Latin America and the Caribbean: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Latin America and the Caribbean

The Latin American azo- or azoxy-compounds market stood at $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in Latin America and the Caribbean

In value terms, azo- or azoxy-compounds production fell to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Azo- Or Azoxy-Compounds Exports

Exports in Latin America and the Caribbean

In 2022, the amount of diazo-, azo- or azoxy-compounds exported in Latin America and the Caribbean skyrocketed to X tons, increasing by X% on 2021. In general, exports, however, recorded a precipitous contraction. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, azo- or azoxy-compounds exports soared to $X in 2022. Overall, exports, however, saw a significant contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) represented the key exporter of diazo-, azo- or azoxy-compounds, committing X% of total exports. Peru (X tons) held the second position in the ranking, followed by Mexico (X tons), Argentina (X tons), Colombia (X tons), Costa Rica (X tons) and El Salvador (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to azo- or azoxy-compounds exports from Brazil stood at X%. At the same time, Peru (X%), El Salvador (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Costa Rica (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Peru, Argentina, Colombia, Costa Rica and El Salvador increased by X, X, X, X, X and X percentage points, respectively.

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

In Brazil, azo- or azoxy-compounds exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced mixed trends in the export price figures.

Azo- Or Azoxy-Compounds Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of diazo-, azo- or azoxy-compounds were imported in Latin America and the Caribbean; with an increase of X% compared with the year before. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, azo- or azoxy-compounds imports surged to $X in 2022. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) represented the major importer of diazo-, azo- or azoxy-compounds, comprising X% of total imports. It was distantly followed by Mexico (X tons), constituting a X% share of total imports. Colombia (X tons) and Argentina (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to azo- or azoxy-compounds imports into Brazil stood at X%. At the same time, Mexico (X%) and Colombia (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 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil 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, Brazil ($X) constitutes the largest market for imported diazo-, azo- or azoxy-compounds in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. 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, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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