Latin America and the Caribbean: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Latin America and the Caribbean

The Latin American ammonia in aqueous solution market reached $X in 2022, picking up by X% against the previous year. In general, consumption posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ammonia In Aqueous Solution in Latin America and the Caribbean

In value terms, ammonia in aqueous solution production expanded modestly to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ammonia In Aqueous Solution

Exports in Latin America and the Caribbean

In 2022, overseas shipments of ammonia in aqueous solution increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ammonia in aqueous solution exports rose remarkably to $X in 2022. Over the period under review, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the major exporter of ammonia in aqueous solution in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Trinidad and Tobago (X tons) took the second position in the ranking, followed by Guatemala (X tons). All these countries together took approx. X% share of total exports. Chile (X tons) and Suriname (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of ammonia in aqueous solution. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Guatemala and Suriname experienced a relatively flat trend pattern. By contrast, Trinidad and Tobago (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Chile and Guatemala 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 ($X) remains the largest ammonia in aqueous solution supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Trinidad and Tobago ($X), with a X% share of total exports. It was followed by Suriname, with a X% share.

In Brazil, ammonia in aqueous solution exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Trinidad and Tobago (X% per year) and Suriname (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by X% against the previous year. Export price indicated a mild expansion 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, ammonia in aqueous solution export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

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

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

Imports of Ammonia In Aqueous Solution

Imports in Latin America and the Caribbean

In 2022, after four years of decline, there was significant growth in purchases abroad of ammonia in aqueous solution, when their volume increased by X% to X tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, ammonia in aqueous solution imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Dominican Republic was the largest importing country with an import of about X tons, which reached X% of total imports. Uruguay (X tons) ranks second in terms of the total imports with a X% share, followed by Jamaica (X%), El Salvador (X%) and Bolivia (X%). Suriname (X tons), Mexico (X tons), Paraguay (X tons), Haiti (X tons), Panama (X tons), Colombia (X tons) and Trinidad and Tobago (X tons) held a relatively small share of total imports.

Imports into the Dominican Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Trinidad and Tobago (X%), Jamaica (X%), Colombia (X%), El Salvador (X%), Bolivia (X%), Panama (X%), Uruguay (X%) and Suriname (X%) displayed positive paces of growth. Moreover, Trinidad and Tobago emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Paraguay (X%), Haiti (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of the Dominican Republic (X p.p.), Jamaica (X p.p.), El Salvador (X p.p.), Uruguay (X p.p.) and Bolivia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Haiti (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, the Dominican Republic ($X) constitutes the largest market for imported ammonia in aqueous solution in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Jamaica ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform