Latin America and the Caribbean: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Latin America and the Caribbean

In 2022, the Latin American rosin and resin acids market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a perceptible descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Rosin And Resin Acids And Derivatives in Latin America and the Caribbean

In value terms, rosin and resin acids production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports in Latin America and the Caribbean

In 2022, overseas shipments of rosin and resin acids and derivatives decreased by X% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, rosin and resin acids exports amounted to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Brazil represented the main exporter of rosin and resin acids and derivatives in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), constituting a X% share of total exports. Mexico (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to rosin and resin acids exports from Brazil stood at X%. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Argentina (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest rosin and resin acids supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

In Brazil, rosin and resin acids exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Imports of Rosin And Resin Acids And Derivatives

Imports in Latin America and the Caribbean

In 2022, approx. X tons of rosin and resin acids and derivatives were imported in Latin America and the Caribbean; waning by X% compared with 2021 figures. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rosin and resin acids imports rose sharply to $X in 2022. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Mexico was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Brazil (X tons), Colombia (X tons) and Chile (X tons), together achieving a X% share of total imports. The following importers - Peru (X tons), Guatemala (X tons), the Dominican Republic (X tons), Argentina (X tons), Ecuador (X tons), Costa Rica (X tons), Venezuela (X tons), Suriname (X tons) and Paraguay (X tons) - together made up X% of total imports.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%), Paraguay (X%), Suriname (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. The Dominican Republic and Ecuador experienced a relatively flat trend pattern. By contrast, Costa Rica (X%), Peru (X%), Chile (X%), Brazil (X%), Venezuela (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia and Guatemala increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Chile, Argentina, Guatemala, Peru, the Dominican Republic, Costa Rica, Ecuador, Suriname, Venezuela and Paraguay lagged somewhat behind, together comprising a further X%.

Guatemala, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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