Latin America and the Caribbean: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Latin America and the Caribbean

The Latin American market for lauric acid and other acids, their salts and esters expanded to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Latin America and the Caribbean

In value terms, production of lauric acid and other acids, their salts and esters rose markedly to $X in 2023 estimated in export price. The total output 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 pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in Latin America and the Caribbean

In 2023, approx. X tons of lauric acid and other acids, their salts and esters were exported in Latin America and the Caribbean; which is down by X% against the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters dropped to $X in 2023. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The shipments of the two major exporters of lauric acid and other acids, their salts and esters, namely Brazil and Mexico, represented more than two-thirds of total export.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%).

In value terms, Mexico ($X) remains the largest lauric acid and other acids, their salts and esters supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, exports of lauric acid and other acids, their salts and esters expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to see steady growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in overseas purchases of lauric acid and other acids, their salts and esters, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2022, and then contracted dramatically in the following year.

In value terms, imports of lauric acid and other acids, their salts and esters contracted remarkably to $X in 2023. Total imports indicated tangible growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Mexico was the main importer of lauric acid and other acids, their salts and esters in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Brazil (X tons), Colombia (X tons) and Argentina (X tons), together creating a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest lauric acid and other acids, their salts and esters importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total imports. Colombia lagged somewhat behind, accounting for a further X%.

Among the main importing countries, Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

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

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, 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