Latin America and the Caribbean: Mercury Market Overview 2020

Mercury Market Size in Latin America and the Caribbean

The revenue of the mercury market in Latin America and the Caribbean amounted to $X in 2017, lowering by -X% against the previous year. The mercury consumption continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. Over the period under review, the mercury market reached its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Mercury Production in Latin America and the Caribbean

In 2017, approx. X tonnes of mercury were produced in Latin America and the Caribbean; coming down by -X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2012, with an increase of X% y-o-y. In that year, the mercury production attained their peak volume of X tonnes. From 2013 to 2017, growth of the mercury production stood at a somewhat lower level.

Mercury Exports

Exports in Latin America and the Caribbean

The exports stood at X tonnes in 2017, falling by -X% against the previous year. The mercury exports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. In that year, the mercury exports attained their peak volume of X tonnes. From 2013 to 2017, growth of the mercury exports failed to regain its momentum.

In value terms, mercury exports totaled $X in 2017. The mercury exports continue to indicate a skyrocketing growth. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Exports by Country

Mexico prevails in mercury exports structure, reaching X tonnes, which was approx. X% of total exports in 2017. It was distantly followed by Aruba (X tonnes), constituting X% share of total exports. Colombia (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to mercury exports from Mexico stood at +X%. At the same time, Colombia (+X%) and Aruba (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. While the share of Colombia (-X%), Aruba (-X%) and Mexico (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest mercury supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Aruba ($X), with a X% share of global exports. It was followed by Colombia, with a X% share.

In Mexico, mercury exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Aruba (+X% per year) and Colombia (+X% per year).

Export Prices by Country

The mercury export price in Latin America and the Caribbean stood at $X per kg in 2017, shrinking by -X% against the previous year. The mercury export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. Over the period under review, the export prices for mercury attained its maximum level of $X per kg in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Colombia ($X per kg), while Aruba ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced a decline in the export price figures.

Mercury Imports

Imports in Latin America and the Caribbean

In 2017, imports of mercury in Latin America and the Caribbean totaled X tonnes, waning by -X% against the previous year. The mercury imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when it surged by X% year-to-year. The volume of imports peaked of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, mercury imports stood at $X in 2017. The mercury imports continue to indicate a measured expansion. Over the period under review, the mercury imports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Imports by Country

Bolivia prevails in mercury imports structure, reaching X tonnes, which was approx. X% of total imports in 2017. It was distantly followed by Chile (X tonnes) and Brazil (X tonnes), together comprising X% share of total imports. Panama (X tonnes), Guyana (X tonnes), Argentina (X tonnes), Peru (X tonnes), Paraguay (X tonnes), Colombia (X tonnes) and Uruguay (X tonnes) held the minor share of total imports.

Bolivia was also the fastest growing in terms of the mercury imports, with a CAGR of +X% from 2007 to 2017. At the same time, Uruguay (+X%), Chile (+X%), Panama (+X%) and Paraguay (+X%) displayed positive paces of growth. By contrast, Argentina (-X%), Brazil (-X%), Guyana (-X%), Colombia (-X%) and Peru (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Peru, Colombia, Guyana, Brazil and Argentina increased by X%, X%, X%, X% and X% percentage points, while Uruguay (-X%), Panama (-X%), Chile (-X%) and Bolivia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bolivia ($X) constitutes the largest market for imported mercury in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Panama, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Bolivia amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Panama (+X% per year).

Import Prices by Country

The mercury import price in Latin America and the Caribbean stood at $X per kg in 2017, lowering by -X% against the previous year. The mercury import price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% year-to-year. In that year, the import prices for mercury attained their peak level of $X per kg. From 2013 to 2017, growth of the import prices for mercury failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Uruguay ($X per kg), while Paraguay ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Uruguay (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform