Latin America and the Caribbean: Carbonate Market 2024

Carbonate Market Size in Latin America and the Caribbean

In 2022, the Latin American carbonate market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a notable 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Carbonate Production in Latin America and the Caribbean

In value terms, carbonate production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Carbonate Exports

Exports in Latin America and the Caribbean

For the fifth consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of carbonates and peroxocarbonates, which increased by X% to X tons in 2022. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbonate exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Argentina (X tons), comprising an X% share of total exports. The following exporters - the Dominican Republic (X tons), Mexico (X tons), Guatemala (X tons) and Brazil (X tons) - each finished at a X% share of total exports.

Chile was also the fastest-growing in terms of the carbonates and peroxocarbonates exports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%), Guatemala (X%), the Dominican Republic (X%) and Brazil (X%) displayed positive paces of growth. By contrast, Mexico (X%) illustrated a downward trend over the same period. Chile (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while the Dominican Republic, Brazil and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest carbonate supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

In Chile, carbonate exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Brazil (X% per year).

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. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Carbonate Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of carbonates and peroxocarbonates were imported in Latin America and the Caribbean; rising by X% against 2021. Total imports indicated a prominent expansion 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbonate imports skyrocketed to $X in 2022. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons), distantly followed by Mexico (X tons), Chile (X tons), Argentina (X tons) and Colombia (X tons) were the largest importers of carbonates and peroxocarbonates, together constituting X% of total imports. Peru (X tons) and Ecuador (X tons) took a minor share of total imports.

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

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Argentina, Colombia, Peru and Ecuador lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ecuador, with a CAGR of X%, saw the highest growth rate of 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, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Peru ($X per ton) and Chile ($X per ton), while Brazil ($X per ton) and Mexico ($X per ton) were 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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