Peru: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Peru

In 2022, the Peruvian barium or aluminium sulphates market increased by 1.5% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.8% against 2020 indices. Barium or aluminium sulphates consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Peru

In value terms, barium or aluminium sulphates production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 27%. Barium or aluminium sulphates production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Peru

In 2022, approx. X tons of sulphates of barium or aluminium were exported from Peru; with an increase of 2.6% compared with the previous year's figure. Overall, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 when exports increased by 37% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports soared to $X in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +88.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tons) was the main destination for barium or aluminium sulphates exports from Peru, accounting for a 68% share of total exports. Moreover, barium or aluminium sulphates exports to the Dominican Republic exceeded the volume sent to the second major destination, Ecuador (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-2.3% per year) and Chile (-15.1% per year).

In value terms, the Dominican Republic ($X), Ecuador ($X) and Chile ($X) constituted the largest markets for barium or aluminium sulphates exported from Peru worldwide, together accounting for 99.9% of total exports.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of +4.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, with an increase of 71% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates export price increased by +75.5% against 2020 indices. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the Dominican Republic ($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 (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Peru

In 2022, barium or aluminium sulphates imports into Peru skyrocketed to X tons, rising by 89% compared with the previous year. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, barium or aluminium sulphates imports soared to $X in 2022. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 132% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest barium or aluminium sulphates supplier to Peru, with a 51% share of total imports. Moreover, barium or aluminium sulphates imports from Turkey exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +83.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+2.7% per year) and Sweden (+60.0% per year).

In value terms, Turkey ($X), Ecuador ($X) and China ($X) constituted the largest barium or aluminium sulphates suppliers to Peru, with a combined 79% share of total imports.

Turkey, with a CAGR of +77.1%, saw the highest growth rate of the value of imports, among the main suppliers 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, growing by 8.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 17%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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