Report Update Nov 1, 2024

Venezuela - Sulphonamides - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Sulphonamides Market 2024

Sulphonamides Market Size in Venezuela

In 2021, the Venezuelan sulphonamides market decreased by -1.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Sulphonamides Production in Venezuela

In value terms, sulphonamides production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 with an increase of 32%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Sulphonamides Exports

Exports from Venezuela

In 2021, sulphonamides exports from Venezuela dropped slightly to X tons, waning by -2.7% on 2020 figures. Overall, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 106%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, sulphonamides exports stood at $X in 2021. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 103% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Brazil amounted to +5.5%.

In value terms, Brazil ($X) also remains the key foreign market for sulphonamides exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to +6.0%.

Export Prices by Country

The average sulphonamides export price stood at $X per ton in 2021, rising by 8.7% against the previous year. In general, the export price showed a relatively flat trend pattern. 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 Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +0.5% per year.

Sulphonamides Imports

Imports into Venezuela

In 2021, the amount of sulphonamides imported into Venezuela skyrocketed to X tons, jumping by 59% against 2020 figures. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 117% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sulphonamides imports soared to $X in 2021. Over the period under review, imports, however, saw a dramatic contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest sulphonamides supplier to Venezuela, accounting for a 51% share of total imports. Moreover, sulphonamides imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. The third position in this ranking was held by India (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-3.7% per year) and India (+26.6% per year).

In value terms, the largest sulphonamides suppliers to Venezuela were China ($X), Switzerland ($X) and India ($X), together accounting for 91% of total imports. The Netherlands and Germany lagged somewhat behind, together comprising a further 3.2%.

The Netherlands, with a CAGR of +37.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sulphonamides import price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for the Netherlands ($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 Netherlands (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphonamides in the world?

Panama remains the largest sulphonamides consuming country worldwide, accounting for 71% of total volume. Moreover, sulphonamides consumption in Panama exceeded the figures recorded by the second-largest consumer, China, more than tenfold. India ranked third in terms of total consumption with a 2.8% share.

What are the largest producers of sulphonamides in the world?

China constituted the country with the largest volume of sulphonamides production, comprising approx. 39% of total volume. Moreover, sulphonamides production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of sulphonamides to Venezuela?

In value terms, China, India and the United Arab Emirates constituted the largest sulphonamides suppliers to Venezuela, together accounting for 85% of total imports.

What are the leading importers of sulphonamides from Venezuela?

In value terms, Brazil remains the key foreign market for sulphonamides exports from Venezuela.

What is the average export price for sulphonamides in Venezuela?

In 2020, the average sulphonamides export price amounted to $191,468 per ton, picking up by 8.3% against the previous year.

What is the average import price for sulphonamides in Venezuela?

In 2020, the average sulphonamides import price amounted to $25,837 per ton, dropping by -37.5% against the previous year.

This report provides an in-depth analysis of the sulphonamides 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 21103200 - Sulphonamides

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