Latin America and the Caribbean: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Latin America and the Caribbean

In 2021, the Latin American market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals decreased by -1.1% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then fell modestly in the following year.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Latin America and the Caribbean

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +6.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 56% against the previous year. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports in Latin America and the Caribbean

Exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to X tons in 2021, rising by 69% compared with the year before. Over the period under review, exports, however, continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 113% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Mexico (X tons) and Brazil (X tons) were the major exporters of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in Latin America and the Caribbean, together accounting for near 76% of total exports. Panama (X kg) held the next position in the ranking, followed by Guatemala (X kg). All these countries together held near 20% share of total exports. Colombia (X kg) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +24.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest chlorides and phosphorus oxychloride and halides supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Panama ($X), together comprising 90% of total exports. These countries were followed by Guatemala and Colombia, which together accounted for a further 8.1%.

Among the main exporting countries, Guatemala, with a CAGR of +40.8%, 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

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, rising by 8.5% against the previous year. Overall, the export price saw a resilient increase. The growth pace was the most rapid in 2014 when the export price increased by 326% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+16.3%), while the other leaders experienced more modest paces of growth.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports in Latin America and the Caribbean

In 2021, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in Latin America and the Caribbean shrank dramatically to X tons, which is down by -17.4% on the previous year. Over the period under review, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 37% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals fell to $X in 2021. In general, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) represented the key importer of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, comprising 69% of total imports. It was distantly followed by Brazil (X tons), constituting a 22% share of total imports. The following importers - Suriname (X tons) and Turks and Caicos Islands (X tons) - each recorded a 4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to chlorides and phosphorus oxychloride and halides imports into Mexico stood at +3.2%. At the same time, Turks and Caicos Islands (+20.2%) displayed positive paces of growth. Moreover, Turks and Caicos Islands emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +20.2% from 2012-2021. By contrast, Brazil (-2.9%) and Suriname (-25.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico and Turks and Caicos Islands increased by +27 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Suriname ($X) constituted the countries with the highest levels of imports in 2021, with a combined 79% share of total imports.

Among the main importing countries, Mexico, with a CAGR of +1.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 8.7% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2015 when the import price increased by 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Brazil ($X per ton), while Turks and Caicos Islands ($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 (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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