Latin America and the Caribbean: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Latin America and the Caribbean

In 2022, the Latin American saturated acyclic monocarboxylic acids market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Latin America and the Caribbean

In value terms, saturated acyclic monocarboxylic acids production reduced slightly to $X in 2022 estimated in export price. In general, production saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Latin America and the Caribbean

In 2022, the amount of saturated acyclic monocarboxylic acids exported in Latin America and the Caribbean dropped modestly to X tons, with a decrease of X% compared with 2021. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids exports surged to $X in 2022. Over the period under review, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the key exporting country with an export of about X tons, which accounted for X% of total exports. Mexico (X tons) took the second position in the ranking, distantly followed by Colombia (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price 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, saturated acyclic monocarboxylic acids export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Latin America and the Caribbean

In 2022, the amount of saturated acyclic monocarboxylic acids imported in Latin America and the Caribbean dropped to X tons, with a decrease of X% against the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, saturated acyclic monocarboxylic acids imports soared to $X in 2022. Total imports indicated a noticeable 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Mexico (X tons) and Brazil (X tons) dominates imports structure, together constituting X% of total imports. Colombia (X tons) ranks next in terms of the total imports with a X% share, followed by Argentina (X%). The following importers - Peru (X tons), Ecuador (X tons) and Chile (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest saturated acyclic monocarboxylic acids importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), with a combined X% share of total imports.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Chile ($X per ton), while Mexico ($X per ton) and Brazil ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform

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