Latin America and the Caribbean: Naphthenic Acids Market 2020

Naphthenic Acids Market Size in Latin America and the Caribbean

The revenue of the naphthenic acids market in Latin America and the Caribbean amounted to $X in 2017, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. The level of naphthenic acids consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Naphthenic Acids Exports in Latin America and the Caribbean

In 2017, the amount of naphthenic acids, their water-insoluble salts and their esters exported in Latin America and the Caribbean stood at X tons, increasing by X% against the previous year. The total exports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the naphthenic acids exports decreased by -X% against 2015 indices. The growth pace was the most rapid in 2010, when exports increased by X% against the previous year. Over the period under review, the naphthenic acids exports reached its maximum volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, naphthenic acids exports amounted to $X in 2017. The total exports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked in 2017, and are expected to retain its growth in the immediate term.

Naphthenic Acids Exports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons) and Argentina (X tons) represented the key exporters of naphthenic acids, their water-insoluble salts and their esters in the globe, together creating X% of total exports. Brazil (X tons) ranks second in terms of the global exports with a X% share, followed by Colombia (X%) and Guatemala (X%). Trinidad and Tobago (X tons) and Chile (X tons) took the mild share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Trinidad and Tobago (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest naphthenic acids markets worldwide were Mexico ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total exports. These countries were followed by Chile, Colombia, Trinidad and Tobago and Guatemala, which together accounted for a further X%.

Trinidad and Tobago (+X% per year) experienced the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Naphthenic Acids Export Prices by Country in Latin America and the Caribbean

The naphthenic acids export price in Latin America and the Caribbean stood at $X per ton in 2017, reducing by -X% against the previous year. The naphthenic acids export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The level of export price peaked of $X per ton in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Naphthenic Acids Imports in Latin America and the Caribbean

In 2017, approx. X tons of naphthenic acids, their water-insoluble salts and their esters were imported in Latin America and the Caribbean; approximately reflecting the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the naphthenic acids imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, naphthenic acids imports stood at $X in 2017. The total imports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the naphthenic acids imports decreased by -X% against 2012 indices. Over the period under review, the naphthenic acids imports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Naphthenic Acids Imports by Country in Latin America and the Caribbean

Mexico represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Brazil (X tons) ranks second in terms of the global imports with a X% share, followed by Argentina (X%), Colombia (X%) and Chile (X%). Peru (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, Costa Rica (+X%), Peru (+X%), Brazil (+X%), Argentina (+X%), Chile (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. While the share of Colombia (-X%), Costa Rica (-X%), Peru (-X%), Argentina (-X%), Brazil (-X%) and Mexico (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported naphthenic acids, their water-insoluble salts and their esters in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Argentina, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Argentina (+X% per year).

Naphthenic Acids Import Prices by Country in Latin America and the Caribbean

The naphthenic acids import price in Latin America and the Caribbean stood at $X per ton in 2017, increasing by X% against the previous year. The naphthenic acids import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2012, when the import prices increased by X% against the previous year. In that year, the import prices for naphthenic acids, their water-insoluble salts and their esters reached their peak level of $X per ton. From 2013 to 2017, growth of the import prices for naphthenic acids, their water-insoluble salts and their esters stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Peru (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform