Latin America and the Caribbean: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Latin America and the Caribbean

The Latin American aromatic monoamines market reached $X in 2022, standing approx. at the previous year. Over the period under review, consumption continues to indicate a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aromatic Monoamines Production in Latin America and the Caribbean

In value terms, aromatic monoamines production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Aromatic Monoamines Exports

Exports in Latin America and the Caribbean

Aromatic monoamines exports surged to X tons in 2022, increasing by X% compared with the year before. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aromatic monoamines exports expanded sharply to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Panama prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Mexico (X tons), generating a X% share of total exports.

Panama was also the fastest-growing in terms of the other aromatic monoamines and their derivatives, salts thereof exports, with a CAGR of X% from 2012 to 2022. At the same time, Mexico (X%) displayed positive paces of growth. Panama (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Panama ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2022.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Panama totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Aromatic Monoamines Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of other aromatic monoamines and their derivatives, salts thereof were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, aromatic monoamines imports rose sharply to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Mexico represented the major importer of other aromatic monoamines and their derivatives, salts thereof in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Brazil (X tons) took the second position in the ranking, distantly followed by Argentina (X tons), Colombia (X tons) and Chile (X tons). All these countries together held approx. X% share of total imports. Costa Rica (X tons) and Guatemala (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aromatic monoamines imports into Mexico stood at X%. At the same time, Guatemala (X%), Chile (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Guatemala 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 Brazil (X%) illustrated a downward trend over the same period. Argentina (X p.p.), Brazil (X p.p.), Chile (X p.p.), Guatemala (X p.p.), Colombia (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported other aromatic monoamines and their derivatives, salts thereof in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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