Venezuela: Market for Derivatives Of Hydrocarbons Containing Only Sulpho Groups; Their Salts And Ethyl Esters 2024

Market Size for Derivatives Of Hydrocarbons Containing Only Sulpho Groups; Their Salts And Ethyl Esters in Venezuela

The Venezuelan market for derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters reached $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Derivatives Of Hydrocarbons Containing Only Sulpho Groups; Their Salts And Ethyl Esters in Venezuela

In value terms, production of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Derivatives Of Hydrocarbons Containing Only Sulpho Groups; Their Salts And Ethyl Esters

Exports from Venezuela

In 2022, the amount of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters exported from Venezuela reduced dramatically to X tons, with a decrease of X% against the year before. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters shrank rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) and Costa Rica (X tons) were the main destinations of exports of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters from Venezuela.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%).

In value terms, Colombia ($X) remains the key foreign market for derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at X%.

Export Prices by Country

In 2022, the average export price for derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters amounted to $X per ton, almost unchanged from the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price 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, export price for derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Costa Rica amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Derivatives Of Hydrocarbons Containing Only Sulpho Groups; Their Salts And Ethyl Esters

Imports into Venezuela

In 2022, overseas purchases of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters amounted to $X in 2022. Overall, imports, however, saw a dramatic decrease. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters to Venezuela, with a X% share of total imports. Moreover, imports of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Colombia (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters to Venezuela, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

Import Prices by Country

The average import price for derivatives of hydrocarbons containing only sulpho groups; their salts and ethyl esters stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform