Latin America and the Caribbean: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2025

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Latin America and the Caribbean

The Latin American reaction initiators and accelerators market expanded remarkably to $X in 2022, growing by 9.3% against the previous year. In general, consumption enjoyed a prominent expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Latin America and the Caribbean

In value terms, reaction initiators and accelerators production expanded sharply to $X in 2022 estimated in export price. In general, production saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 48%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in Latin America and the Caribbean

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 20% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a pronounced slump. The growth pace was the most rapid in 2013 when exports increased by 45%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports dropped remarkably to $X in 2022. In general, exports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 23%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil represented the largest exporter of reaction initiators, reaction accelerators and catalytic preparations in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was near 79% of total exports in 2022. It was distantly followed by Mexico (X tons), creating a 14% share of total exports. Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to reaction initiators and accelerators exports from Brazil stood at +2.5%. At the same time, Chile (+4.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +4.8% from 2012-2022. By contrast, Mexico (-6.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +29 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest reaction initiators and accelerators supplier in Latin America and the Caribbean, comprising 66% of total exports. The second position in the ranking was held by Mexico ($X), with a 26% share of total exports.

In Brazil, reaction initiators and accelerators exports expanded at an average annual rate of +2.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+5.9% per year) and Chile (+10.3% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, waning by -50.8% against the previous year. Overall, the export price saw a noticeable shrinkage. The growth pace was the most rapid in 2015 when the export price increased by 63%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 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 Mexico ($X per ton), while Chile ($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 (+12.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in Latin America and the Caribbean

In 2022, imports of reaction initiators, reaction accelerators and catalytic preparations in Latin America and the Caribbean expanded sharply to X tons, increasing by 5.6% on the year before. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, reaction initiators and accelerators imports totaled $X in 2022. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) was the largest importer of reaction initiators, reaction accelerators and catalytic preparations, committing 64% of total imports. Colombia (X tons) held the second position in the ranking, followed by Brazil (X tons) and Venezuela (X tons). All these countries together took approx. 23% share of total imports. The following importers - Argentina (X tons), Trinidad and Tobago (X tons) and Chile (X tons) - together made up 8.9% of total imports.

Mexico was also the fastest-growing in terms of the reaction initiators, reaction accelerators and catalytic preparations imports, with a CAGR of +11.9% from 2012 to 2022. At the same time, Trinidad and Tobago (+4.7%), Colombia (+2.3%), Brazil (+1.9%) and Venezuela (+1.2%) displayed positive paces of growth. By contrast, Argentina (-2.1%) and Chile (-3.8%) illustrated a downward trend over the same period. Mexico (+25 p.p.) significantly strengthened its position in terms of the total imports, while Brazil, Venezuela, Chile, Argentina and Colombia saw its share reduced by -3.4%, -3.5%, -3.6%, -4.9% and -5.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in Latin America and the Caribbean, comprising 80% of total imports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total imports. It was followed by Argentina, with a 2% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled +14.8%. In the other countries, the average annual rates were as follows: Brazil (+5.2% per year) and Argentina (-3.8% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 6.8% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price decreased by -25.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 21% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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