Latin America and the Caribbean: Alcohols Market 2021

Alcohols Market Size in Latin America and the Caribbean

In 2020, the Latin American alcohols market decreased by -X% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Alcohols Production in Latin America and the Caribbean

In value terms, alcohols production dropped markedly to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of alcohols production was Trinidad and Tobago (X tons), comprising approx. X% of total volume. Moreover, alcohols production in Trinidad and Tobago exceeded the figures recorded by the second-largest producer, Venezuela (X tons), threefold. Chile (X tons) ranked third in terms of total production with a X% share.

In Trinidad and Tobago, alcohols production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Venezuela (+X% per year) and Chile (-X% per year).

Alcohols Exports

Exports in Latin America and the Caribbean

In 2020, after four years of growth, there was significant decline in overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by -X% to X tons. Total exports indicated mild growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2019, and then fell markedly in the following year.

In value terms, alcohols exports declined significantly to $X in 2020. Over the period under review, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Trinidad and Tobago was the largest exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Latin America and the Caribbean, with the volume of exports recording X tons, which was near X% of total exports in 2020. Venezuela (X tons) ranks second in terms of the total exports with a X% share, followed by Chile (X%). Brazil (X tons) followed a long way behind the leaders.

Exports from Trinidad and Tobago increased at an average annual rate of +X% from 2007 to 2020. At the same time, Chile (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Venezuela (-X%) illustrated a downward trend over the same period. While the share of Trinidad and Tobago (+X p.p.) and Chile (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Venezuela (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Trinidad and Tobago ($X) remains the largest alcohols supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Venezuela ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Trinidad and Tobago was relatively modest. In the other countries, the average annual rates were as follows: Venezuela (-X% per year) and Chile (-X% per year).

Export Prices by Country

In 2020, the alcohols export price in Latin America and the Caribbean amounted to $X per ton, dropping by -X% against the previous year. Overall, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2011 when the export price increased by X% against the previous year. Over the period under review, export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Brazil ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

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

Alcohols Imports

Imports in Latin America and the Caribbean

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported in Latin America and the Caribbean rose markedly to X tons, increasing by X% on the previous year's figure. Total imports indicated measured growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. The volume of import peaked in 2020 and is expected to retain growth in the immediate term.

In value terms, alcohols imports fell to $X in 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Brazil represented the largest importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Mexico (X tons), Colombia (X tons) and Argentina (X tons), together making up a X% share of total imports. Peru (X tons) held a minor share of total imports.

Brazil was also the fastest-growing in terms of the alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imports, with a CAGR of +X% from 2007 to 2020. At the same time, Peru (+X%) and Colombia (+X%) displayed positive paces of growth. Argentina and Mexico experienced a relatively flat trend pattern. Brazil (+X p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Mexico saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest alcohols importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together comprising X% of total imports. Colombia and Peru lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The alcohols import price in Latin America and the Caribbean stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices stood 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 Argentina ($X per ton), while Brazil ($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 import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :