Latin America and the Caribbean: Market for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) 2024

Market Size for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in Latin America and the Caribbean

The Latin American market for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) dropped to $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in Latin America and the Caribbean

In value terms, production of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) shrank modestly to $X in 2022 estimated in export price. Overall, production showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Exports in Latin America and the Caribbean

In 2022, overseas shipments of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) decreased by X% to X tons, falling for the second year in a row after five years of growth. Overall, exports showed a perceptible setback. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) fell significantly to $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates), generating X% of total exports. Peru (X tons) ranks second in terms of the total exports with a X% share, followed by Guatemala (X%) and Colombia (X%).

From 2012 to 2022, average annual rates of growth with regard to salts of inorganic acids or peroxoacids exports from Brazil stood at X%. At the same time, Guatemala (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) and Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Guatemala increased by X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest salts of inorganic acids or peroxoacids supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Brazil, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a perceptible decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Colombia ($X per ton), while Guatemala ($X per ton) 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 a decline in the export price figures.

Imports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a mild setback. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) contracted modestly to $X in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons) and Brazil (X tons) dominates silicates) structure, together creating X% of total imports. It was distantly followed by Argentina (X tons), constituting an X% share of total imports. The following importers - Ecuador (X tons), Colombia (X tons), Chile (X tons) and Peru (X tons) - together made up X% of total imports.

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

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Ecuador, Peru, Chile and Colombia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ecuador, 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a perceptible decrease. The growth pace was the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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