Latin America and the Caribbean: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Latin America and the Caribbean

The Latin American acid and mordant dye market surged to $X in 2021, picking up by 37% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Latin America and the Caribbean

In value terms, acid and mordant dye production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 29%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports in Latin America and the Caribbean

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were exported in Latin America and the Caribbean; with a decrease of -30.6% compared with 2020 figures. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports fell dramatically to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Colombia (X tons) was the largest exporter of acid and mordant dyes and preparations based thereon, achieving 52% of total exports. Mexico (X tons) took the second position in the ranking, distantly followed by Brazil (X tons) and Panama (X tons). All these countries together held near 39% share of total exports. The following exporters - Peru (X tons) and Uruguay (X tons) - each resulted at a 3.3% share of total exports.

Exports from Colombia increased at an average annual rate of +15.2% from 2012 to 2021. At the same time, Uruguay (+34.6%) and Peru (+18.5%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +34.6% from 2012-2021. By contrast, Panama (-10.4%), Brazil (-12.2%) and Mexico (-14.6%) illustrated a downward trend over the same period. While the share of Colombia (+48 p.p.), Peru (+1.6 p.p.) and Uruguay (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mexico (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X), Mexico ($X) and Brazil ($X) were the countries with the highest levels of exports in 2021, with a combined 87% share of total exports. Panama, Uruguay and Peru lagged somewhat behind, together accounting for a further 7.8%.

Among the main exporting countries, Uruguay, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of exports, 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 ton in 2021, increasing by 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in purchases abroad of acid and mordant dyes and preparations based thereon, when their volume increased by 48% to X tons. In general, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, acid and mordant dye imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) represented the largest importer of acid and mordant dyes and preparations based thereon, creating 42% of total imports. Mexico (X tons) held the second position in the ranking, distantly followed by Argentina (X tons) and Colombia (X tons). All these countries together held approx. 44% share of total imports. Peru (X tons), Ecuador (X tons), Guatemala (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +7.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acid and mordant dye importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together accounting for 78% of total imports. These countries were followed by Colombia, Peru, Ecuador, Guatemala and Uruguay, which together accounted for a further 15%.

Ecuador, with a CAGR of +7.3%, saw 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 2021, the import price in Latin America and the Caribbean amounted to $X per ton, reducing by -2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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