Chile: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Chile

The Chilean iron oxide pigment market contracted modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Iron Oxide Pigment Production in Chile

In value terms, iron oxide pigment production declined to $X in 2022 estimated in export price. In general, production, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Iron Oxide Pigment Exports

Exports from Chile

In 2022, shipments abroad of iron oxide pigments was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, iron oxide pigment exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for iron oxide pigment exports from Chile, with a X% share of total exports. Moreover, iron oxide pigment exports to Mexico exceeded the volume sent to the second major destination, Peru (X tons), sevenfold.

From 2013 to 2022, the average annual growth rate of volume to Mexico stood at X%.

In value terms, Mexico ($X) remains the key foreign market for iron oxide pigments exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Mexico totaled X%.

Export Prices by Country

In 2022, the average iron oxide pigment export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw a notable expansion. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Peru amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Iron Oxide Pigment Imports

Imports into Chile

In 2022, purchases abroad of iron oxide pigments decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, iron oxide pigment imports declined slightly to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of iron oxide pigment imports to Chile, with a combined X% share of total imports. Colombia, Brazil, Spain and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest iron oxide pigment suppliers to Chile, together accounting for X% of total imports. Colombia, Brazil, France and Spain lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average iron oxide pigment import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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