Latin America and the Caribbean: Mercury Market 2024

Mercury Market Size in Latin America and the Caribbean

For the third consecutive year, the Latin American mercury market recorded decline in sales value, which decreased by X% to $X in 2022. The total consumption indicated notable growth 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 lower figure.

Mercury Production in Latin America and the Caribbean

In value terms, mercury production reduced slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Mercury Exports

Exports in Latin America and the Caribbean

In 2022, the amount of mercuries exported in Latin America and the Caribbean surged to X tons, increasing by X% compared with 2021 figures. Over the period under review, exports, however, showed a deep contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, mercury exports skyrocketed to $X in 2022. In general, exports, however, faced a dramatic downturn. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru was the key exporter of mercuries in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Mexico (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Guatemala (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Guatemala (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest mercury supplying countries in Latin America and the Caribbean were Peru ($X), Mexico ($X) and Guatemala ($X).

Among the main exporting countries, Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Mercury Imports

Imports in Latin America and the Caribbean

After two years of decline, purchases abroad of mercuries increased by X% to X tons in 2022. Overall, imports, however, showed a abrupt curtailment. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, mercury imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bolivia was the largest importer of mercuries in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Argentina (X tons) and Brazil (X tons), together mixing up a X% share of total imports. Cuba (X tons) and Guyana (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mercury imports into Bolivia stood at X%. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%), Cuba (X%) and Guyana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bolivia, Argentina and Brazil 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, Bolivia ($X) constitutes the largest market for imported mercuries in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Cuba, with a X% share.

In Bolivia, mercury imports increased 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 Cuba (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Cuba ($X per ton), while Guyana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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