Latin America and the Caribbean: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Latin America and the Caribbean

The Latin American acyclic hydrocarbons market shrank rapidly to $X in 2020, dropping by -X% against the previous year. In general, consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. The level of consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Production in Latin America and the Caribbean

In value terms, acyclic hydrocarbons production contracted to $X in 2020 estimated in export prices. Over the period under review, production saw a abrupt slump. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Mexico (X tons) remains the largest acyclic hydrocarbons producing country in Latin America and the Caribbean, accounting for X% of total volume. It was followed by Colombia (X tons), with a X% share of total production.

From 2007 to 2020, the average annual rate of growth in terms of volume in Mexico totaled -X%. The remaining producing countries recorded the following average annual rates of production growth: Colombia (+X% per year) and Brazil (-X% per year).

Acyclic Hydrocarbons Exports

Exports in Latin America and the Caribbean

In 2020, shipments abroad of acyclic hydrocarbons decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons exports contracted remarkably to $X in 2020. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Brazil (X tons) represented the main exporter of acyclic hydrocarbons, mixing up X% of total exports. Mexico (X tons) occupied the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took near X% share of total exports. Venezuela (X tons) and Colombia (X tons) took a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to acyclic hydrocarbons exports from Brazil stood at -X%. At the same time, Colombia (+X%), Argentina (+X%), Venezuela (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Mexico (+X p.p.), Argentina (+X p.p.), Venezuela (+X p.p.) and Colombia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Brazil (-X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest acyclic hydrocarbons supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Brazil amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2020, the acyclic hydrocarbons export price in Latin America and the Caribbean amounted to $X per ton, waning by -X% against the previous year. Overall, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Latin America and the Caribbean

In 2020, overseas purchases of acyclic hydrocarbons increased by X% to X tons, rising for the fourth year in a row after four years of decline. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports fell dramatically to $X in 2020. Overall, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mexico dominates acyclic hydrocarbons imports structure, resulting at X tons, which was approx. X% of total imports in 2020. It was distantly followed by Argentina (X tons) and Brazil (X tons), together mixing up a X% share of total imports. Venezuela (X tons), Colombia (X tons) and Peru (X tons) took a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to acyclic hydrocarbons imports into Mexico stood at +X%. At the same time, Peru (+X%), Brazil (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Venezuela (-X%) and Argentina (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.) and Brazil (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Venezuela (-X p.p.) and Argentina (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported acyclic hydrocarbons in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Venezuela ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, acyclic hydrocarbons imports decreased by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Venezuela (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2020, the acyclic hydrocarbons import price in Latin America and the Caribbean amounted to $X per ton, falling by -X% against the previous year. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Venezuela ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Venezuela, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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