Price for Barium Sulphate (Barytes); Natural in Myanmar - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in Myanmar (CIF) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Myanmar
Price for Barium Sulphate (Barytes); Natural in Myanmar (CIF) - 2022
The average barium sulphate (barytes); natural import price stood at $912 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 218% against the previous year. As a result, import price reached the peak level of $1,185 per ton. From 2016 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 China ($992 per ton), while the price for Thailand totaled $351 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+63.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Barium Sulphate (Barytes); Natural in Myanmar
For the third year in a row, Myanmar recorded decline in overseas purchases of barium sulphate (barytes); naturals, which decreased by -39% to 8.1 tons in 2022. Over the period under review, imports faced a precipitous slump.
In value terms, barium sulphate (barytes); natural imports fell significantly to $7.3K in 2022. In general, imports saw a dramatic downturn.
Import of Barium Sulphate (Barytes); Natural in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 103 | N/A | 12.1 | 7.0 | -59.2% |
Thailand | 1,919 | 289 | N/A | 0.4 | -94.1% |
India | 3.6 | 503 | N/A | N/A | 13872.2% |
Others | 18.8 | 5.5 | N/A | N/A | -70.7% |
Total | 2,044 | 797 | 12.1 | 7.3 | -84.7% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Myanmar in 2022:
- China (7.0 tons)
- Thailand (1.0 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.
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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