Latin America and the Caribbean: Abs Copolymers Market 2024

Abs Copolymers Market Size in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in the Latin American ABS copolymers market, when its value increased by 37% to $X. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Abs Copolymers Production in Latin America and the Caribbean

In value terms, ABS copolymers production rose significantly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.1% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Abs Copolymers Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by -32.7% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, ABS copolymers exports fell to $X in 2021. Over the period under review, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, namely Mexico, represented more than two-thirds of total export.

Mexico was also the fastest-growing in terms of the acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports, with a CAGR of -1.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest ABS copolymers supplier in Latin America and the Caribbean.

In Mexico, ABS copolymers exports declined by an average annual rate of -2.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, surging by 31% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to -0.4% per year.

Abs Copolymers Imports

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in supplies from abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, when their volume increased by 46% to X tons. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers imports soared to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the main importer of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near 57% of total imports in 2021. It was distantly followed by Brazil (X tons), creating a 32% share of total imports. Argentina (X tons) and Colombia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +6.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ABS copolymers importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together comprising 94% of total imports.

In terms of the main importing countries, Mexico, with a CAGR of +5.5%, recorded 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 2021, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Argentina ($X per ton) and Colombia ($X per ton), while Brazil ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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