distantly followed by Mexico (X tons), creating an X% share of total exports. Peru (X tons) followed a long way behind the leaders.

Argentina was also the fastest-growing in terms of the alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. By contrast, Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina increased by X percentage points.

In value terms, Argentina ($X) emerged as the largest alkali and rare earth metals supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports.

In Argentina, alkali and rare earth metals exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Imports in Latin America and the Caribbean

Alkali and rare earth metals imports dropped to X tons in 2022, falling by X% compared with 2021 figures. Overall, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, alkali and rare earth metals imports declined dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) represented the key importer of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, generating X% of total imports. Brazil (X tons) held the second position in the ranking, followed by Argentina (X tons). All these countries together held near X% share of total imports. Paraguay (X tons), Chile (X tons) and Bolivia (X tons) held a minor share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury. At the same time, Paraguay (X%), Chile (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bolivia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Argentina, Paraguay and Chile increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest alkali and rare earth metals importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Bolivia ($X), together accounting for X% of total imports. Argentina, Paraguay and Chile lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a slight slump. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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