Brazil: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Brazil

The Brazilian barium or aluminium sulphates market fell modestly to $X in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +88.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Exports of Sulphates Of Barium Or Aluminium

Exports from Brazil

In 2022, overseas shipments of sulphates of barium or aluminium decreased by -74% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 277% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports fell remarkably to $X in 2022. Over the period under review, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 98% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Peru (X tons) were the main destinations of barium or aluminium sulphates exports from Brazil, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of +106.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X) emerged as the key foreign market for sulphates of barium or aluminium exports from Brazil, comprising 55% of total exports. The second position in the ranking was held by Peru ($X), with a 19% share of total exports. It was followed by Uruguay, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled +100.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+31.0% per year) and Uruguay (+47.6% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, surging by 167% against the previous year. In general, the export price showed a measured expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+42.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphates Of Barium Or Aluminium

Imports into Brazil

After two years of growth, purchases abroad of sulphates of barium or aluminium decreased by -15.1% to X tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports declined to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +57.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of barium or aluminium sulphates to Brazil, accounting for a 78% share of total imports. Moreover, barium or aluminium sulphates imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was taken by Italy (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.6% per year) and Italy (-10.5% per year).

In value terms, China ($X) constituted the largest supplier of sulphates of barium or aluminium to Brazil, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and Italy (-7.7% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :