Latin America and the Caribbean: Feldspar Market 2024

Feldspar Market Size in Latin America and the Caribbean

In 2021, after three years of growth, there was significant decline in the Latin American feldspar market, when its value decreased by -12.3% to $X. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.1% against 2017 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Feldspar Production in Latin America and the Caribbean

In value terms, feldspar production declined notably to $X in 2021 estimated in export price. Over the period under review, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 61%. Over the period under review, production attained the peak level at $X in 2020, and then reduced notably in the following year.

Feldspar Exports

Exports in Latin America and the Caribbean

In 2021, the amount of feldspar exported in Latin America and the Caribbean soared to X tons, rising by 31% on the previous year. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, feldspar exports surged to $X in 2021. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Guatemala was the largest exporting country with an export of around X tons, which accounted for 47% of total exports. Mexico (X tons) ranks second in terms of the total exports with a 30% share, followed by Argentina (12%) and Peru (5.7%). Brazil (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +6.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the largest feldspar supplier in Latin America and the Caribbean, comprising 45% of total exports. The second position in the ranking was held by Brazil ($X), with a 21% share of total exports. It was followed by Guatemala, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +15.7%. In the other countries, the average annual rates were as follows: Brazil (+9.7% per year) and Guatemala (+7.5% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, remaining relatively unchanged against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, feldspar export price increased by +79.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 26%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Guatemala ($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 (+15.8%), while the other leaders experienced more modest paces of growth.

Feldspar Imports

Imports in Latin America and the Caribbean

Feldspar imports surged to X tons in 2021, with an increase of 55% compared with the year before. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, feldspar imports surged to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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.

Imports by Country

Chile (X tons) and Peru (X tons) represented roughly 59% of total imports in 2021. Colombia (X tons) held the next position in the ranking, followed by Costa Rica (X tons) and Ecuador (X tons). All these countries together took approx. 28% share of total imports. The following importers - Nicaragua (X tons) and Venezuela (X tons) - together made up 7.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported feldspar in Latin America and the Caribbean, comprising 34% of total imports. The second position in the ranking was held by Colombia ($X), with a 15% share of total imports. It was followed by Peru, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Chile totaled +12.8%. In the other countries, the average annual rates were as follows: Colombia (+3.8% per year) and Peru (+14.6% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 9.8% against the previous year. In general, the import price recorded a mild expansion. The growth pace was the most rapid in 2015 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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