Latin America and the Caribbean: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Latin America and the Caribbean

In 2022, the Latin American double or complex silicates market increased by X% to $X, rising for the second consecutive year after seven years of decline. Overall, consumption, however, continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Double Or Complex Silicates in Latin America and the Caribbean

In value terms, double or complex silicates production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced setback. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in Latin America and the Caribbean

Double or complex silicates exports skyrocketed to X tons in 2022, with an increase of X% on the previous year's figure. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates exports soared to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Mexico (X tons) and Brazil (X tons), together committing a X% share of total exports. Ecuador (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Argentina (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total exports.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

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

Imports of Double Or Complex Silicates

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of double or complex silicates increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, double or complex silicates imports surged to $X in 2022. In general, imports recorded a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%) and the Dominican Republic (X%). The following importers - Colombia (X tons), Ecuador (X tons), Bolivia (X tons) and El Salvador (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to double or complex silicates imports into Mexico stood at X%. At the same time, Chile (X%), the Dominican Republic (X%), Colombia (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bolivia (X%), El Salvador (X%) and Brazil (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Chile (X p.p.), the Dominican Republic (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while El Salvador and Brazil 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, Mexico ($X) constitutes the largest market for imported double or complex silicates in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, remaining stable against the previous year. Import price indicated notable 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, double or complex silicates import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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