Latin America and the Caribbean: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in the Latin American cyclohexanone and methylcyclohexanones market, when its value increased by 82% to $X. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cyclohexanone And Methylcyclohexanones Production in Latin America and the Caribbean

In value terms, cyclohexanone and methylcyclohexanones production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a precipitous contraction. The pace of growth appeared the most rapid in 2015 with a decrease of 99.9% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports in Latin America and the Caribbean

In 2021, exports of cyclohexanone and methylcyclohexanones in Latin America and the Caribbean fell significantly to X tons, declining by -29.6% compared with the year before. In general, exports saw a sharp reduction. The growth pace was the most rapid in 2015 when exports increased by 137%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports dropped modestly to $X in 2021. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 69%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) and Chile (X tons) represented the largest exporters of cyclohexanone and methylcyclohexanones in 2021, accounting for approx. 32% and 24% of total exports, respectively. The Dominican Republic (X tons) held the next position in the ranking, followed by Panama (X tons), Costa Rica (X tons) and Peru (X tons). All these countries together held approx. 33% share of total exports. Colombia (X kg) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +37.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Brazil ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2021, with a combined 67% share of total exports. The Dominican Republic, Peru, Panama and Colombia lagged somewhat behind, together comprising a further 24%.

Peru, with a CAGR of +37.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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, growing by 39% against the previous year. Overall, the export price posted a measured expansion. The growth pace was the most rapid in 2014 when the export price increased by 112% 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.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+17.6%), while the other leaders experienced more modest paces of growth.

Cyclohexanone And Methylcyclohexanones Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of cyclohexanone and methylcyclohexanones was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cyclohexanone and methylcyclohexanones imports surged to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of cyclohexanone and methylcyclohexanones, namely Brazil, Mexico, Argentina and Colombia, represented more than two-thirds of total import. It was distantly followed by Costa Rica (X tons), creating a 6% share of total imports. The Dominican Republic (X tons) and Peru (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Costa Rica (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclohexanone and methylcyclohexanones importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined 66% share of total imports. Colombia, the Dominican Republic, Costa Rica and Peru lagged somewhat behind, together comprising a further 29%.

The Dominican Republic, with a CAGR of +16.8%, recorded 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 the Dominican Republic ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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