Latin America and the Caribbean: Alums Market 2024

Alums Market Size in Latin America and the Caribbean

In 2022, the Latin American alums market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Alums Production in Latin America and the Caribbean

In value terms, alums production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Alums Exports

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in shipments abroad of alums, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, alums exports declined dramatically to $X in 2022. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Colombia was the largest exporter of alums in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Mexico (X tons) ranks second in terms of the total exports with a X% share, followed by Ecuador (X%). Costa Rica (X tons) held a relatively small share of total exports.

Exports from Colombia increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. Colombia (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Colombia ($X) and Ecuador ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Mexico (X%), while the other leaders experienced more modest paces of growth.

Alums Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of alums increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, alums imports soared to $X in 2022. Overall, imports, however, recorded a mild descent. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) and Guatemala (X tons) were the largest importers of alums in Latin America and the Caribbean, together amounting to approx. X% of total imports. Peru (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Costa Rica (X%). The following importers - Honduras (X tons), Chile (X tons), Panama (X tons), Argentina (X tons) and Colombia (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Guatemala ($X) and Costa Rica ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while Ecuador ($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 more modest paces of growth.

Source: IndexBox Platform

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