MERCOSUR: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in MERCOSUR

The MERCOSUR barium or aluminium sulphates market fell slightly to $X in 2022, waning by -2.3% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in MERCOSUR

In value terms, barium or aluminium sulphates production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in MERCOSUR

In 2022, barium or aluminium sulphates exports in MERCOSUR totaled X tons, increasing by 8.2% compared with 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Colombia (X tons), distantly followed by Uruguay (X tons), Peru (X tons), Venezuela (X tons) and Paraguay (X tons) were the key exporters of sulphates of barium or aluminium, together making up 97% of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading 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, Colombia ($X) remains the largest barium or aluminium sulphates supplier in MERCOSUR, comprising 46% of total exports. The second position in the ranking was held by Peru ($X), with a 21% share of total exports. It was followed by Uruguay, with a 19% share.

In Colombia, barium or aluminium sulphates exports increased at an average annual rate of +4.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+2.0% per year) and Uruguay (+10.9% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, jumping by 29% against the previous year. Overall, the export price saw 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Venezuela ($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 MERCOSUR

In 2022, purchases abroad of sulphates of barium or aluminium decreased by -1.7% to X tons, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports rose to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Brazil (X tons) and Peru (X tons) represented roughly 59% of total imports in 2022. Chile (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (10%) and Colombia (8.4%). The following importers - Guyana (X tons) and Argentina (X tons) - each accounted for an 8.7% share of total imports.

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, Brazil ($X) constitutes the largest market for imported sulphates of barium or aluminium in MERCOSUR, comprising 55% of total imports. The second position in the ranking was held by Peru ($X), with a 12% share of total imports. It was followed by Chile, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +2.4%. In the other countries, the average annual rates were as follows: Peru (+8.4% per year) and Chile (+1.3% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by 6.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 40% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform