Latin America and the Caribbean: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Latin America and the Caribbean

In 2022, the Latin American oils from coal tar market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Latin America and the Caribbean

In value terms, oils from coal tar production reached $X in 2022 estimated in export price. The total production indicated a pronounced increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports in Latin America and the Caribbean

In 2022, approx. X tons of oils and other products of the distillation of high temperature coal tar were exported in Latin America and the Caribbean; jumping by X% compared with 2021. In general, exports, however, showed a noticeable descent. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, oils from coal tar exports surged to $X in 2022. Over the period under review, exports, however, saw a deep reduction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Panama (X tons) represented the key exporter of oils and other products of the distillation of high temperature coal tar, comprising X% of total exports. Brazil (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%) and Mexico (X%).

Exports from Panama increased at an average annual rate of X% from 2012 to 2022. At the same time, Mexico (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Panama, Brazil and Mexico increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest oils from coal tar supplying countries in Latin America and the Caribbean were Panama ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total exports. Mexico lagged somewhat behind, accounting for a further X%.

In terms of the main exporting countries, Mexico, with a CAGR of X%, recorded 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, reducing by X% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Mexico ($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 Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports in Latin America and the Caribbean

After two years of decline, supplies from abroad of oils and other products of the distillation of high temperature coal tar increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; afterwards, it flattened through to 2022.

In value terms, oils from coal tar imports surged to $X in 2022. Total imports indicated a slight increase 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, imports increased by X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ecuador prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Brazil (X tons), making up a X% share of total imports. The following importers - Argentina (X tons) and Mexico (X tons) - each reached a X% share of total imports.

Imports into Ecuador increased at an average annual rate of X% from 2012 to 2022. At the same time, Argentina (X%) and Brazil (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, Mexico (X%) illustrated a downward trend over the same period. While the share of Ecuador (X p.p.), Brazil (X p.p.) and Argentina (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics.

In value terms, Ecuador ($X) constitutes the largest market for imported oils and other products of the distillation of high temperature coal tar in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by Mexico, with a X% share.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Argentina ($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 a decline in the import price figures.

Source: IndexBox Platform

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