Latin America and the Caribbean: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Latin America and the Caribbean

The Latin American phosphinates and phosphonates market reached $X in 2022, with an increase of 2.4% against the previous year. Overall, consumption recorded a slight decline. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Phosphinates And Phosphonates Production in Latin America and the Caribbean

In value terms, phosphinates and phosphonates production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports in Latin America and the Caribbean

Phosphinates and phosphonates exports reached X tons in 2022, surging by 4% against the previous year. In general, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 127% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports declined to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 59%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Venezuela (X tons), Honduras (X tons) and Peru (X tons) represented the key exporter of phosphinates (hypophosphites) and phosphonates (phosphites) in Latin America and the Caribbean, committing 67% of total export. It was distantly followed by Chile (X tons), Colombia (X tons), Costa Rica (X tons) and El Salvador (X tons), together achieving a 29% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +38.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphinates and phosphonates supplying countries in Latin America and the Caribbean were Honduras ($X), Peru ($X) and Colombia ($X), with a combined 66% share of total exports.

Honduras, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, waning by -17.2% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of 78%. As a result, the export price reached the peak level of $X per ton. From 2016 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 Colombia ($X per ton), while Venezuela ($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 (+4.8%), while the other leaders experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports in Latin America and the Caribbean

Phosphinates and phosphonates imports dropped modestly to X tons in 2022, remaining constant against the previous year. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil represented the major importing country with an import of around X tons, which resulted at 39% of total imports. It was distantly followed by Peru (X tons), Mexico (X tons), Colombia (X tons) and Argentina (X tons), together constituting a 49% share of total imports. The following importers - Chile (X tons) and Guatemala (X tons) - together made up 5.6% of total imports.

Imports into Brazil decreased at an average annual rate of -5.5% from 2012 to 2022. At the same time, Chile (+31.4%) and Colombia (+8.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +31.4% from 2012-2022. By contrast, Argentina (-1.9%), Mexico (-2.1%), Peru (-6.5%) and Guatemala (-8.5%) illustrated a downward trend over the same period. Colombia (+7 p.p.), Mexico (+5.1 p.p.) and Chile (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Peru saw its share reduced by -2.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest phosphinates and phosphonates importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Peru ($X), together comprising 75% of total imports. Argentina, Colombia, Chile and Guatemala lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Chile, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 45% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphinates and phosphonates import price increased by +104.8% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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