Latin America and the Caribbean: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Latin America and the Caribbean

The Latin American anti-freezing preparations market expanded to $X in 2021, growing by 4% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.1% against 2012 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Anti-Freezing Preparations Production in Latin America and the Caribbean

In value terms, anti-freezing preparations production dropped modestly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.4% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 32%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Anti-Freezing Preparations Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of anti-freezing preparations and prepared de-icing fluids were exported in Latin America and the Caribbean; surging by 49% on the previous year. Overall, exports, however, recorded a abrupt contraction. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, anti-freezing preparations exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) and Brazil (X tons) represented roughly 61% of total exports in 2021. Peru (X tons) took the next position in the ranking, followed by Chile (X tons) and Guatemala (X tons). All these countries together took approx. 26% share of total exports. The following exporters - Honduras (X tons) and Colombia (X tons) - each finished at a 5.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Peru (with a CAGR of +34.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 82% share of total exports. These countries were followed by Peru, Guatemala, Colombia and Honduras, which together accounted for a further 11%.

In terms of the main exporting countries, Peru, with a CAGR of +29.7%, saw the highest growth rate of the value of exports, 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 2021, surging by 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.5%), while the other leaders experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports in Latin America and the Caribbean

In 2021, imports of anti-freezing preparations and prepared de-icing fluids in Latin America and the Caribbean skyrocketed to X tons, increasing by 59% on 2020. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico prevails in imports structure, reaching X tons, which was near 55% of total imports in 2021. It was distantly followed by Peru (X tons) and Chile (X tons), together creating a 15% share of total imports. Argentina (X tons), Brazil (X tons), Ecuador (X tons), El Salvador (X tons), Bolivia (X tons), the Dominican Republic (X tons), Colombia (X tons) and Panama (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to anti-freezing preparations imports into Mexico stood at +14.5%. At the same time, Panama (+84.6%), Ecuador (+15.3%), El Salvador (+14.6%), the Dominican Republic (+11.8%), Bolivia (+11.6%), Peru (+5.8%) and Chile (+5.0%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +84.6% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (-1.6%) and Brazil (-3.0%) illustrated a downward trend over the same period. Mexico (+19 p.p.) and Panama (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Peru, Chile, Argentina and Brazil saw its share reduced by -2.2%, -2.4%, -3%, -4.9% and -5.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Chile ($X) and Peru ($X) were the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. These countries were followed by Brazil, Argentina, Ecuador, Colombia, the Dominican Republic, Panama, El Salvador and Bolivia, which together accounted for a further 31%.

Panama, with a CAGR of +79.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, falling by -14.5% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 a decrease of -0.1% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Chile ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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