Latin America and the Caribbean: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Latin America and the Caribbean

The Latin American phosphinates and phosphonates market expanded modestly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Phosphinates And Phosphonates Production in Latin America and the Caribbean

In value terms, phosphinates and phosphonates production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Phosphinates And Phosphonates Exports

Exports in Latin America and the Caribbean

In 2022, phosphinates and phosphonates exports in Latin America and the Caribbean reduced to X tons, with a decrease of X% against 2021 figures. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports totaled $X in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Honduras (X tons), distantly followed by Venezuela (X tons), Chile (X tons), Peru (X tons), Colombia (X tons) and El Salvador (X tons) represented the key exporters of phosphinates (hypophosphites) and phosphonates (phosphites), together mixing up X% of total exports. The following exporters - Panama (X tons) and Brazil (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Honduras (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest phosphinates and phosphonates supplying countries in Latin America and the Caribbean were Honduras ($X), Colombia ($X) and Peru ($X), with a combined X% share of total exports.

Honduras, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

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

Phosphinates And Phosphonates Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. In general, imports showed a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Colombia (X tons) were the major importers of phosphinates (hypophosphites) and phosphonates (phosphites) in 2022, amounting to near X% and X% of total imports, respectively. Mexico (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%) and Ecuador (X%). Argentina (X tons) and Chile (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price 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, phosphinates and phosphonates import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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