Latin America and the Caribbean: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2025

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Latin America and the Caribbean

The Latin American compounds of rare-earth metals market totaled $X in 2022, surging by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Latin America and the Caribbean

In value terms, compounds of rare-earth metals production rose slightly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports in Latin America and the Caribbean

In 2022, compounds of rare-earth metals exports in Latin America and the Caribbean declined rapidly to X tons, reducing by X% on the year before. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, compounds of rare-earth metals exports declined modestly to $X in 2022. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons) and Guatemala (X tons) prevails in exports structure, together making up X% of total exports. Colombia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Argentina (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Argentina ($X) remains the largest compounds of rare-earth metals supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports.

In Argentina, compounds of rare-earth metals exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds of rare-earth metals export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

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

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports in Latin America and the Caribbean

In 2022, after three years of decline, there was significant growth in purchases abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals, when their volume increased by X% to X tons. Overall, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, compounds of rare-earth metals imports soared to $X in 2022. In general, imports, however, faced a abrupt downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) represented the largest importer of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals, constituting X% of total imports. It was distantly followed by Mexico (X tons), mixing up an X% share of total imports. El Salvador (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to compounds of rare-earth metals imports into Brazil stood at X%. El Salvador experienced a relatively flat trend pattern. Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and El Salvador increased by X and X percentage points, respectively.

In value terms, the largest compounds of rare-earth metals importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and El Salvador ($X), together comprising X% of total imports.

El Salvador, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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