Ecuador: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Ecuador

In 2022, the Ecuadorian barium or aluminium sulphates market increased by 10% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Barium or aluminium sulphates consumption peaked at $X in 2017; afterwards, it flattened through to 2022.

Production of Sulphates Of Barium Or Aluminium in Ecuador

In value terms, barium or aluminium sulphates production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 33% against the previous year. Barium or aluminium sulphates production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Ecuador

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -95.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of 197% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports reduced markedly to $X in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2017 when exports increased by 159% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons), Peru (X tons) and Chile (X tons) were the main destinations of barium or aluminium sulphates exports from Ecuador.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of -11.0%), while the other leaders experienced a decline.

In value terms, the Dominican Republic ($X), Peru ($X) and Chile ($X) appeared to be the largest markets for barium or aluminium sulphates exported from Ecuador worldwide.

The Dominican Republic, with a CAGR of -9.0%, recorded 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 a decline.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, growing by 26% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the Dominican Republic ($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 the Dominican Republic (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Ecuador

In 2022, overseas purchases of sulphates of barium or aluminium increased by 2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports expanded notably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 91%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Colombia (X tons), Peru (X tons) and Turkey (X tons) were the main suppliers of barium or aluminium sulphates imports to Ecuador, together comprising 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +21.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest barium or aluminium sulphates suppliers to Ecuador were Colombia ($X), Peru ($X) and Turkey ($X), with a combined 86% share of total imports.

Turkey, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, picking up by 3.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($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 (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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