Report Update Nov 1, 2024

Venezuela - Iron Oxides and Hydroxides - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Venezuela: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Venezuela

After two years of growth, the Venezuelan iron oxide pigment market decreased by -7% to $X in 2021. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.3% against 2012 indices. Iron oxide pigment consumption peaked at $X in 2020, and then reduced in the following year.

Iron Oxide Pigment Production in Venezuela

In value terms, iron oxide pigment production dropped to $X in 2021 estimated in export price. Overall, production, however, saw a strong expansion. The growth pace was the most rapid in 2013 with an increase of 47% against the previous year. Iron oxide pigment production peaked at $X in 2020, and then fell in the following year.

Iron Oxide Pigment Exports

Exports from Venezuela

In 2014, approx. X kg of iron oxide pigments were exported from Venezuela; which is down by -20% on the previous year's figure. In general, exports saw a significant decrease. Over the period under review, the exports reached the maximum at X kg in 2013, and then shrank sharply in the following year.

In value terms, iron oxide pigment exports declined markedly to $X in 2014. Over the period under review, exports saw a deep downturn. The exports peaked at $X in 2013, and then dropped significantly in the following year.

Exports by Country

Mexico (X kg) was the main destination for iron oxide pigment exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2013 to 2014, the average annual growth rate of volume to Mexico was relatively modest.

In value terms, Mexico ($X) emerged as the key foreign market for iron oxide pigments exports from Venezuela.

From 2013 to 2014, the average annual rate of growth in terms of value to Mexico was relatively modest.

Export Prices by Country

The average iron oxide pigment export price stood at $X per ton in 2014, growing by 2.5% against the previous year. Over the period from 2013 to 2014, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2014, the rate of growth in terms of prices for Mexico amounted to 0.0% per year.

Iron Oxide Pigment Imports

Imports into Venezuela

In 2021, supplies from abroad of iron oxide pigments increased by 132% to X tons, rising for the second year in a row after five years of decline. In general, imports, however, showed a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by 191%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, iron oxide pigment imports soared to $X in 2021. Overall, imports, however, showed a precipitous decline. The pace of growth appeared the most rapid in 2020 when imports increased by 326%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of iron oxide pigment imports to Venezuela, together comprising 79% of total imports. These countries were followed by Colombia, France, Brazil, Spain and the United States, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +43.1%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), China ($X) and Colombia ($X) constituted the largest iron oxide pigment suppliers to Venezuela, with a combined 81% share of total imports. These countries were followed by the Netherlands, Brazil, the United States, France and Spain, which together accounted for a further 14%.

France, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average iron oxide pigment import price amounted to $X per ton, increasing by 3.7% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron oxide pigment import price increased by +51.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments consumption in 2020 were China, Germany and the United States, with a combined 43% share of global consumption. India, Mexico, Japan, Chile, Taiwan Chinese), Russia, Italy, France, Brazil and Poland lagged somewhat behind, together comprising a further 31%.

What are the largest producers of iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments production in 2020 were China, Germany and India, together accounting for 57% of global production. Japan, Brazil, Chile, South Korea, Taiwan Chinese), France, Italy, Mauritania, Austria and Belgium lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of iron oxides and hydroxides to Venezuela?

In value terms, Brazil constituted the largest supplier of iron oxide pigments to Venezuela, comprising 65% of total imports. The second position in the ranking was occupied by Germany, with an 18% share of total imports. It was followed by Colombia, with a 4% share.

What is the average export price for iron oxides and hydroxides in Venezuela?

In 2014, the average iron oxide pigments export price amounted to $1,026 per ton, increasing by 2.6% against the previous year.

What is the average import price for iron oxides and hydroxides in Venezuela?

In 2020, the average iron oxide pigments import price amounted to $1,262 per ton, increasing by 2.9% against the previous year.

This report provides an in-depth analysis of the iron oxide pigment 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 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3

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