Latin America and the Caribbean: Amino Resin Market 2024

Amino Resin Market Size in Latin America and the Caribbean

The Latin American amino resin market expanded modestly to $X in 2023, with an increase of X% against the previous year. The total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Amino Resin Production in Latin America and the Caribbean

In value terms, amino resin production rose sharply to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Amino Resin Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of amino resins decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2022, and then shrank markedly in the following year.

In value terms, amino resin exports declined rapidly to $X in 2023. Total exports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

In 2023, Colombia (X tons) was the largest exporter of amino resins, committing X% of total exports. Brazil (X tons) ranks second in terms of the total exports with an X% share, followed by Chile (X%) and Mexico (X%). Panama (X tons) followed a long way behind the leaders.

Exports from Colombia increased at an average annual rate of X% from 2012 to 2023. At the same time, Panama (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Colombia and Mexico increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest amino resin supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Colombia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Mexico ($X per ton) and Brazil ($X per ton), while Colombia ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Amino Resin Imports

Imports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in purchases abroad of amino resins, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then fell in the following year.

In value terms, amino resin imports declined remarkably to $X in 2023. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted rapidly in the following year.

Imports by Country

Brazil was the key importing country with an import of about X tons, which resulted at X% of total imports. Mexico (X tons) took the second position in the ranking, followed by Colombia (X tons) and Argentina (X tons). All these countries together held near X% share of total imports. Chile (X tons), Peru (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to amino resin imports into Brazil stood at X%. At the same time, Mexico (X%), Chile (X%), Argentina (X%), Colombia (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Peru (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mexico and Chile increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, amino resin imports expanded at an average annual rate of X% over the period from 2012-2023. 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 2023, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform