Latin America and the Caribbean: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Latin America and the Caribbean

The Latin American scouring pastes and powders market totaled $X in 2021, remaining constant against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Scouring Pastes And Powders in Latin America and the Caribbean

In value terms, scouring pastes and powders production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Scouring Pastes And Powders

Exports in Latin America and the Caribbean

In 2021, approx. X tons of scouring pastes and powders were exported in Latin America and the Caribbean; with a decrease of -14.4% against the year before. Overall, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of 45%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, scouring pastes and powders exports shrank to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 46% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala was the key exporter of scouring pastes and powders in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. 67% of total exports in 2021. It was distantly followed by Costa Rica (X tons) and Argentina (X tons), together making up a 29% share of total exports. Peru (X tons) followed a long way behind the leaders.

Exports from Guatemala decreased at an average annual rate of -2.7% from 2012 to 2021. At the same time, Costa Rica (+19.0%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +19.0% from 2012-2021. By contrast, Peru (-1.9%) and Argentina (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Costa Rica and Guatemala increased by +15 and +11 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guatemala ($X) remains the largest scouring pastes and powders supplier in Latin America and the Caribbean, comprising 70% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 16% share of total exports. It was followed by Argentina, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Guatemala amounted to -3.5%. In the other countries, the average annual rates were as follows: Costa Rica (+17.0% per year) and Argentina (-10.1% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 6.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Guatemala ($X per ton) and Costa Rica ($X per ton), while Argentina ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (-0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Scouring Pastes And Powders

Imports in Latin America and the Caribbean

In 2021, approx. X tons of scouring pastes and powders were imported in Latin America and the Caribbean; which is down by -21.9% on 2020. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2019 when imports increased by 28%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, scouring pastes and powders imports reduced to $X in 2021. Over the period under review, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 24% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Panama (X tons), El Salvador (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) represented the main importer of scouring pastes and powders in Latin America and the Caribbean, constituting 70% of total import. It was distantly followed by Chile (X tons), generating a 4.9% share of total imports. The following importers - Guatemala (X tons), Honduras (X tons), Nicaragua (X tons), Venezuela (X tons), Uruguay (X tons), Trinidad and Tobago (X tons), Paraguay (X tons) and Peru (X tons) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of +153.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest scouring pastes and powders importing markets in Latin America and the Caribbean were Panama ($X), Costa Rica ($X) and El Salvador ($X), together accounting for 61% of total imports.

Among the main importing countries, Panama, with a CAGR of +161.4%, saw 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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