Latin America and the Caribbean: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Latin America and the Caribbean

In 2021, after three years of decline, there was significant growth in the Latin American double or complex silicates market, when its value increased by 12% to $X. In general, consumption, however, showed a pronounced setback. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Double Or Complex Silicates in Latin America and the Caribbean

In value terms, double or complex silicates production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in Latin America and the Caribbean

After five years of growth, shipments abroad of double or complex silicates decreased by -8.6% to X tons in 2021. Over the period under review, exports, however, showed a notable expansion. The growth pace was the most rapid in 2016 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, double or complex silicates exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 36% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

Argentina (X tons) and Mexico (X tons) represented the main exporters of double or complex silicates in 2021, finishing at near 42% and 32% of total exports, respectively. It was distantly followed by Brazil (X tons), mixing up a 20% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +23.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

In terms of the main exporting countries, Argentina, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 30% against the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 48%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 Brazil ($X per ton), while Argentina ($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 (+5.8%), while the other leaders experienced a decline in the export price figures.

Imports of Double Or Complex Silicates

Imports in Latin America and the Caribbean

After two years of decline, purchases abroad of double or complex silicates increased by 9% to X tons in 2021. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 15%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons), Mexico (X tons), Ecuador (X tons), Chile (X tons), Colombia (X tons), Peru (X tons) and Bolivia (X tons) was the largest importer of double or complex silicates in Latin America and the Caribbean, generating 85% of total import.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +26.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. These countries were followed by Ecuador, Colombia, Chile and Bolivia, which together accounted for a further 22%.

Among the main importing countries, Chile, with a CAGR of +14.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 33% against the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates import price increased by +66.9% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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