Latin America and the Caribbean: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Latin America and the Caribbean

The Latin American market for compounds with other nitrogen function (excluding isocyanates) reached $X in 2022, rising by X% against the previous year. The total consumption indicated a pronounced 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 decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Latin America and the Caribbean

In value terms, compounds with other nitrogen function production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Latin America and the Caribbean

In 2022, the amount of compounds with other nitrogen function (excluding isocyanates) exported in Latin America and the Caribbean surged to X tons, rising by X% compared with 2021 figures. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Colombia prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Guatemala (X tons) and Brazil (X tons) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) and Guatemala (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) and Guatemala (X p.p.) displayed negative dynamics.

In value terms, Colombia ($X) remains the largest compounds with other nitrogen function supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Latin America and the Caribbean

In 2022, imports of compounds with other nitrogen function (excluding isocyanates) in Latin America and the Caribbean skyrocketed to X tons, growing by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. Total imports indicated a resilient 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 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the main importer of compounds with other nitrogen function (excluding isocyanates) in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Argentina (X tons), Bolivia (X tons) and Guatemala (X tons), together committing a X% share of total imports. Chile (X tons), Honduras (X tons) and Peru (X tons) took a minor share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%), Honduras (X%) and Bolivia (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Chile (X%), Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Guatemala and Bolivia 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 ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

In Brazil, compounds with other nitrogen function imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Guatemala (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. Import price indicated prominent 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, compounds with other nitrogen function import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual 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 Brazil ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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