Latin America and the Caribbean: Aniline Market 2024

Aniline Market Size in Latin America and the Caribbean

The Latin American aniline market fell notably to $X in 2021, with a decrease of -42.7% against the previous year. Overall, consumption saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Aniline Production in Latin America and the Caribbean

In value terms, aniline production declined to $X in 2021 estimated in export price. In general, production continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Aniline Exports

Exports in Latin America and the Caribbean

After two years of growth, overseas shipments of aniline and its salts (excluding derivatives) decreased by -57.2% to X tons in 2021. In general, exports saw a significant decline. The growth pace was the most rapid in 2017 when exports increased by 1,137% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aniline exports shrank rapidly to $X in 2021. Over the period under review, exports faced a precipitous curtailment. The growth pace was the most rapid in 2013 when exports increased by 456%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala represented the main exporting country with an export of around X tons, which reached 57% of total exports. It was distantly followed by Argentina (X kg), Nicaragua (X kg), Colombia (X kg) and Brazil (X kg), together achieving a 42% share of total exports.

Exports from Guatemala increased at an average annual rate of +47.4% from 2012 to 2021. At the same time, Brazil (+126.2%), Nicaragua (+32.0%) and Colombia (+10.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +126.2% from 2012-2021. Argentina experienced a relatively flat trend pattern. From 2012 to 2021, the share of Guatemala, Argentina, Nicaragua, Colombia and Brazil increased by +57, +14, +11, +9 and +6.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guatemala ($X) remains the largest aniline supplier in Latin America and the Caribbean, comprising 58% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 21% share of total exports. It was followed by Colombia, with a 13% share.

In Guatemala, aniline exports increased at an average annual rate of +36.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nicaragua (+77.9% per year) and Colombia (+2.2% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 67% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2013 an increase of 3,601% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nicaragua (+34.7%), while the other leaders experienced a decline in the export price figures.

Aniline Imports

Imports in Latin America and the Caribbean

In 2021, approx. X tons of aniline and its salts (excluding derivatives) were imported in Latin America and the Caribbean; declining by -46.8% against 2020 figures. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 118%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aniline imports fell sharply to $X in 2021. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 118% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X tons) was the major importer of aniline and its salts (excluding derivatives), comprising 61% of total imports. It was distantly followed by Brazil (X tons), committing a 38% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mexico (with a CAGR of +11.3%).

In value terms, the largest aniline importing markets in Latin America and the Caribbean were Mexico ($X) and Brazil ($X).

In terms of the main importing countries, Mexico, with a CAGR of +13.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 5.2% against the previous year. Overall, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2014 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.0%).

Source: IndexBox Platform

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