Latin America and the Caribbean: Thiosulphates Market 2024

Thiosulphates Market Size in Latin America and the Caribbean

The Latin American thiosulphates market skyrocketed to $X in 2021, with an increase of 29% against the previous year. In general, consumption recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Thiosulphates Production in Latin America and the Caribbean

In value terms, thiosulphates production contracted sharply to $X in 2021 estimated in export price. In general, production saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 3,173%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Thiosulphates Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of thiosulphates decreased by -21.5% to X tons, falling for the fourth year in a row after two years of growth. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,030%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, thiosulphates exports declined to $X in 2021. Over the period under review, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 400%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina dominates exports structure, resulting at X tons, which was near 91% of total exports in 2021. The following exporters - Brazil (X tons) and Costa Rica (X tons) - together made up 6.9% of total exports.

Exports from Argentina increased at an average annual rate of +26.9% from 2012 to 2021. At the same time, Costa Rica (+34.4%) and Brazil (+9.9%) 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 +34.4% from 2012-2021. From 2012 to 2021, the share of Argentina increased by +9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest thiosulphates supplier in Latin America and the Caribbean, comprising 75% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 12% share of total exports.

In Argentina, thiosulphates exports increased at an average annual rate of +24.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (+44.0% per year) and Brazil (-1.5% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by 20% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when the export price increased by 40%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+7.1%), while the other leaders experienced a decline in the export price figures.

Thiosulphates Imports

Imports in Latin America and the Caribbean

In 2021, the amount of thiosulphates imported in Latin America and the Caribbean soared to X tons, increasing by 39% against the previous year. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 149% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, thiosulphates imports surged to $X in 2021. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 76% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X tons) was the main importer of thiosulphates, comprising 54% of total imports. Argentina (X tons) ranks second in terms of the total imports with a 22% share, followed by Uruguay (14%) and Chile (4.7%). Peru (X tons) and Brazil (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +9.9% from 2012 to 2021. At the same time, Argentina (+41.6%), Peru (+33.0%), Uruguay (+32.2%), Chile (+31.9%) and Brazil (+8.6%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +41.6% from 2012-2021. From 2012 to 2021, the share of Argentina, Uruguay, Chile and Peru increased by +18, +9.8, +3.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported thiosulphates in Latin America and the Caribbean, comprising 46% of total imports. The second position in the ranking was taken by Uruguay ($X), with a 19% share of total imports. It was followed by Argentina, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled +8.8%. In the other countries, the average annual rates were as follows: Uruguay (+33.3% per year) and Argentina (+34.7% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by -16.1% against the previous year. Overall, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 105%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the 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 Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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