Venezuela: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Venezuela

The Venezuelan silicon dioxide market rose to $X in 2022, growing by X% against the previous year. Overall, consumption recorded prominent growth. Silicon dioxide consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Silicon Dioxide Production in Venezuela

In value terms, silicon dioxide production expanded modestly to $X in 2022 estimated in export price. In general, production saw a strong increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Silicon Dioxide Exports

Exports from Venezuela

For the fifth consecutive year, Venezuela recorded growth in shipments abroad of silicon dioxide, which increased by X% to X tons in 2022. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for silicon dioxide exports from Venezuela, with a X% share of total exports. Moreover, silicon dioxide exports to Colombia exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Peru (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Peru (X% per year).

In value terms, Colombia ($X) remains the key foreign market for silicon dioxide exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the United States (X% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

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

Silicon Dioxide Imports

Imports into Venezuela

In 2022, supplies from abroad of silicon dioxide increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, saw a abrupt decrease. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, silicon dioxide imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of silicon dioxide to Venezuela, with a X% share of total imports. Moreover, silicon dioxide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of silicon dioxide to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average silicon dioxide import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a pronounced 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, silicon dioxide import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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