Chile: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Chile

In 2021, after two years of growth, there was significant decline in the Chilean market for inorganic oxygen compounds of non-metals, when its value decreased by -8.5% to $X. Overall, consumption, however, saw a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Chile

In value terms, inorganic oxygen compounds of non-metals production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 107%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Chile

In 2021, approx. X tons of inorganic oxygen compounds of non-metals were exported from Chile; picking up by 135% against 2020 figures. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 233% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports soared to $X in 2021. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 361% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) and Peru (X tons) were the main destinations of inorganic oxygen compounds of non-metals exports from Chile.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +5.3%).

In value terms, the largest markets for inorganic oxygen compounds of non-metals exported from Chile were Argentina ($X) and Peru ($X).

Peru, with a CAGR of +8.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, declining by -37.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 55% against the previous year. The export price peaked at $X per ton in 2020, and then dropped sharply in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Argentina amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+3.0%), while the prices for the other major destinations experienced a decline.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Chile

In 2021, supplies from abroad of inorganic oxygen compounds of non-metals decreased by -20.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by 262%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports declined to $X in 2021. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 84% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Chile, with a 70% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from Belgium exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold. Canada (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.2% per year) and Canada (+38.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of inorganic oxygen compounds of non-metals to Chile, comprising 31% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+36.0% per year) and France (+80.7% per year).

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, growing by 15% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 119% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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