Latin America and the Caribbean: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in Latin America and the Caribbean

In 2022, the Latin American paraformaldehyde market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Paraformaldehyde Production in Latin America and the Caribbean

In value terms, paraformaldehyde production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Paraformaldehyde Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of paraformaldehyde decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, paraformaldehyde exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Colombia (X tons) represented the key exporter of paraformaldehyde, committing X% of total exports. Brazil (X tons) held the second position in the ranking, followed by Peru (X tons). All these countries together took near X% share of total exports.

Exports from Colombia increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia and Brazil increased by X and X percentage points, respectively.

In value terms, Colombia ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Brazil, with a CAGR of X%, recorded the highest growth rate of 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, jumping by X% against the previous year. Overall, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat 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 Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Paraformaldehyde Imports

Imports in Latin America and the Caribbean

In 2022, imports of paraformaldehyde in Latin America and the Caribbean shrank to X tons, with a decrease of X% compared with the year before. Over the period under review, imports recorded a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, paraformaldehyde imports totaled $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) was the main importer of paraformaldehyde, achieving X% of total imports. It was distantly followed by Peru (X tons), Colombia (X tons), Argentina (X tons) and Ecuador (X tons), together achieving a X% share of total imports. Mexico (X tons) and Bolivia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to paraformaldehyde imports into Brazil stood at X%. At the same time, Ecuador (X%) and Bolivia (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (X%), Peru (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador, Colombia and Bolivia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported paraformaldehyde in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Peru (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ecuador ($X per ton) and Mexico ($X per ton), while Bolivia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :