Latin America and the Caribbean: Market for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) 2024

Market Size for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in Latin America and the Caribbean

In 2023, the Latin American market for siliceous fossil meals (kieselguhr, tripolite and diatomite) decreased by X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in Latin America and the Caribbean

In value terms, production of siliceous fossil meals (kieselguhr, tripolite and diatomite) totaled $X in 2023 estimated in export price. The total production indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Exports in Latin America and the Caribbean

In 2023, shipments abroad of siliceous fossil meals (kieselguhr, tripolite and diatomite) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) reduced to $X in 2023. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Peru (X tons) was the main exporter of siliceous fossil meals (kieselguhr, tripolite and diatomite), committing X% of total exports. Argentina (X tons) ranks second in terms of the total exports with a X% share, followed by Paraguay (X%). The following exporters - Mexico (X tons) and Chile (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Paraguay (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Argentina ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Chile and Paraguay lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Paraguay ($X per ton) was 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 mixed trends in the export price figures.

Imports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Imports in Latin America and the Caribbean

In 2023, after three years of growth, there was significant decline in purchases abroad of siliceous fossil meals (kieselguhr, tripolite and diatomite), when their volume decreased by X% to X tons. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2022, and then contracted significantly in the following year.

In value terms, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which finished at X% of total imports. Chile (X tons) held the second position in the ranking, distantly followed by Ecuador (X tons) and Uruguay (X tons). All these countries together took approx. X% share of total imports. Mexico (X tons), Guatemala (X tons), Argentina (X tons), Paraguay (X tons), Colombia (X tons) and Bolivia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to siliceous fossil meal (kieselguhr, tripolite and diatomite) imports into Brazil stood at X%. At the same time, Ecuador (X%), Paraguay (X%), Guatemala (X%), Bolivia (X%), Uruguay (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%), Chile (X%) and Colombia (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Ecuador (X p.p.), Paraguay (X p.p.), Uruguay (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Chile saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported siliceous fossil meals (kieselguhr, tripolite and diatomite) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

In Brazil, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Chile (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform