Carbonates; Potassium Carbonate Price in Venezuela - 2022
Contents:
- Carbonates; Potassium Carbonate Price in Venezuela (CIF) - 2022
- Carbonates; Potassium Carbonate Imports in Venezuela
Carbonates; Potassium Carbonate Price in Venezuela (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $1,621 per ton in 2022, growing by 58% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +88.4% against 2020 indices. Over the period under review, average import prices attained the peak figure at $1,678 per ton in 2015; however, from 2016 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 ($2,298 per ton), while the price for South Korea ($581 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Carbonates; Potassium Carbonate Imports in Venezuela
For the fourth year in a row, Venezuela recorded growth in purchases abroad of carbonates; potassium carbonates, which increased by 15% to 225 tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, carbonates; potassium carbonate imports skyrocketed to $365K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Carbonates; Potassium Carbonate in Venezuela (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | N/A | N/A | 123 | 0% |
Germany | 32.9 | 14.6 | 78.2 | 103 | 46.3% |
South Korea | N/A | 87.4 | 43.6 | 34.8 | -36.9% |
Spain | 21.3 | 7.4 | N/A | N/A | -65.3% |
Brazil | 28.0 | N/A | N/A | N/A | 0% |
Others | 62.8 | 22.0 | 78.3 | 104 | 18.3% |
Total | 145 | 131 | 200 | 365 | 36.0% |
Top Suppliers of Carbonates; Potassium Carbonate to Venezuela in 2022:
- China (75.0 tons)
- South Korea (59.9 tons)
- Germany (45.0 tons)
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