Latin America and the Caribbean: Sulphides Of Non-Metals Market 2024

Sulphides Of Non-Metals Market Size in Latin America and the Caribbean

The Latin American sulphides of non-metals market soared to $X in 2021, growing by 16% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.8% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sulphides Of Non-Metals Production in Latin America and the Caribbean

In value terms, sulphides of non-metals production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Sulphides Of Non-Metals Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of sulphides of non-metals and commercial phosphorus trisulphide increased by 12% to X tons in 2021. Overall, exports, however, showed a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sulphides of non-metals exports skyrocketed to $X in 2021. In general, exports, however, recorded a mild setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) represented roughly 99% of total exports in 2021.

Argentina was also the fastest-growing in terms of the sulphides of non-metals and commercial phosphorus trisulphide exports, with a CAGR of -4.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest sulphides of non-metals supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual growth rate of value in Argentina totaled -3.2%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 when the export price increased by 11%. The level of export peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +1.1% per year.

Sulphides Of Non-Metals Imports

Imports in Latin America and the Caribbean

Sulphides of non-metals imports rose remarkably to X tons in 2021, growing by 9.7% compared with the year before. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.9% against 2013 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 23% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, sulphides of non-metals imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.1% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Colombia was the key importer of sulphides of non-metals and commercial phosphorus trisulphide in Latin America and the Caribbean, with the volume of imports reaching X tons, which was approx. 53% of total imports in 2021. It was distantly followed by Brazil (X tons), Mexico (X tons) and Peru (X tons), together comprising a 47% share of total imports.

Colombia was also the fastest-growing in terms of the sulphides of non-metals and commercial phosphorus trisulphide imports, with a CAGR of +24.7% from 2012 to 2021. At the same time, Peru (+8.8%) displayed positive paces of growth. Brazil experienced a relatively flat trend pattern. By contrast, Mexico (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia increased by +40 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X), Brazil ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 93% of total imports.

In terms of the main importing countries, Colombia, with a CAGR of +24.3%, 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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