Latin America and the Caribbean: Amino Resin Market 2025

Amino Resin Market Size in Latin America and the Caribbean

In 2022, the Latin American amino resin market increased by 11% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Amino Resin Production in Latin America and the Caribbean

In value terms, amino resin production amounted to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Amino Resin Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of amino resins increased by 22% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 22%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, amino resin exports skyrocketed to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons) and Brazil (X tons) were the major exporters of amino resins in 2022, resulting at near 40% and 27% of total exports, respectively. Chile (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (9.9%) and Peru (8.5%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Brazil ($X) and Mexico ($X) were the countries with the highest levels of exports in 2022, together comprising 84% of total exports. Peru and Chile lagged somewhat behind, together comprising a further 13%.

Peru, with a CAGR of +27.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 2022, with an increase of 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2018 an increase of 29%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.0%), while the other leaders experienced more modest paces of growth.

Amino Resin Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of amino resins were imported in Latin America and the Caribbean; jumping by 19% on the year before. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, amino resin imports skyrocketed to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Brazil represented the key importer of amino resins in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. 44% of total imports in 2022. It was distantly followed by Mexico (X tons), Colombia (X tons) and Argentina (X tons), together constituting a 46% share of total imports. Chile (X tons), Peru (X tons) and Ecuador (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to amino resin imports into Brazil stood at +9.1%. At the same time, Ecuador (+27.9%), Mexico (+22.7%), Chile (+16.0%), Argentina (+7.7%) and Colombia (+5.4%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +27.9% from 2012-2022. Peru experienced a relatively flat trend pattern. Mexico (+15 p.p.) significantly strengthened its position in terms of the total imports, while Argentina, Peru and Colombia saw its share reduced by -1.5%, -2.9% and -7.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported amino resins in Latin America and the Caribbean, comprising 44% of total imports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total imports. It was followed by Colombia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +11.4%. In the other countries, the average annual rates were as follows: Mexico (+18.5% per year) and Colombia (+7.1% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 when the import price increased by 27%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :