Latin America and the Caribbean: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Latin America and the Caribbean

The Latin American scouring pastes and powders market fell modestly to $X in 2023, declining by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Scouring Pastes And Powders in Latin America and the Caribbean

In value terms, scouring pastes and powders production shrank to $X in 2023 estimated in export price. In general, production saw a mild contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Exports of Scouring Pastes And Powders

Exports in Latin America and the Caribbean

In 2023, shipments abroad of scouring pastes and powders was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Overall, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, scouring pastes and powders exports expanded remarkably to $X in 2023. In general, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala represented the largest exporter of scouring pastes and powders in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Argentina (X tons) and Costa Rica (X tons), together comprising a X% share of total exports.

Exports from Guatemala decreased at an average annual rate of X% from 2012 to 2023. At the same time, Costa Rica (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Costa Rica and Argentina increased by X and X percentage points, respectively.

In value terms, Guatemala ($X) remains the largest scouring pastes and powders supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Guatemala totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 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, and then reduced in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced a decline in the export price figures.

Imports of Scouring Pastes And Powders

Imports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded decline in supplies from abroad of scouring pastes and powders, which decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, scouring pastes and powders imports fell slightly to $X in 2023. Overall, imports showed a slight descent. The growth pace was the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, El Salvador (X tons), Panama (X tons), the Dominican Republic (X tons), Costa Rica (X tons) and Honduras (X tons) represented the key importer of scouring pastes and powders in Latin America and the Caribbean, making up X% of total import. Venezuela (X tons), Uruguay (X tons), Guatemala (X tons), Paraguay (X tons), Trinidad and Tobago (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading 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, Panama ($X), Costa Rica ($X) and El Salvador ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The Dominican Republic, Honduras, Venezuela, Guatemala, Trinidad and Tobago, Paraguay, Uruguay and Peru lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Dominican Republic, with a CAGR of X%, saw 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

The import price in Latin America and the Caribbean stood at $X per ton in 2023, leveling off at the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform