Latin America and the Caribbean: Pyrites Market 2024

Pyrites Market Size in Latin America and the Caribbean

The Latin American pyrites market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pyrites Production in Latin America and the Caribbean

In value terms, pyrites production stood at $X in 2022 estimated in export price. In general, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Pyrites Exports

Exports in Latin America and the Caribbean

For the fifth consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of pyrites, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, pyrites exports soared to $X in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Peru dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ecuador (X tons), committing a X% share of total exports. Brazil (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pyrites exports from Peru stood at X%. At the same time, Ecuador (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest pyrites supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Brazil ($X per ton), while Ecuador ($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 export price figures.

Pyrites Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of pyrites decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a buoyant increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, pyrites imports reached $X in 2022. Total imports indicated a prominent 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 2014 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented the key importers of pyrites in 2022, amounting to approx. X% and X% of total imports, respectively. Argentina (X tons) held the next position in the ranking, followed by the Dominican Republic (X tons) and Colombia (X tons). All these countries together held near X% share of total imports. Venezuela (X tons) took a little share of total imports.

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

In value terms, the largest pyrites importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total imports. Colombia, Venezuela and the Dominican Republic lagged somewhat behind, together comprising a further X%.

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. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Mexico ($X per ton), while the Dominican Republic ($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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