Venezuela: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Venezuela

The Venezuelan barium or aluminium sulphates market fell to $X in 2022, declining by -2.1% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Venezuela

In value terms, barium or aluminium sulphates production declined to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Venezuela

In 2022, approx. X tons of sulphates of barium or aluminium were exported from Venezuela; jumping by 43% against the previous year's figure. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 131% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. Overall, exports showed a temperate increase. The growth pace was the most rapid in 2017 with an increase of 71%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica (X tons), the Dominican Republic (X tons) and Ecuador (X tons) were the main destinations of barium or aluminium sulphates exports from Venezuela, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +18.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for barium or aluminium sulphates exported from Venezuela were the Dominican Republic ($X), Costa Rica ($X) and Ecuador ($X), with a combined 96% share of total exports.

The Dominican Republic, with a CAGR of +28.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, rising by 1.8% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Costa Rica ($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 Guatemala (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Venezuela

In 2022, overseas purchases of sulphates of barium or aluminium decreased by -33% to X tons, falling for the third consecutive year after three years of growth. In general, imports showed a deep slump. The growth pace was the most rapid in 2019 when imports increased by 492%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports reduced rapidly to $X in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 906%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Trinidad and Tobago (X tons) constituted the largest supplier of barium or aluminium sulphates to Venezuela, accounting for a 74% share of total imports. Moreover, barium or aluminium sulphates imports from Trinidad and Tobago exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Trinidad and Tobago totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.6% per year) and Germany (-20.9% per year).

In value terms, Trinidad and Tobago ($X) constituted the largest supplier of sulphates of barium or aluminium to Venezuela, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Trinidad and Tobago amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.7% per year) and Germany (-22.9% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, surging by 22% against the previous year. Overall, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 70%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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