Latin America and the Caribbean: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Latin America and the Caribbean

In 2022, the Latin American tall oil fatty acids market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Industrial Tall Oil Fatty Acids in Latin America and the Caribbean

In value terms, tall oil fatty acids production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports in Latin America and the Caribbean

In 2022, shipments abroad of industrial tall oil fatty acids increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, tall oil fatty acids exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt contraction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), Colombia (X tons), Brazil (X tons) and Venezuela (X tons) represented roughly X% of total exports in 2022. Bolivia (X tons) followed a long way behind the leaders.

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

In value terms, Brazil ($X), Colombia ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a notable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Venezuela ($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 Industrial Tall Oil Fatty Acids

Imports in Latin America and the Caribbean

In 2022, tall oil fatty acids imports in Latin America and the Caribbean declined remarkably to X tons, which is down by X% compared with the year before. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tall oil fatty acids imports skyrocketed to $X in 2022. Over the period under review, imports showed a slight descent. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) was the largest importer of industrial tall oil fatty acids, committing X% of total imports. It was distantly followed by Colombia (X tons), Brazil (X tons), Costa Rica (X tons) and the Dominican Republic (X tons), together committing a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tall oil fatty acids imports into Mexico stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Costa Rica (X%), Colombia (X%) and the Dominican Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Colombia and Costa Rica increased by X, X and X percentage points, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported industrial tall oil fatty acids in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, tall oil fatty acids imports contracted by 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: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 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, tall oil fatty acids import price increased by X% against 2016 indices. 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 Brazil ($X per ton) and Colombia ($X per ton), while Costa Rica ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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