Price for Barium Sulphate (Barytes); Natural in Indonesia - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in Indonesia (CIF) - 2022
- Price for Barium Sulphate (Barytes); Natural in Indonesia (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Indonesia
- Exports of Barium Sulphate (Barytes); Natural in Indonesia
Price for Barium Sulphate (Barytes); Natural in Indonesia (CIF) - 2022
In 2022, the average barium sulphate (barytes); natural import price amounted to $135 per ton, with a decrease of -13.6% against the previous year. In general, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20%. The import price peaked at $198 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($153 per ton), while the price for Vietnam ($127 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Barium Sulphate (Barytes); Natural in Indonesia (FOB) - 2022
In 2022, the average barium sulphate (barytes); natural export price amounted to $232 per ton, approximately mirroring the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices attained the maximum at $301 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($4,042 per ton), while the average price for exports to Singapore ($109 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 Thailand (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Barium Sulphate (Barytes); Natural in Indonesia
Barium sulphate (barytes); natural imports into Indonesia skyrocketed to 118K tons in 2022, rising by 17% against the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, barium sulphate (barytes); natural imports reached $16M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Barium Sulphate (Barytes); Natural in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.4 | 6.9 | 10.9 | 11.3 | 6.3% |
Vietnam | 1.8 | 1.7 | 1.4 | 2.4 | 10.1% |
Thailand | 1.3 | 0.5 | 1.5 | 2.0 | 15.4% |
Others | 1.7 | 0.8 | 2.0 | 0.2 | -51.0% |
Total | 14.2 | 9.9 | 15.8 | 16.0 | 4.1% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Indonesia in 2022:
- China (85.7K tons)
- Vietnam (19.0K tons)
- Thailand (13.0K tons)
Exports of Barium Sulphate (Barytes); Natural in Indonesia
In 2022, approx. 352 tons of barium sulphate (barytes); naturals were exported from Indonesia; jumping by 112% against the year before. Overall, exports enjoyed prominent growth.
In value terms, barium sulphate (barytes); natural exports soared to $82K in 2022. Over the period under review, exports saw resilient growth.
Export of Barium Sulphate (Barytes); Natural in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 55.8 | 111 | 30.8 | 62.8 | 4.0% |
Malaysia | 1.2 | 4.6 | 4.6 | 10.0 | 102.7% |
Singapore | 3.9 | 8.1 | 2.3 | 5.0 | 8.6% |
Others | 0.9 | 1.8 | 0.7 | 4.0 | 64.4% |
Total | 61.8 | 125 | 38.5 | 81.7 | 9.8% |
Top Export Markets for Barium Sulphate (Barytes); Natural from Indonesia in 2022:
- Australia (296.0 tons)
- Singapore (45.5 tons)
- Malaysia (8.5 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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