Latin America and the Caribbean: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2025

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Latin America and the Caribbean

After two years of growth, the Latin American market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -3% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the market value increased by 7.6%. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Latin America and the Caribbean

In value terms, butanal butanal and acyclic aldehydes production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports in Latin America and the Caribbean

In 2022, the amount of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exported in Latin America and the Caribbean surged to X tons, increasing by 48% on 2021. Over the period under review, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 134% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, butanal butanal and acyclic aldehydes exports contracted modestly to $X in 2022. Overall, exports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 when exports increased by 90% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, finishing at X tons, which was near 90% of total exports in 2022. Colombia (X tons), Trinidad and Tobago (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butanal butanal and acyclic aldehydes exports from Brazil stood at +23.9%. At the same time, Trinidad and Tobago (+30.4%) and Colombia (+16.0%) displayed positive paces of growth. Moreover, Trinidad and Tobago emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +30.4% from 2012-2022. By contrast, Mexico (-6.8%) illustrated a downward trend over the same period. Brazil (+37 p.p.) and Trinidad and Tobago (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by -18.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest butanal butanal and acyclic aldehydes supplier in Latin America and the Caribbean, comprising 60% of total exports. The second position in the ranking was taken by Mexico ($X), with a 20% share of total exports. It was followed by Colombia, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +5.8%. In the other countries, the average annual rates were as follows: Mexico (-12.9% per year) and Colombia (+13.6% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -35.4% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2020 an increase of 29% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+14.2%), while the other leaders experienced a decline in the export price figures.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports in Latin America and the Caribbean

Butanal butanal and acyclic aldehydes imports declined modestly to X tons in 2022, flattening at the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, butanal butanal and acyclic aldehydes imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented the major importers of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function in 2022, accounting for approx. 31% and 29% of total imports, respectively. It was distantly followed by Argentina (X tons) and Colombia (X tons), together comprising a 25% share of total imports. The following importers - Peru (X tons), Chile (X tons) and Uruguay (X tons) - each recorded a 6.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +5.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butanal butanal and acyclic aldehydes importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for 83% of total imports. Colombia, Chile, Peru and Uruguay lagged somewhat behind, together comprising a further 9.4%.

Chile, with a CAGR of +6.7%, saw the highest growth rate of 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 15% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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