Latin America and the Caribbean: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Latin America and the Caribbean

In 2022, the Latin American barium or aluminium sulphates market increased by 3% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Latin America and the Caribbean

In value terms, barium or aluminium sulphates production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 12%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in Latin America and the Caribbean

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -0.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 160%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports soared to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 114% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) and Colombia (X tons) represented roughly 56% of total exports in 2022. Uruguay (X tons) held the next position in the ranking, followed by Peru (X tons), Venezuela (X tons) and Jamaica (X tons). All these countries together held approx. 36% share of total exports. Paraguay (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Paraguay (with a CAGR of +130.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest barium or aluminium sulphates supplying countries in Latin America and the Caribbean were Mexico ($X), Colombia ($X) and Peru ($X), together comprising 69% of total exports. Uruguay, Jamaica, Paraguay and Venezuela lagged somewhat behind, together accounting for a further 24%.

Among the main exporting countries, Paraguay, with a CAGR of +141.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of 24% 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports in Latin America and the Caribbean

After three years of decline, purchases abroad of sulphates of barium or aluminium increased by 9.9% to X tons in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 39%. Over the period under review, imports attained the peak figure 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 soared to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +47.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Dominican Republic (X tons), Brazil (X tons), Guatemala (X tons), Peru (X tons), Honduras (X tons), Costa Rica (X tons), El Salvador (X tons), Trinidad and Tobago (X tons), Bolivia (X tons), Chile (X tons), Ecuador (X tons) and Colombia (X tons) represented roughly 88% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest barium or aluminium sulphates importing markets in Latin America and the Caribbean were Brazil ($X), the Dominican Republic ($X) and Guatemala ($X), together comprising 48% of total imports. Peru, Chile, El Salvador, Trinidad and Tobago, Honduras, Costa Rica, Bolivia, Colombia and Ecuador lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, El Salvador, with a CAGR of +12.9%, recorded 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 2022, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 when the import price increased by 22% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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