Latin America and the Caribbean: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Latin America and the Caribbean

The Latin American activated natural mineral products market stood at $X in 2021, remaining constant against the previous year. Over the period under review, consumption continues to indicate a slight curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Activated Natural Mineral Products in Latin America and the Caribbean

In value terms, activated natural mineral products production expanded significantly to $X in 2021 estimated in export price. In general, production saw a slight descent. The pace of growth appeared the most rapid in 2015 with an increase of 15%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Activated Natural Mineral Products

Exports in Latin America and the Caribbean

Activated natural mineral products exports shrank modestly to X tons in 2021, with a decrease of -2.2% against 2020 figures. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 31%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, activated natural mineral products exports expanded sharply to $X in 2021. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X tons) was the largest exporter of activated natural mineral products, comprising 56% of total exports. Chile (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Peru (9.7%), Brazil (6.7%) and Argentina (4.9%).

From 2012 to 2021, average annual rates of growth with regard to activated natural mineral products exports from Mexico stood at -6.4%. At the same time, Brazil (+7.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +7.2% from 2012-2021. By contrast, Chile (-2.9%), Peru (-6.9%) and Argentina (-12.3%) illustrated a downward trend over the same period. While the share of Chile (+5.2 p.p.) and Brazil (+4.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mexico (-3.6 p.p.) and Argentina (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest activated natural mineral products supplier in Latin America and the Caribbean, comprising 50% of total exports. The second position in the ranking was held by Chile ($X), with a 23% share of total exports. It was followed by Brazil, with a 14% share.

In Mexico, activated natural mineral products exports contracted by an average annual rate of -5.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-2.8% per year) and Brazil (+9.8% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2015 when the export price increased by 30% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($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 more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports in Latin America and the Caribbean

In 2021, overseas purchases of activated natural mineral products decreased by -19.3% to X tons, falling for the second consecutive year after four years of growth. In general, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 19%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, activated natural mineral products imports reduced to $X in 2021. Over the period under review, imports showed a mild downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 6.2%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons), distantly followed by Chile (X tons), Mexico (X tons), Argentina (X tons), Peru (X tons), Colombia (X tons) and Ecuador (X tons) were the main importers of activated natural mineral products, together generating 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +9.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported activated natural mineral products in Latin America and the Caribbean, comprising 25% of total imports. The second position in the ranking was held by Argentina ($X), with a 12% share of total imports. It was followed by Mexico, with an 11% share.

In Brazil, activated natural mineral products imports contracted by an average annual rate of -3.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (-1.7% per year) and Mexico (-2.5% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the import price increased by 23%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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