Latin America and the Caribbean: Market for Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams) 2024

Market Size for Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams) in Latin America and the Caribbean

In 2023, after two years of decline, there was significant growth in the Latin American market for compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams), when its value increased by X% to $X. Overall, consumption recorded a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams) in Latin America and the Caribbean

In value terms, production of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) stood at $X in 2023 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; afterwards, it flattened through to 2023.

Exports of Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams)

Exports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in overseas shipments of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams), when their volume decreased by X% to X tons. Overall, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2022, and then shrank remarkably in the following year.

In value terms, exports of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) contracted markedly to $X in 2023. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) represented roughly X% of total exports in 2023.

Argentina was also the fastest-growing in terms of the compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) exports, with a CAGR of X% from 2012 to 2023. Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) supplier in Latin America and the Caribbean.

From 2012 to 2023, the average annual growth rate of value in Argentina was relatively modest.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a modest expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2023, the rate of growth in terms of prices for Argentina amounted to X% per year.

Imports of Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams)

Imports in Latin America and the Caribbean

In 2023, imports of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) in Latin America and the Caribbean shrank rapidly to X tons, with a decrease of X% compared with 2022. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) shrank remarkably to $X in 2023. In general, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Bahamas represented the main importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Argentina (X tons), Nicaragua (X tons) and Brazil (X tons), together mixing up a X% share of total imports. Peru (X kg) held a little share of total imports.

Imports into Bahamas decreased at an average annual rate of X% from 2012 to 2023. At the same time, Nicaragua (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Argentina experienced a relatively flat trend pattern. By contrast, Brazil (X%) and Peru (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.), Nicaragua (X p.p.), Brazil (X p.p.) and Bahamas (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Peru (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Argentina ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Bahamas and Nicaragua lagged somewhat behind, together comprising a further X%.

Nicaragua, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2023, 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