Latin America and the Caribbean: Amino-Resin Market 2024

Amino-Resin Market Size in Latin America and the Caribbean

In 2022, the Latin American amino-resin market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Amino-Resin Production in Latin America and the Caribbean

In value terms, amino-resin production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Amino-Resin Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of amino-resins, phenolic resins and polyurethanes (in primary forms) were exported in Latin America and the Caribbean; shrinking by X% against the year before. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, amino-resin exports skyrocketed to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Brazil represented the major exporter of amino-resins, phenolic resins and polyurethanes (in primary forms) in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Mexico (X tons), Colombia (X tons) and Argentina (X tons), together achieving a X% share of total exports. Peru (X tons), Trinidad and Tobago (X tons) and Chile (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to amino-resin exports from Brazil stood at X%. At the same time, Peru (X%), Trinidad and Tobago (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Mexico (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Peru (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, amino-resin exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), 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, phenolic resins and polyurethanes (in primary forms) were imported in Latin America and the Caribbean; with an increase of X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, amino-resin imports soared to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented roughly X% of total imports in 2022. Colombia (X tons) ranks next in terms of the total imports with a X% share, followed by Argentina (X%). Chile (X tons), Ecuador (X tons), Peru (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Brazil, with a CAGR of X%, 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Chile ($X per ton), while Uruguay ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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