Latin America and the Caribbean: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Latin America and the Caribbean

The Latin American market for clays for construction and industrial use reduced modestly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Clays For Construction and Industrial Use in Latin America and the Caribbean

In value terms, production of clays for construction and industrial use dropped to $X in 2022 estimated in export price. Over the period under review, production showed a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Clays For Construction and Industrial Use

Exports in Latin America and the Caribbean

In 2022, approx. X tons of clays for construction and industrial use were exported in Latin America and the Caribbean; declining by -16.4% compared with the year before. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +34.0% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 68%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of clays for construction and industrial use contracted to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +39.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Peru prevails in use structure, finishing at X tons, which was approx. 93% of total exports in 2022. The following exporters - Colombia (X tons) and Brazil (X tons) - together made up 6.7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to clays for construction and industrial use exports from Peru stood at +6.6%. At the same time, Colombia (+13.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +13.0% from 2012-2022. Brazil experienced a relatively flat trend pattern. Peru (+6.5 p.p.) and Colombia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -1.8% from 2012 to 2022, respectively.

In value terms, Peru ($X) remains the largest clays for construction and industrial use supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Peru totaled +7.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+8.7% per year) and Colombia (+1.9% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 7.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 20%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Clays For Construction and Industrial Use

Imports in Latin America and the Caribbean

In 2022, the amount of clays for construction and industrial use imported in Latin America and the Caribbean contracted to X tons, dropping by -6.6% against the previous year's figure. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, imports of clays for construction and industrial use stood at $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +31.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Mexico dominates use structure, finishing at X tons, which was approx. 71% of total imports in 2022. Ecuador (X tons) ranks second in terms of the total imports with an 8.6% share, followed by Colombia (6.8%). Brazil (X tons), Guatemala (X tons) and Chile (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +16.0% from 2012 to 2022. At the same time, Chile (+19.3%), Guatemala (+5.9%) and Colombia (+4.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +19.3% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Ecuador (-1.9%) illustrated a downward trend over the same period. Mexico (+33 p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Brazil and Ecuador saw its share reduced by -3.6%, -4.6% and -15.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported clays for construction and industrial use in Latin America and the Caribbean, comprising 51% of total imports. The second position in the ranking was held by Colombia ($X), with an 11% share of total imports. It was followed by Brazil, with a 9.9% share.

In Mexico, imports of clays for construction and industrial use increased at an average annual rate of +11.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (+4.6% per year) and Brazil (+2.7% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 9.8% against the previous year. Overall, the import price, however, saw a pronounced descent. The pace of growth was the most pronounced in 2019 when the import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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