Latin America and the Caribbean: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Latin America and the Caribbean

The Latin American industrial monocarboxylic fatty acids market reduced to $X in 2021, with a decrease of -5.9% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Industrial Monocarboxylic Fatty Acids in Latin America and the Caribbean

In value terms, industrial monocarboxylic fatty acids production declined to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of industrial monocarboxylic fatty acids, which increased by 59% to X tons in 2021. Overall, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. In general, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina dominates exports structure, finishing at X tons, which was near 76% of total exports in 2021. Peru (X tons), Honduras (X tons), Ecuador (X tons), Guatemala (X tons), Brazil (X tons) and Panama (X tons) followed a long way behind the leaders.

Exports from Argentina increased at an average annual rate of +10.1% from 2012 to 2021. At the same time, Panama (+122.2%), Guatemala (+42.3%), Honduras (+28.4%), Peru (+11.0%) and Ecuador (+3.2%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +122.2% from 2012-2021. By contrast, Brazil (-11.9%) illustrated a downward trend over the same period. While the share of Argentina (+12 p.p.), Guatemala (+3.3 p.p.), Honduras (+3 p.p.) and Panama (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ecuador (-1.9 p.p.) and Brazil (-16 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest industrial monocarboxylic fatty acids supplier in Latin America and the Caribbean, comprising 68% of total exports. The second position in the ranking was held by Peru ($X), with an 8.1% share of total exports. It was followed by Brazil, with a 6.7% share.

In Argentina, industrial monocarboxylic fatty acids exports expanded at an average annual rate of +9.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Peru (+17.7% per year) and Brazil (-10.1% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 24% against the previous year. Over the period under review, the export price, however, recorded a slight setback. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Panama ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Latin America and the Caribbean

For the fifth year in a row, LatAmerica and the Caribbean recorded growth in overseas purchases of industrial monocarboxylic fatty acids, which increased by 52% to X tons in 2021. In general, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. Overall, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile was the key importing country with an import of around X tons, which recorded 59% of total imports. Mexico (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (12%). The following importers - Panama (X tons), Colombia (X tons), Costa Rica (X tons) and Guyana (X tons) - together made up 8.6% of total imports.

Imports into Chile increased at an average annual rate of +22.6% from 2012 to 2021. At the same time, Panama (+139.5%), Guyana (+108.8%), Mexico (+11.8%) and Colombia (+6.8%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +139.5% from 2012-2021. By contrast, Brazil (-2.5%) and Costa Rica (-6.0%) illustrated a downward trend over the same period. Chile (+36 p.p.), Panama (+3.4 p.p.), Mexico (+1.7 p.p.) and Guyana (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Costa Rica and Brazil saw its share reduced by -5% and -24.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial monocarboxylic fatty acids importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Brazil ($X), together comprising 88% of total imports. Panama, Guyana, Colombia and Costa Rica lagged somewhat behind, together comprising a further 7.5%.

Panama, with a CAGR of +118.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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