Latin America and the Caribbean: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Latin America and the Caribbean

The Latin American carboxylic acid market totaled $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Carboxylic Acid Production in Latin America and the Caribbean

In value terms, carboxylic acid production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carboxylic Acid Exports

Exports in Latin America and the Caribbean

In 2022, exports of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Latin America and the Caribbean reached X tons, rising by X% on the year before. In general, exports continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, carboxylic acid exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Argentina (X tons) and Chile (X tons), together making up a X% share of total exports. Mexico (X tons) took a relatively small share of total exports.

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

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

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Mexico ($X per ton) and Brazil ($X per ton), while Chile ($X per ton) and Argentina ($X per ton) were 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 a decline in the export price figures.

Carboxylic Acid Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated temperate growth 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 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, carboxylic acid imports surged to $X in 2022. Total imports 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Brazil (X tons) was the main importer of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, constituting X% of total imports. Mexico (X tons) held the second position in the ranking, distantly followed by Argentina (X tons), Colombia (X tons) and Chile (X tons). All these countries together held near X% share of total imports. The following importers - Guatemala (X tons) and Peru (X tons) - each accounted for a X% share of total imports.

Brazil was also the fastest-growing in terms of the carboxylic acid with alcohol, phenol, aldehyde or ketone functions imports, with a CAGR of X% from 2012 to 2022. At the same time, Mexico (X%), Colombia (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Guatemala and Argentina experienced a relatively flat trend pattern. Brazil (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

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. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached 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 Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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