Latin America and the Caribbean: Amino-Resin Market 2024

Amino-Resin Market Size in Latin America and the Caribbean

In 2022, the Latin American amino-resin market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; afterwards, it flattened through to 2022.

Amino-Resin Production in Latin America and the Caribbean

In value terms, amino-resin production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Amino-Resin Exports

Exports in Latin America and the Caribbean

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) exported in Latin America and the Caribbean skyrocketed to X tons, with an increase of X% against 2021. Total exports indicated a notable increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, amino-resin exports soared to $X in 2022. Total exports indicated a notable expansion 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 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Trinidad and Tobago (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%), Argentina (X%) and Colombia (X%). The following exporters - Peru (X tons) and Chile (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Peru (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Trinidad and Tobago ($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.

Amino-Resin Imports

Imports in Latin America and the Caribbean

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) imported in Latin America and the Caribbean stood at X tons, approximately mirroring the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, amino-resin imports surged to $X in 2022. Total imports indicated a remarkable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented the key importers of amino-resins, phenolic resins and polyurethanes (in primary forms) in 2022, amounting to approx. X% and X% of total imports, respectively. Argentina (X tons) took the next position in the ranking, followed by Colombia (X tons). All these countries together held approx. X% share of total imports. Chile (X tons), Ecuador (X tons), Uruguay (X tons) and Guatemala (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Colombia, Chile, Ecuador, Guatemala and Uruguay lagged somewhat behind, together comprising a further X%.

Guatemala, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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