Latin America and the Caribbean: Rare Gases Market 2024

Rare Gases Market Size in Latin America and the Caribbean

In 2022, the Latin American rare gases market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a pronounced reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Rare Gases Production in Latin America and the Caribbean

In value terms, rare gases production shrank slightly to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Rare Gases Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the sixth consecutive year after two years of decline. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, rare gases exports expanded sharply to $X in 2022. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Guatemala prevails in exports structure, recording X cubic meters, which was near X% of total exports in 2022. Peru (X cubic meters) took the second position in the ranking, followed by Brazil (X cubic meters). All these countries together took near X% share of total exports. The Dominican Republic (X cubic meters), Colombia (X cubic meters), El Salvador (X cubic meters) and Antigua and Barbuda (X cubic meters) followed a long way behind the leaders.

Exports from Guatemala increased at an average annual rate of X% from 2012 to 2022. At the same time, Antigua and Barbuda (X%), El Salvador (X%), Peru (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Antigua and Barbuda 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%) and the Dominican Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guatemala, Peru, El Salvador and Antigua and Barbuda increased by X, X, X and X percentage points, respectively.

In value terms, the largest rare gases supplying countries in Latin America and the Caribbean were Brazil ($X), Guatemala ($X) and El Salvador ($X), together accounting for X% of total exports.

El Salvador, 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

The export price in Latin America and the Caribbean stood at $X per cubic meter in 2022, shrinking by X% against the previous year. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per cubic meter in 2013; however, from 2014 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 Brazil ($X per cubic meter), while the Dominican Republic ($X per cubic meter) 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 mixed trends in the export price figures.

Rare Gases Imports

Imports in Latin America and the Caribbean

In 2022, rare gases imports in Latin America and the Caribbean skyrocketed to X cubic meters, rising by X% on the year before. Total imports indicated a buoyant expansion 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. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rare gases imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X cubic meters), distantly followed by Costa Rica (X cubic meters), the Dominican Republic (X cubic meters), Brazil (X cubic meters) and Guatemala (X cubic meters) were the key importers of rare gases (excluding argon), together mixing up X% of total imports. Jamaica (X cubic meters), Guyana (X cubic meters), Panama (X cubic meters), Bahamas (X cubic meters), Ecuador (X cubic meters), El Salvador (X cubic meters), Argentina (X cubic meters) and Colombia (X cubic meters) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported rare gases (excluding argon) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, rare gases imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (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 cubic meter, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2021 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per cubic meter), while Guyana ($X per cubic meter) 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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