Latin America and the Caribbean: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Latin America and the Caribbean

The Latin American polycarboxylic acid market reached $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Polycarboxylic Acid Production in Latin America and the Caribbean

In value terms, polycarboxylic acid production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a mild decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of polycarboxylic acids was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Brazil (X tons) and Chile (X tons), together committing a X% share of total exports. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to polycarboxylic acid exports from Mexico stood at X%. Chile (X%), Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Chile increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest polycarboxylic acid supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Mexico, polycarboxylic acid exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Colombia ($X per ton) and Chile ($X per ton), while Mexico ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Polycarboxylic Acid Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of polycarboxylic acids increased by X% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, continue to indicate a noticeable slump. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polycarboxylic acid imports surged to $X in 2022. Overall, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the key importer of polycarboxylic acids in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Argentina (X tons) took the second position in the ranking, distantly followed by Mexico (X tons), Peru (X tons) and Colombia (X tons). All these countries together took approx. X% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total imports. Colombia, Peru and Ecuador lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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