Price for Barium Sulphate (Barytes); Natural in Nigeria - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in Nigeria (CIF) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Nigeria
Price for Barium Sulphate (Barytes); Natural in Nigeria (CIF) - 2022
The average barium sulphate (barytes); natural import price stood at $434 per ton in 2022, falling by -7.8% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 91%. Over the period under review, average import prices hit record highs at $1,198 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,223 per ton), while the price for India ($300 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+0.8%), while the prices for the other major suppliers experienced a decline.
Imports of Barium Sulphate (Barytes); Natural in Nigeria
In 2022, supplies from abroad of barium sulphate (barytes); naturals was finally on the rise to reach 3.1K tons after two years of decline. Over the period under review, imports, however, showed a abrupt contraction.
In value terms, barium sulphate (barytes); natural imports soared to $1.4M in 2022. In general, imports, however, continue to indicate a abrupt downturn.
Import of Barium Sulphate (Barytes); Natural in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Morocco | 484 | 1,071 | 188 | 685 | 12.3% |
India | 97.9 | 248 | 50.3 | 248 | 36.3% |
China | 103 | 593 | 168 | 158 | 15.3% |
Netherlands | 12.7 | 31.3 | 6.0 | 85.5 | 88.8% |
United Kingdom | 35.5 | 71.9 | 11.7 | 39.5 | 3.6% |
Turkey | 39.7 | 55.3 | 6.2 | 9.2 | -38.6% |
Egypt | 1,010 | N/A | N/A | N/A | 0% |
Others | 461 | 12.3 | 128 | 128 | -34.8% |
Total | 2,243 | 2,083 | 557 | 1,352 | -15.5% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Nigeria in 2022:
- Morocco (1537.6 tons)
- India (825.5 tons)
- China (480.5 tons)
- United Kingdom (89.2 tons)
- Netherlands (69.9 tons)
- Turkey (17.3 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.
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...
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...