Latin America and the Caribbean: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Latin America and the Caribbean

The Latin American market for organo-sulphur compounds and other organo-inorganic compounds soared to $X in 2022, growing by 51% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +123.6% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Latin America and the Caribbean

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports in Latin America and the Caribbean

In 2022, shipments abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 109%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds reduced modestly to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in compounds structure, recording X tons, which was near 75% of total exports in 2022. Chile (X tons) held a 6% share (based on physical terms) of total exports, which put it in second place, followed by Guatemala (6%) and Mexico (5.5%). Peru (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to organo-sulphur compounds and other organo-inorganic compounds exports from Brazil stood at +21.5%. At the same time, Guatemala (+31.8%) and Chile (+10.5%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +31.8% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Mexico (-13.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Guatemala and Chile increased by +56, +5.3 and +2 percentage points, respectively.

In value terms, Brazil ($X) remains the largest organo-sulphur compounds and other organo-inorganic compounds supplier in Latin America and the Caribbean, comprising 68% of total exports. The second position in the ranking was taken by Chile ($X), with a 9.5% share of total exports. It was followed by Mexico, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +10.9%. In the other countries, the average annual rates were as follows: Chile (+6.6% per year) and Mexico (-12.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, waning by -12.9% against the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by 12%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports in Latin America and the Caribbean

In 2022, approx. X tons of organo-sulphur compounds and other organo-inorganic compounds were imported in Latin America and the Caribbean; surging by 27% against the previous year. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the key importer of organo-sulphur compounds and other organo-inorganic compounds in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. 61% of total imports in 2022. It was distantly followed by Argentina (X tons), creating a 20% share of total imports. The following importers - Mexico (X tons), Colombia (X tons), Chile (X tons) and Peru (X tons) - together made up 12% of total imports.

Brazil was also the fastest-growing in terms of the organo-sulphur compounds and other organo-inorganic compounds imports, with a CAGR of +10.6% from 2012 to 2022. At the same time, Chile (+2.1%) and Colombia (+1.4%) displayed positive paces of growth. Peru and Argentina experienced a relatively flat trend pattern. By contrast, Mexico (-4.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +25 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported organo-sulphur compounds and other organo-inorganic compounds in Latin America and the Caribbean, comprising 59% of total imports. The second position in the ranking was held by Argentina ($X), with a 23% share of total imports. It was followed by Mexico, with a 6.8% share.

In Brazil, imports of organo-sulphur compounds and other organo-inorganic compounds expanded at an average annual rate of +11.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (+7.2% per year) and Mexico (+5.6% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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