Latin America and the Caribbean: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Latin America and the Caribbean

The Latin American peroxides of sodium market skyrocketed to $X in 2021, surging by 35% against the previous year. Over the period under review, consumption, however, showed tangible growth. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Peroxides Of Sodium Production in Latin America and the Caribbean

In value terms, peroxides of sodium production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2015 with an increase of 20% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Peroxides Of Sodium Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of peroxides of sodium or potassium increased by 59% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, showed a dramatic setback. The growth pace was the most rapid in 2016 when exports increased by 217%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, peroxides of sodium exports skyrocketed to $X in 2021. In general, exports, however, saw a precipitous descent. The growth pace was the most rapid in 2016 when exports increased by 200%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico was the main exporter of peroxides of sodium or potassium in Latin America and the Caribbean, with the volume of exports reaching X tons, which was approx. 57% of total exports in 2021. Trinidad and Tobago (X tons) held a 34% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (6.3%).

From 2012 to 2021, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of +37.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest peroxides of sodium supplying countries in Latin America and the Caribbean were Trinidad and Tobago ($X), Mexico ($X) and Brazil ($X), together comprising 73% of total exports.

Trinidad and Tobago, with a CAGR of +23.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, shrinking by -15.3% against the previous year. Overall, the export price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 114% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then reduced sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.1%), while the other leaders experienced mixed trends in the export price figures.

Peroxides Of Sodium Imports

Imports in Latin America and the Caribbean

Peroxides of sodium imports shrank slightly to X tons in 2021, remaining constant against 2020. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, peroxides of sodium imports soared to $X in 2021. Overall, imports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2014 when imports increased by 48%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Saint Vincent and the Grenadines (X tons), distantly followed by Suriname (X tons) and Cuba (X tons) represented the key importers of peroxides of sodium or potassium, together achieving 68% of total imports. The following importers - El Salvador (X tons), Belize (X tons), Barbados (X tons), Falkland Islands (Malvinas) (X tons), the Dominican Republic (X tons), Guatemala (X tons), Peru (X tons) and Bolivia (X tons) - together made up 24% of total imports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +145.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constitutes the largest market for imported peroxides of sodium or potassium in Latin America and the Caribbean, comprising 32% of total imports. The second position in the ranking was held by Bolivia ($X), with a 15% share of total imports. It was followed by El Salvador, with a 4.7% share.

In Peru, peroxides of sodium imports expanded at an average annual rate of +13.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bolivia (+1.9% per year) and El Salvador (+171.4% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 47% against the previous year. Import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peroxides of sodium import price decreased by -27.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while Saint Vincent and the Grenadines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Falkland Islands (Malvinas) (+28.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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