Latin America and the Caribbean: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Latin America and the Caribbean

The Latin American salts of acetic acid market totaled $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Salts Of Acetic Acid in Latin America and the Caribbean

In value terms, salts of acetic acid production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a mild downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Salts Of Acetic Acid

Exports in Latin America and the Caribbean

In 2022, the amount of salts of acetic acid exported in Latin America and the Caribbean plummeted to X tons, with a decrease of -37% compared with 2021 figures. In general, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, salts of acetic acid exports reduced markedly to $X in 2022. Over the period under review, exports saw a noticeable curtailment. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) and Guatemala (X tons) were the largest exporters of salts of acetic acid in 2022, reaching near 35% and 34% of total exports, respectively. It was distantly followed by Brazil (X tons) and Colombia (X tons), together constituting a 28% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +12.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X), Guatemala ($X) and Brazil ($X) were the countries with the highest levels of exports in 2022, with a combined 89% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +6.9%, recorded the highest rates of growth with regard to the value of exports, 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, increasing by 15% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while Colombia ($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 (+6.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Salts Of Acetic Acid

Imports in Latin America and the Caribbean

Salts of acetic acid imports skyrocketed to X tons in 2022, picking up by 15% against the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36% 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.

In value terms, salts of acetic acid imports soared to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 36%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico (X tons) and Brazil (X tons) were the major importers of salts of acetic acid in 2022, reaching near 37% and 31% of total imports, respectively. Chile (X tons) ranks next in terms of the total imports with a 10% share, followed by Guatemala (6.9%). The following importers - Argentina (X tons), Peru (X tons) and Costa Rica (X tons) - together made up 7.4% of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salts of acetic acid importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 81% share of total imports.

In terms of the main importing countries, Chile, with a CAGR of +29.4%, recorded 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 an increase of 21%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Argentina ($X per ton), while Guatemala ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :