Colombia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Colombia

The Colombian barium or aluminium sulphates market contracted to $X in 2022, which is down by -8.1% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Colombia

In value terms, barium or aluminium sulphates production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 15%. Barium or aluminium sulphates production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Colombia

In 2022, the amount of sulphates of barium or aluminium exported from Colombia skyrocketed to X tons, jumping by 66% compared with the previous year. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.9% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. In general, exports showed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), the Dominican Republic (X tons) and Ecuador (X tons) were the main destinations of barium or aluminium sulphates exports from Colombia, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +71.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Dominican Republic ($X) and Ecuador ($X) were the largest markets for barium or aluminium sulphates exported from Colombia worldwide, together accounting for 96% of total exports.

The United States, with a CAGR of +70.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, jumping by 33% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to the United States ($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 Ecuador (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Colombia

In 2022, imports of sulphates of barium or aluminium into Colombia stood at X tons, growing by 3.2% on the year before. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 328%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports dropped markedly to $X in 2022. In general, imports saw a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 179%. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest barium or aluminium sulphates supplier to Colombia, with a 75% share of total imports. Moreover, barium or aluminium sulphates imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was held by India (X tons), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.7% per year) and India (+15.2% per year).

In value terms, Turkey ($X), China ($X) and India ($X) were the largest barium or aluminium sulphates suppliers to Colombia, together comprising 84% of total imports.

In terms of the main suppliers, China, with a CAGR of +23.2%, 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

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, falling by -20.1% against the previous year. In general, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2021 an increase of 48%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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