Latin America and the Caribbean: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Latin America and the Caribbean

After two years of decline, the Latin American cyanides and cyanide oxides market increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Latin America and the Caribbean

In value terms, cyanides and cyanide oxides production stood at $X in 2022 estimated in export price. In general, production recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of cyanides, cyanide oxides and complex cyanides, which increased by X% to X tons in 2022. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cyanides and cyanide oxides exports soared to $X in 2022. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Brazil was the key exporting country with an export of around X tons, which recorded X% of total exports. Peru (X tons) ranks second in terms of the total exports with a X% share, followed by Colombia (X%). Mexico (X tons) and Chile (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Mexico (X%), Colombia (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Peru, Colombia and Mexico increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest cyanides and cyanide oxides supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (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, surging by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Mexico ($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 Cyanides, Cyanide Oxides And Complex Cyanides

Imports in Latin America and the Caribbean

In 2022, overseas purchases of cyanides, cyanide oxides and complex cyanides were finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cyanides and cyanide oxides imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable reduction. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Peru represented the main importer of cyanides, cyanide oxides and complex cyanides in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Mexico (X tons) ranks second in terms of the total imports with an X% share, followed by Argentina (X%), Chile (X%), Suriname (X%) and Colombia (X%). The following importers - Bolivia (X tons), Nicaragua (X tons), Ecuador (X tons), Brazil (X tons), Honduras (X tons) and the Dominican Republic (X tons) - together made up X% of total imports.

Imports into Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Nicaragua (X%), Colombia (X%), Suriname (X%), Argentina (X%), Ecuador (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bolivia (X%), Honduras (X%), Chile (X%), Brazil (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.), Argentina (X p.p.), Suriname (X p.p.), Colombia (X p.p.), Nicaragua (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.), Chile (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) constitutes the largest market for imported cyanides, cyanide oxides and complex cyanides in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Peru totaled X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mexico ($X per ton) and Suriname ($X per ton), while Peru ($X per ton) and Colombia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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