Price for Barium Sulphate (Barytes); Natural in Angola - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in Angola (CIF) - 2022
- Price for Barium Sulphate (Barytes); Natural in Angola (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Angola
- Exports of Barium Sulphate (Barytes); Natural in Angola
Price for Barium Sulphate (Barytes); Natural in Angola (CIF) - 2022
In 2022, the average barium sulphate (barytes); natural import price amounted to $191 per ton, picking up by 5.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 47%. As a result, import price reached the peak level of $235 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 Australia ($600 per ton), while the price for Morocco ($87 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Barium Sulphate (Barytes); Natural in Angola (FOB) - 2022
The average barium sulphate (barytes); natural export price stood at $498 per ton in 2022, falling by -5.8% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,247 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Congo amounted to +1.9% per year.
Imports of Barium Sulphate (Barytes); Natural in Angola
Barium sulphate (barytes); natural imports into Angola surged to 7K tons in 2022, with an increase of 20% against 2021. The total import volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, barium sulphate (barytes); natural imports soared to $1.3M in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 105% against the previous year. As a result, imports attained the peak of $1.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Barium Sulphate (Barytes); Natural in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 271 | 593 | 514 | 607 | 30.8% |
Morocco | 235 | 297 | 241 | 384 | 17.8% |
Turkey | 42.5 | 94.2 | 82.6 | 116 | 39.8% |
United States | 104 | 154 | 101 | 89.0 | -5.1% |
Netherlands | 53.3 | 89.1 | 58.9 | 53.1 | -0.1% |
United Kingdom | 52.3 | 60.4 | 18.2 | 46.5 | -3.8% |
Namibia | 19.0 | 30.6 | 19.5 | 16.9 | -3.8% |
Mauritania | N/A | 250 | N/A | N/A | 0% |
Others | 15.3 | 51.9 | 31.1 | 31.7 | 27.5% |
Total | 792 | 1,620 | 1,067 | 1,344 | 19.3% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Angola in 2022:
- Morocco (4427.3 tons)
- Australia (1011.5 tons)
- Turkey (667.9 tons)
- United States (427.1 tons)
- Netherlands (196.7 tons)
- Namibia (116.0 tons)
- United Kingdom (108.5 tons)
Exports of Barium Sulphate (Barytes); Natural in Angola
In 2022, shipments abroad of barium sulphate (barytes); naturals decreased by -19.7% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. As a result, the exports attained the peak of 1.6K tons, and then reduced remarkably in the following year.
In value terms, barium sulphate (barytes); natural exports fell significantly to $650K in 2022. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2021 when exports increased by 95% against the previous year. As a result, the exports reached the peak of $860K, and then fell significantly in the following year.
Export of Barium Sulphate (Barytes); Natural in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 115 | 141 | 372 | 650 | 78.1% |
Namibia | N/A | N/A | 109 | N/A | 0% |
Congo | N/A | 300 | N/A | N/A | 0% |
Ghana | 337 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | 378 | N/A | 0% |
Total | 451 | 441 | 860 | 650 | 13.0% |
Top Export Markets for Barium Sulphate (Barytes); Natural from Angola in 2022:
- Netherlands (1.3K tons)
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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.
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