Latin America and the Caribbean: Bauxite Market 2024

Bauxite Market Size in Latin America and the Caribbean

The Latin American bauxite market contracted modestly to $X in 2022, almost unchanged from the previous year. In general, consumption, however, recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Bauxite Production in Latin America and the Caribbean

In value terms, bauxite production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Bauxite Exports

Exports in Latin America and the Caribbean

In 2022, the amount of bauxite exported in Latin America and the Caribbean fell to X tons, shrinking by X% compared with 2021 figures. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bauxite exports skyrocketed to $X in 2022. Over the period under review, exports showed a noticeable reduction. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the main exporter of bauxite in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Jamaica (X tons) ranks second in terms of the total exports with a X% share, followed by Guyana (X%).

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest bauxite supplying countries in Latin America and the Caribbean were Guyana ($X), Brazil ($X) and Jamaica ($X), together comprising X% of total exports.

Guyana, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated tangible growth 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, bauxite export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced mixed trends in the export price figures.

Bauxite Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of bauxite decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, bauxite imports expanded significantly to $X in 2022. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina represented the largest importer of bauxite in Latin America and the Caribbean, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by British Virgin Islands (X tons), Peru (X tons), Ecuador (X tons), Mexico (X tons), Colombia (X tons) and Uruguay (X tons), together achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to bauxite imports into Argentina stood at X%. At the same time, Peru (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Uruguay experienced a relatively flat trend pattern. By contrast, British Virgin Islands (X%), Colombia (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.), Argentina (X p.p.), Ecuador (X p.p.), Uruguay (X p.p.), British Virgin Islands (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Argentina amounted to X%. 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price showed pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Mexico ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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