Peru: Market for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates 2024

Market Size for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Peru

In 2021, after two years of decline, there was significant growth in the Peruvian chlorates, bromates and iodates market, when its value increased by 21% to $X. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +11.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Chlorates, bromates and iodates consumption peaked in 2021 and is likely to see steady growth in years to come.

Exports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Exports from Peru

Chlorates, bromates and iodates exports from Peru skyrocketed to X tons in 2021, increasing by 239% on 2020. Over the period under review, exports, however, saw a precipitous descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, chlorates, bromates and iodates exports surged to $X in 2021. In general, exports, however, saw a precipitous curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for chlorates, bromates and iodates exports from Peru, accounting for a 81% share of total exports. Moreover, chlorates, bromates and iodates exports to Venezuela exceeded the volume sent to the second major destination, Bolivia (X tons), sevenfold. Guatemala (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Venezuela amounted to -25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+41.9% per year) and Guatemala (+6.2% per year).

In value terms, Venezuela ($X) remains the key foreign market for chlorates and perchlorates, bromates and perbromates, iodates and periodates exports from Peru, comprising 98% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 1.3% share of total exports. It was followed by Chile, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela totaled -42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+1.2% per year) and Chile (-37.0% per year).

Export Prices by Country

The average chlorates, bromates and iodates export price stood at $X per ton in 2021, declining by -22% against the previous year. Overall, the export price recorded a significant decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 192% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-12.1%), while the prices for the other major destinations experienced a decline.

Imports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Imports into Peru

In 2021, after two years of decline, there was significant growth in purchases abroad of chlorates and perchlorates, bromates and perbromates, iodates and periodates, when their volume increased by 43% to X tons. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorates, bromates and iodates imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Sweden (X tons) and China (X tons) were the main suppliers of chlorates, bromates and iodates imports to Peru, with a combined 45% share of total imports. These countries were followed by India, Mexico, Chile, Spain and Australia, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +93.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of chlorates and perchlorates, bromates and perbromates, iodates and periodates to Peru, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with a 9.4% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile totaled -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.1% per year) and China (-2.5% per year).

Import Prices by Country

The average chlorates, bromates and iodates import price stood at $X per ton in 2021, waning by -18.1% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Chile ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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