Price for Barium Sulphate (Barytes); Natural in Ethiopia - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in Ethiopia (CIF) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Ethiopia
Price for Barium Sulphate (Barytes); Natural in Ethiopia (CIF) - 2022
The average barium sulphate (barytes); natural import price stood at $627 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a moderate expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 128% against the previous year. The import price peaked at $1,251 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($11,500 per ton), while the price for India stood at $624 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Barium Sulphate (Barytes); Natural in Ethiopia
For the third year in a row, Ethiopia recorded decline in overseas purchases of barium sulphate (barytes); naturals, which decreased by 0% to 82 tons in 2022. Overall, imports recorded buoyant growth. The smallest decline of -59.3% was in 2020. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, barium sulphate (barytes); natural imports stood at $51K in 2022. Over the period under review, imports enjoyed a modest increase. The smallest decline of -74.4% was in 2020. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
Import of Barium Sulphate (Barytes); Natural in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 24.6 | 4.1 | N/A | 51.2 | 27.7% |
China | 17.2 | 2.9 | N/A | 0.1 | -82.0% |
United Arab Emirates | 1.4 | 1.1 | N/A | N/A | -21.4% |
Tunisia | 6.2 | 4.4 | N/A | N/A | -29.0% |
Others | N/A | N/A | N/A | 0.2 | 0% |
Total | 49.4 | 12.6 | N/A | 51.5 | 1.4% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Ethiopia in 2022:
- India (82.1 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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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...
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