Latin America and the Caribbean: Complex Fluorine Salts Market 2025

Complex Fluorine Salts Market Size in Latin America and the Caribbean

In 2021, the Latin American complex fluorine salts market increased by 0.9% to $X, rising for the fifth year in a row after four years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Complex Fluorine Salts Production in Latin America and the Caribbean

In value terms, complex fluorine salts production fell rapidly to $X in 2021 estimated in export price. Overall, production saw a mild shrinkage. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Complex Fluorine Salts Exports

Exports in Latin America and the Caribbean

In 2021, the amount of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exported in Latin America and the Caribbean declined rapidly to X tons, which is down by -52% compared with 2020. Overall, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2018 with an increase of 40%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, complex fluorine salts exports dropped dramatically to $X in 2021. Over the period under review, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 284% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) and Argentina (X tons) prevails in exports structure, together constituting 93% of total exports. Panama (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +1.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X) emerged as the largest complex fluorine salts supplier in Latin America and the Caribbean, comprising 60% of total exports. The second position in the ranking was held by Argentina ($X), with a 20% share of total exports.

In Brazil, complex fluorine salts exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (-3.2% per year) and Panama (+0.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, jumping by 30% against the previous year. Overall, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by 175% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 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 Panama ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Complex Fluorine Salts Imports

Imports in Latin America and the Caribbean

After three years of decline, overseas purchases of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 21% to X tons in 2021. In general, imports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, complex fluorine salts imports soared to $X in 2021. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the main importer of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near 56% of total imports in 2021. Venezuela (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (13%) and Mexico (7.7%). Chile (X tons) and Colombia (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -7.1% from 2012 to 2021. At the same time, Chile (+5.9%) and Venezuela (+4.6%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +5.9% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Mexico (-1.1%) and Argentina (-2.4%) illustrated a downward trend over the same period. While the share of Venezuela (+9.2 p.p.), Argentina (+2.2 p.p.), Mexico (+2 p.p.) and Chile (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was held by Argentina ($X), with a 15% share of total imports. It was followed by Mexico, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at -7.2%. In the other countries, the average annual rates were as follows: Argentina (-2.6% per year) and Mexico (+1.6% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -1.9% against the previous year. Overall, the import price showed a mild slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 41% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 Colombia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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