Latin America and the Caribbean: Ureines Market 2024

Ureines Market Size in Latin America and the Caribbean

The Latin American ureines market totaled $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a noticeable descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ureines Production in Latin America and the Caribbean

In value terms, ureines production declined to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Ureines Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of ureines and their derivatives and salts thereof were exported in Latin America and the Caribbean; waning by X% compared with 2021. In general, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ureines exports rose significantly to $X in 2022. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Uruguay (X kg) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%) and the Dominican Republic (X%). Peru (X kg) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. Colombia (X%), Uruguay (X%), the Dominican Republic (X%) and Peru (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Uruguay (X p.p.), Colombia (X p.p.), the Dominican Republic (X p.p.) and Peru (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest ureines supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained 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 Uruguay ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Ureines Imports

Imports in Latin America and the Caribbean

In 2022, ureines imports in Latin America and the Caribbean rose slightly to X tons, picking up by X% against the previous year's figure. Overall, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ureines imports soared to $X in 2022. Over the period under review, imports posted a pronounced increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil represented the main importer of ureines and their derivatives and salts thereof in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Mexico (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%). The following importers - Argentina (X tons) and Costa Rica (X tons) - each reached a X% share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Costa Rica (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) and Mexico (X%) illustrated a downward trend over the same period. Argentina (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ureines and their derivatives and salts thereof in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, ureines imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Costa Rica ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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