Latin America and the Caribbean: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Latin America and the Caribbean

In 2022, the Latin American amine-function compounds market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Amine-Function Compounds Production in Latin America and the Caribbean

In value terms, amine-function compounds production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Amine-Function Compounds Exports

Exports in Latin America and the Caribbean

After three years of growth, shipments abroad of amine-function compounds decreased by X% to X tons in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, amine-function compounds exports expanded to $X in 2022. Total exports indicated resilient 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Panama (X%). The following exporters - Colombia (X tons), Uruguay (X tons) and Argentina (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to amine-function compounds exports from Mexico stood at X%. At the same time, Uruguay (X%), Panama (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Panama (X p.p.) and Uruguay (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Panama ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to 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, growing by X% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Amine-Function Compounds Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of amine-function compounds were imported in Latin America and the Caribbean; with an increase of X% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, amine-function compounds imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the key importer of amine-function compounds in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Mexico (X tons) took the second position in the ranking, followed by Argentina (X tons) and Colombia (X tons). All these countries together took near X% share of total imports. The following importers - Guatemala (X tons), Paraguay (X tons) and Chile (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to amine-function compounds imports into Brazil stood at X%. At the same time, Paraguay (X%), Colombia (X%) and Chile (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. Mexico experienced a relatively flat trend pattern. By contrast, Guatemala (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Colombia and Paraguay increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, amine-function compounds imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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