Latin America and the Caribbean: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Latin America and the Caribbean

After two years of growth, the Latin American barium or aluminium sulphates market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Latin America and the Caribbean

In value terms, barium or aluminium sulphates production contracted to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports in Latin America and the Caribbean

Barium or aluminium sulphates exports contracted slightly to X tons in 2023, with a decrease of X% on the previous year. In general, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports fell dramatically to $X in 2023. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Uruguay (X tons) represented the largest exporter of sulphates of barium or aluminium, creating X% of total exports. It was distantly followed by Colombia (X tons), Mexico (X tons), Peru (X tons), Venezuela (X tons), Ecuador (X tons) and Jamaica (X tons), together making up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Uruguay ($X), Mexico ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Peru, Jamaica, Ecuador and Venezuela lagged somewhat behind, together accounting for a further X%.

Venezuela, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, with a decrease of X% against the previous year. Export price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, barium or aluminium sulphates export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports in Latin America and the Caribbean

In 2023, purchases abroad of sulphates of barium or aluminium increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports surged to $X in 2023. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Mexico (X tons), the Dominican Republic (X tons) and Brazil (X tons) was the largest importer of sulphates of barium or aluminium in Latin America and the Caribbean, mixing up X% of total import. It was distantly followed by Guatemala (X tons), Bolivia (X tons), Peru (X tons), El Salvador (X tons), Costa Rica (X tons) and Honduras (X tons), together committing a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported sulphates of barium or aluminium in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: the Dominican Republic (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, barium or aluminium sulphates import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform