Latin America and the Caribbean: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Latin America and the Caribbean

The Latin American aluminium and titanium market shrank notably to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Aluminium And Titanium Production in Latin America and the Caribbean

In value terms, aluminium and titanium production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aluminium And Titanium Exports

Exports in Latin America and the Caribbean

Aluminium and titanium exports fell notably to X tons in 2022, declining by X% compared with 2021. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aluminium and titanium exports fell significantly to $X in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of aluminium and titanium, comprising X% of total exports. It was distantly followed by Venezuela (X tons) and Argentina (X tons), together committing an X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. Venezuela (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Venezuela increased by X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest aluminium and titanium supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Venezuela (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 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Aluminium And Titanium Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of aluminium and titanium were imported in Latin America and the Caribbean; reducing by X% against 2021 figures. Total imports indicated a tangible expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, aluminium and titanium imports contracted slightly to $X in 2022. Total imports indicated prominent growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Mexico (X tons) was the largest importer of aluminium and titanium, making up X% of total imports. It was distantly followed by Brazil (X tons), committing a X% share of total imports. Colombia (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price 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, aluminium and titanium import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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