Report Update Nov 1, 2024

Venezuela - Aluminium Hydroxide - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Venezuela

The Venezuelan aluminium hydroxide market dropped modestly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Aluminium Hydroxide Production in Venezuela

In value terms, aluminium hydroxide production declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 5.5% against the previous year. Aluminium hydroxide production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Aluminium Hydroxide Exports

Exports from Venezuela

Aluminium hydroxide exports from Venezuela shrank to X tons in 2022, with a decrease of -3.5% on 2021. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 7.5%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aluminium hydroxide exports declined to $X in 2022. In general, exports saw a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 36%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for aluminium hydroxide exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to -21.2%.

In value terms, Colombia ($X) also remains the key foreign market for aluminium hydroxide exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to -22.4%.

Export Prices by Country

In 2022, the average aluminium hydroxide export price amounted to $X per ton, waning by -10.1% against the previous year. In general, the export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 26% 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 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -1.5% per year.

Aluminium Hydroxide Imports

Imports into Venezuela

After two years of decline, purchases abroad of aluminium hydroxide increased by 502% to X tons in 2022. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 596%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium hydroxide imports soared to $X in 2022. In general, imports saw a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 836%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest aluminium hydroxide supplier to Venezuela, accounting for a 39% share of total imports. Moreover, aluminium hydroxide imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.7% per year) and Denmark (+30.5% per year).

In value terms, Denmark ($X) constituted the largest supplier of aluminium hydroxide to Venezuela, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by the United States, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and the United States (-20.0% per year).

Import Prices by Country

In 2022, the average aluminium hydroxide import price amounted to $X per ton, declining by -19.9% against the previous year. In general, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 200% against the previous year. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium hydroxide in the world?

China remains the largest aluminium hydroxide consuming country worldwide, comprising approx. 15% of total volume. Moreover, aluminium hydroxide consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 3.9% share.

What are the largest producers of aluminium hydroxide in the world?

China constituted the country with the largest volume of aluminium hydroxide production, accounting for 15% of total volume. Moreover, aluminium hydroxide production in China exceeded the figures recorded by the second-largest producer, India, threefold. Brazil ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of aluminium hydroxide to Venezuela?

In value terms, the United States constituted the largest supplier of aluminium hydroxide to Venezuela, comprising 36% of total imports. The second position in the ranking was occupied by Germany, with a 4.2% share of total imports.

What are the leading importers of aluminium hydroxide from Venezuela?

In value terms, Colombia remains the key foreign market for aluminium hydroxide exports from Venezuela.

What is the average export price for aluminium hydroxide in Venezuela?

In 2021, the average aluminium hydroxide export price amounted to $194 per ton, rising by 4.1% against the previous year.

What is the average import price for aluminium hydroxide in Venezuela?

The average aluminium hydroxide import price stood at $294 per ton in 2021, standing approx. at the previous year.

This report provides an in-depth analysis of the aluminium hydroxide market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132570 - Aluminium hydroxide

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023