Venezuela: Phosphoric Acid Market 2022

Phosphoric Acid Market Size in Venezuela

In 2021, the Venezuelan phosphoric acid market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption faced a abrupt setback. Phosphoric acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Phosphoric Acid Exports

Exports from Venezuela

In 2021, shipments abroad of phosphoric acid and polyphosphoric acids was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Overall, exports, however, saw a dramatic contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, phosphoric acid exports rose notably to $X in 2021. Over the period under review, exports, however, recorded a precipitous shrinkage. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2015, the average annual rate of growth in terms of volume to Brazil was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Brazil was relatively modest.

Export Prices by Country

In 2015, the average phosphoric acid export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, showed a abrupt slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2015, the rate of growth in terms of prices for Brazil amounted to X% per year.

Phosphoric Acid Imports

Imports into Venezuela

In 2021, supplies from abroad of phosphoric acid and polyphosphoric acids decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, phosphoric acid imports dropped to $X in 2021. In general, imports recorded a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of phosphoric acid to Venezuela, with a X% share of total imports. Moreover, phosphoric acid imports from Mexico exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. China (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Mexico ($X) constituted the largest supplier of phosphoric acid to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Panama ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Panama ($X per ton), while the price for China ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform