Latin America and the Caribbean: Market for Non-Soap Surface-Active Washing and Cleaning Preparations 2023

Market Size for Non-Soap Surface-Active Washing and Cleaning Preparations in Latin America and the Caribbean

In 2021, after three years of growth, there was significant decline in the Latin American market for non-soap surface-active washing and cleaning preparations, when its value decreased by -10.3% to $X. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Non-Soap Surface-Active Washing and Cleaning Preparations in Latin America and the Caribbean

In value terms, production of non-soap surface-active washing and cleaning preparations shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 18%. The level of production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Non-Soap Surface-Active Washing and Cleaning Preparations

Exports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of non-soap surface-active washing and cleaning preparations, which increased by 34% to X tons in 2021. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of non-soap surface-active washing and cleaning preparations rose significantly to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Mexico (X tons) was the largest exporter of non-soap surface-active washing and cleaning preparations, committing 39% of total exports. Guatemala (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (13%), Colombia (10%) and Brazil (7%). The following exporters - Peru (X tons) and El Salvador (X tons) - together made up 6.8% of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of non-soap surface-active washing and cleaning preparations. At the same time, Colombia (+11.0%), Argentina (+4.6%), Guatemala (+4.1%) and Brazil (+3.7%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +11.0% from 2012-2021. Peru experienced a relatively flat trend pattern. By contrast, El Salvador (-2.8%) illustrated a downward trend over the same period. While the share of Colombia (+5.2 p.p.), Argentina (+2.2 p.p.) and Guatemala (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of El Salvador (-1.5 p.p.) and Mexico (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest non-soap surface-active washing and cleaning preparations supplier in Latin America and the Caribbean, comprising 50% of total exports. The second position in the ranking was held by Guatemala ($X), with a 9.8% share of total exports. It was followed by Argentina, with a 9% share.

In Mexico, exports of non-soap surface-active washing and cleaning preparations expanded at an average annual rate of +4.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Guatemala (+3.3% per year) and Argentina (-0.4% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, reducing by -16.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 22%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Soap Surface-Active Washing and Cleaning Preparations

Imports in Latin America and the Caribbean

After five years of growth, overseas purchases of non-soap surface-active washing and cleaning preparations decreased by -2.1% to X tons in 2021. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.8% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020, and then shrank in the following year.

In value terms, imports of non-soap surface-active washing and cleaning preparations soared to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X tons), followed by Peru (X tons), Costa Rica (X tons), Brazil (X tons), Venezuela (X tons), Guatemala (X tons), Argentina (X tons) and Ecuador (X tons) were the key importers of non-soap surface-active washing and cleaning preparations, together creating 54% of total imports. The following importers - Uruguay (X tons), El Salvador (X tons), the Dominican Republic (X tons), Panama (X tons) and Colombia (X tons) - each resulted at a 21% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of +19.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 30% share of total imports. Peru, Colombia, Costa Rica, Guatemala, Ecuador, Panama, the Dominican Republic, El Salvador, Venezuela and Uruguay lagged somewhat behind, together accounting for a further 38%.

Panama, with a CAGR of +15.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 19% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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