Latin America and the Caribbean: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Latin America and the Caribbean

In 2021, the Latin American ethyl acetate market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ethyl Acetate Production in Latin America and the Caribbean

In value terms, ethyl acetate production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ethyl Acetate Exports

Exports in Latin America and the Caribbean

In 2021, the amount of ethyl acetate exported in Latin America and the Caribbean skyrocketed to X tons, picking up by 25% against the year before. Overall, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ethyl acetate exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the main exporter of ethyl acetate in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was near 67% of total exports in 2021. It was distantly followed by Mexico (X tons), making up a 32% share of total exports.

Brazil was also the fastest-growing in terms of the ethyl acetate exports, with a CAGR of +1.9% from 2012 to 2021. Mexico (-15.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +40 percentage points.

In value terms, Brazil ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2021.

Among the main exporting countries, Brazil, with a CAGR of +0.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 33% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.4%).

Ethyl Acetate Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of ethyl acetate increased by 7% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 25% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ethyl acetate imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina represented the major importer of ethyl acetate in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was near 30% of total imports in 2021. It was distantly followed by Colombia (X tons), Chile (X tons), Ecuador (X tons), Mexico (X tons) and Bolivia (X tons), together constituting a 51% share of total imports. The following importers - Peru (X tons) and Paraguay (X tons) - together made up 7.3% of total imports.

Argentina was also the fastest-growing in terms of the ethyl acetate imports, with a CAGR of +20.1% from 2012 to 2021. At the same time, Paraguay (+16.4%), Colombia (+8.5%), Bolivia (+6.6%) and Peru (+1.3%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Mexico (-2.0%) and Ecuador (-3.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Argentina, Colombia, Paraguay and Bolivia increased by +22, +5.3, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X), Colombia ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 51% share of total imports.

Argentina, with a CAGR of +17.2%, saw the highest rates of growth with regard to 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

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, jumping by 17% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Bolivia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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