Uruguay: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Uruguay

The Uruguayan barium or aluminium sulphates market surged to $X in 2022, growing by 32% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Uruguay

In value terms, barium or aluminium sulphates production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Uruguay

In 2022, overseas shipments of sulphates of barium or aluminium decreased by -11.1% to X tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 53% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, barium or aluminium sulphates exports reached $X in 2022. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Free Zones (X tons) was the main destination for barium or aluminium sulphates exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones amounted to +7.9%.

In value terms, Free Zones ($X) also remains the key foreign market for sulphates of barium or aluminium exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Free Zones totaled +10.9%.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2019 an increase of 13% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +2.8% per year.

Imports of Sulphates Of Barium Or Aluminium

Imports into Uruguay

In 2022, purchases abroad of sulphates of barium or aluminium decreased by -29.7% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 273% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports fell to $X in 2022. Overall, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2019 with an increase of 214%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of barium or aluminium sulphates to Uruguay, with a 71% share of total imports. Moreover, barium or aluminium sulphates imports from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. Brazil (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.6% per year) and Brazil (+67.3% per year).

In value terms, Argentina ($X) constituted the largest supplier of sulphates of barium or aluminium to Uruguay, comprising 64% of total imports. The second position in the ranking was held by Spain ($X), with a 22% share of total imports. It was followed by Brazil, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+48.5% per year) and Brazil (+53.8% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :