Latin America and the Caribbean: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Latin America and the Caribbean

The Latin American ferro-cerium and pyrophoric alloys market declined to $X in 2021, with a decrease of -9.2% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Latin America and the Caribbean

In value terms, ferro-cerium and pyrophoric alloys production reduced to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.8% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 35%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Latin America and the Caribbean

In 2021, shipments abroad of ferro-cerium and pyrophoric alloys was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a abrupt descent. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. Over the period under review, exports saw slight growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Brazil (X tons), distantly followed by Guatemala (X tons), Argentina (X tons) and Colombia (X tons) were the key exporters of ferro-cerium and pyrophoric alloys, together creating 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Argentina (with a CAGR of +22.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Latin America and the Caribbean, comprising 80% of total exports. The second position in the ranking was taken by Guatemala ($X), with an 8.9% share of total exports. It was followed by Colombia, with a 4.8% share.

In Brazil, ferro-cerium and pyrophoric alloys exports expanded at an average annual rate of +11.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Guatemala (+6.0% per year) and Colombia (-13.3% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, surging by 10% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 36% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

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 (+17.9%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Latin America and the Caribbean

In 2021, overseas purchases of ferro-cerium and pyrophoric alloys decreased by -4% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports contracted to $X in 2021. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 6.5% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons), distantly followed by Brazil (X tons), the Dominican Republic (X tons) and Barbados (X tons) were the main importers of ferro-cerium and pyrophoric alloys, together committing 57% of total imports. Panama (X tons), El Salvador (X tons), Belize (X tons), Peru (X tons), Costa Rica (X tons), Jamaica (X tons), Suriname (X tons), Argentina (X tons) and Mexico (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Suriname (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and the Dominican Republic ($X), with a combined 56% share of total imports. Peru, Barbados, Mexico, El Salvador, Costa Rica, Panama, Suriname, Argentina, Jamaica and Belize lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Suriname, with a CAGR of +34.6%, saw 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, shrinking by -2.3% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2020 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Mexico ($X per ton), while Belize ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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