Latin America and the Caribbean: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Latin America and the Caribbean

The Latin American synthetic organic colouring matters market reduced to $X in 2022, falling by -8.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Other Synthetic Organic Colouring Matters in Latin America and the Caribbean

In value terms, synthetic organic colouring matters production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 62% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports in Latin America and the Caribbean

In 2022, shipments abroad of other synthetic organic colouring matters decreased by -10.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, synthetic organic colouring matters exports declined to $X in 2022. In general, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) and Brazil (X tons) prevails in exports structure, together mixing up 70% of total exports. Uruguay (X tons) ranks next in terms of the total exports with a 6.3% share, followed by Honduras (4.9%) and Argentina (4.6%). The following exporters - Guatemala (X tons) and Chile (X tons) - each finished at a 5.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +8.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Uruguay ($X), with a combined 83% share of total exports. Guatemala, Argentina, Chile and Honduras lagged somewhat behind, together accounting for a further 9.9%.

In terms of the main exporting countries, Chile, with a CAGR of +3.1%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of 5.1%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Honduras ($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 (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Other Synthetic Organic Colouring Matters

Imports in Latin America and the Caribbean

In 2022, approx. X tons of other synthetic organic colouring matters were imported in Latin America and the Caribbean; shrinking by -17.5% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, synthetic organic colouring matters imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented roughly 51% of total imports in 2022. Honduras (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (6.7%), Guatemala (5.2%), Peru (4.8%) and Colombia (4.5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guatemala (with a CAGR of +6.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Honduras ($X) were the countries with the highest levels of imports in 2022, with a combined 62% share of total imports. Argentina, Colombia, Guatemala and Peru lagged somewhat behind, together comprising a further 19%.

Guatemala, with a CAGR of +6.1%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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