Latin America and the Caribbean: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Latin America and the Caribbean

The Latin American reaction initiators and accelerators market totaled $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Latin America and the Caribbean

In value terms, reaction initiators and accelerators production expanded to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in Latin America and the Caribbean

In 2022, overseas shipments of reaction initiators, reaction accelerators and catalytic preparations increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports fell remarkably to $X in 2022. In general, exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of reaction initiators, reaction accelerators and catalytic preparations, comprising X% of total exports. Mexico (X tons) held the second position in the ranking, followed by Trinidad and Tobago (X tons). All these countries together held near X% share of total exports. Ecuador (X tons), Chile (X tons) and Colombia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to reaction initiators and accelerators exports from Brazil stood at X%. At the same time, Ecuador (X%), Chile (X%) and Colombia (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, Trinidad and Tobago (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Trinidad and Tobago (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, reaction initiators and accelerators exports increased at 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: Mexico (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Trinidad and Tobago ($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.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in Latin America and the Caribbean

After two years of growth, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by X% to X tons in 2022. Total imports indicated a mild 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. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, reaction initiators and accelerators imports rose rapidly to $X in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico represented the major importing country with an import of about X tons, which reached X% of total imports. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%), Venezuela (X%) and Argentina (X%). Chile (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the reaction initiators, reaction accelerators and catalytic preparations imports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%), Brazil (X%) and Venezuela (X%) displayed positive paces of growth. By contrast, Argentina (X%), Trinidad and Tobago (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Trinidad and Tobago (X p.p.), Chile (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. 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 ton, with an increase of X% against the previous year. Import price indicated a resilient expansion 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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