Latin America and the Caribbean: Market for Inorganic Oxygen Compounds Of Non-Metals 2025

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Latin America and the Caribbean

After five years of growth, the Latin American market for inorganic oxygen compounds of non-metals decreased by -9.7% to $X in 2021. Over the period under review, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Latin America and the Caribbean

In value terms, inorganic oxygen compounds of non-metals production fell to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +10.1% 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 +43.3% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 50%. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports in Latin America and the Caribbean

In 2021, shipments abroad of inorganic oxygen compounds of non-metals increased by 23% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 239%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports soared to $X in 2021. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 127%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Argentina represented the largest exporting country with an export of about X tons, which amounted to 50% of total exports. It was distantly followed by Chile (X tons), Mexico (X tons) and Bolivia (X tons), together creating a 39% share of total exports. The following exporters - the Dominican Republic (X tons) and Guatemala (X tons) - together made up 7.2% of total exports.

Exports from Argentina increased at an average annual rate of +5.0% from 2012 to 2021. At the same time, the Dominican Republic (+53.6%), Mexico (+37.5%), Chile (+13.4%) and Guatemala (+8.9%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +53.6% from 2012-2021. Bolivia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Mexico, Chile and the Dominican Republic increased by +12, +7.4 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest inorganic oxygen compounds of non-metals supplying countries in Latin America and the Caribbean were Argentina ($X), Mexico ($X) and Chile ($X), with a combined 77% share of total exports. The Dominican Republic, Guatemala and Bolivia lagged somewhat behind, together accounting for a further 16%.

Among the main exporting countries, the Dominican Republic, with a CAGR of +56.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 22% against the previous year. In general, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 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 Guatemala ($X per ton), while Bolivia ($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 (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports in Latin America and the Caribbean

In 2021, overseas purchases of inorganic oxygen compounds of non-metals decreased by -4.2% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals imports reached $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 16%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

Brazil represented the largest importing country with an import of about X tons, which accounted for 49% of total imports. Guatemala (X tons) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Peru (8%), Mexico (6.1%) and Argentina (6.1%). The following importers - Colombia (X tons), Chile (X tons), Bolivia (X tons) and Honduras (X tons) - together made up 13% of total imports.

Imports into Brazil increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Bolivia (+19.4%), Honduras (+16.7%), Colombia (+10.6%), Argentina (+7.3%), Guatemala (+5.8%) and Peru (+3.5%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +19.4% from 2012-2021. By contrast, Mexico (-9.0%) and Chile (-17.8%) illustrated a downward trend over the same period. Brazil (+17 p.p.), Guatemala (+2.8 p.p.), Argentina (+2.4 p.p.), Colombia (+2.3 p.p.), Bolivia (+2 p.p.) and Honduras (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Mexico and Chile saw its share reduced by -10% and -18.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest inorganic oxygen compounds of non-metals importing markets in Latin America and the Caribbean were Brazil ($X), Guatemala ($X) and Mexico ($X), together comprising 55% of total imports. These countries were followed by Colombia, Peru, Chile, Argentina, Bolivia and Honduras, which together accounted for a further 31%.

Among the main importing countries, Honduras, with a CAGR of +24.6%, 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

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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