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Republic of Korea - Barytes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaryte Price in South Korea - 2022
Contents:
- Baryte Price in South Korea (CIF) - 2022
- Baryte Price in South Korea (FOB) - 2022
- Baryte Imports in South Korea
- Baryte Exports in South Korea
Baryte Price in South Korea (CIF) - 2022
In 2022, the average baryte import price amounted to $205 per ton, increasing by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18%. The import price peaked at $221 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($201 per ton), while the price for India amounted to $165 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.3%).
Baryte Price in South Korea (FOB) - 2022
In 2022, the average baryte export price amounted to $538 per ton, increasing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $548 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,757 per ton), while the average price for exports to the United Arab Emirates ($300 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 Indonesia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Baryte Imports in South Korea
In 2022, purchases abroad of barytes decreased by -9.4% to 40K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 23%. As a result, imports reached the peak of 44K tons, and then shrank in the following year.
In value terms, baryte imports reduced to $8.2M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of $8.7M, and then fell in the following year.
Import of Baryte in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.4 | 7.3 | 8.0 | 7.5 | 0.4% |
India | N/A | N/A | 0.3 | 0.3 | 0.0% |
Others | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
Total | 7.8 | 7.6 | 8.7 | 8.2 | 1.7% |
Top Suppliers of Baryte to South Korea in 2022:
- China (37.3K tons)
- India (1.8K tons)
Baryte Exports in South Korea
In 2022, exports of barytes from South Korea reduced markedly to 615 tons, with a decrease of -16.8% against 2021. In general, exports saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by 9.3% against the previous year. As a result, the exports reached the peak of 739 tons, and then fell remarkably in the following year.
In value terms, baryte exports expanded slightly to $331K in 2022. The total export value increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 5.4% against the previous year. As a result, the exports attained the peak of $338K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Baryte in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | N/A | N/A | 79.1 | 0% |
Vietnam | 116 | 105 | 73.1 | 72.6 | -14.5% |
Japan | 66.2 | 54.5 | 52.4 | 54.9 | -6.0% |
United Arab Emirates | 39.7 | 53.8 | 42.8 | 41.3 | 1.3% |
China | 29.2 | 65.9 | 33.2 | 39.6 | 10.7% |
Saudi Arabia | 25.3 | 25.5 | 14.3 | 15.9 | -14.3% |
Turkey | 22.5 | 11.6 | 4.0 | 9.3 | -25.5% |
Indonesia | 7.8 | 9.3 | 2.2 | 4.5 | -16.8% |
Others | 14.0 | 12.1 | 102 | 13.6 | -1.0% |
Total | 321 | 338 | 324 | 331 | 1.0% |
Top Export Markets for Baryte from South Korea in 2022:
- Vietnam (167.9 tons)
- United Arab Emirates (137.8 tons)
- Japan (111.1 tons)
- China (82.1 tons)
- United Kingdom (45.0 tons)
- Saudi Arabia (22.6 tons)
- Turkey (18.9 tons)
- Indonesia (12.8 tons)
This report provides an in-depth analysis of the baryte market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- UNCode 16190-2 - Barytes, whether or not calcined
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2020, the global baryte market fell by 15%, hampered by a severe decline seen in the oil industry, which currently consumes 80% of the total baryte output. India remained the only country to maintain 2019 production figures. While the oil industry is set to operate at minimum production levels in the medium term, alternative chemical, coating, and construction baryte applications may emerge as market drivers.
In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...
In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...
China dominates in the global baryte trade. In 2014, China exported X thousand tons of barytes totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total baryte exports in va
Explore the world's leading import markets for silicon-electrical steel flat-rolled products. Discover key statistics and market insights on IndexBox platform.
Global silicon-electrical steel flat-rolled product imports stood at X tons in 2016, picking up by X% against the previous year figure. Overall, silicon-electrical steel flat-rolled product import...
Global silicon-electrical steel flat-rolled product imports stood at X tons in 2016, picking up by X% against the previous year figure. Overall, silicon-electrical steel flat-rolled product import...
In 2020, the global baryte market fell by 15%, hampered by a severe decline seen in the oil industry, which currently consumes 80% of the total baryte output. India remained the only country to maintain 2019 production figures. While the oil industry is set to operate at minimum production levels in the medium term, alternative chemical, coating, and construction baryte applications may emerge as market drivers.
In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...
In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...