Latin America and the Caribbean: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Latin America and the Caribbean

The Latin American metal pickling preparations market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Metal Pickling Preparations Production in Latin America and the Caribbean

In value terms, metal pickling preparations production reached $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Metal Pickling Preparations Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of pickling preparations for metal surfaces increased by 11% to X tons in 2021. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal pickling preparations exports expanded rapidly to $X in 2021. Over the period under review, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons) and Brazil (X tons) dominates exports structure, together comprising 94% of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of -4.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Mexico ($X) remains the largest metal pickling preparations supplier in Latin America and the Caribbean, comprising 79% of total exports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total exports.

In Mexico, metal pickling preparations exports decreased by an average annual rate of -1.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-3.8% per year) and Argentina (-9.2% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, therefore, remained relatively stable against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal pickling preparations export price increased by +76.7% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 44% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.0%), while the other leaders experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of pickling preparations for metal surfaces increased by 44% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, metal pickling preparations imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the key importing country with an import of about X tons, which reached 54% of total imports. It was distantly followed by Brazil (X tons), the Dominican Republic (X tons) and Guatemala (X tons), together mixing up a 23% share of total imports. Chile (X tons), Colombia (X tons), Argentina (X tons), El Salvador (X tons), Ecuador (X tons) and Peru (X tons) held a little share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of pickling preparations for metal surfaces. At the same time, the Dominican Republic (+9.9%), Guatemala (+7.0%) and El Salvador (+5.9%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +9.9% from 2012-2021. Peru and Colombia experienced a relatively flat trend pattern. By contrast, Argentina (-1.8%), Brazil (-2.2%), Chile (-2.4%) and Ecuador (-4.2%) illustrated a downward trend over the same period. The Dominican Republic (+4.2 p.p.) and Guatemala (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -1.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported pickling preparations for metal surfaces in Latin America and the Caribbean, comprising 69% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by Argentina, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+1.4% per year) and Argentina (-1.3% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, falling by -6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 when the import price increased by 32% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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