Price for Barium Sulphate (Barytes); Natural in Nepal - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in Nepal (CIF) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Nepal
Price for Barium Sulphate (Barytes); Natural in Nepal (CIF) - 2022
In 2022, the average barium sulphate (barytes); natural import price amounted to $525 per ton, increasing by 15% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 62%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +15.9% per year.
Imports of Barium Sulphate (Barytes); Natural in Nepal
Barium sulphate (barytes); natural imports into Nepal declined sharply to 69 tons in 2022, dropping by -21.6% on 2021 figures. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.9% against the previous year.
In value terms, barium sulphate (barytes); natural imports declined to $36K in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 34%. As a result, imports attained the peak of $43K. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Barium Sulphate (Barytes); Natural in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 31.8 | 42.7 | 40.5 | 36.4 | 4.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 31.8 | 42.7 | 40.5 | 36.4 | 4.6% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Nepal in 2022:
- India (69.3 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.
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