Price for Barium Sulphate (Barytes); Natural in Sri Lanka - 2021
Contents:
- Price for Barium Sulphate (Barytes); Natural in Sri Lanka (CIF) - 2022
- Price for Barium Sulphate (Barytes); Natural in Sri Lanka (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Sri Lanka
- Exports of Barium Sulphate (Barytes); Natural in Sri Lanka
Price for Barium Sulphate (Barytes); Natural in Sri Lanka (CIF) - 2022
In 2022, the average barium sulphate (barytes); natural import price amounted to $545 per ton, picking up by 32% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The import price peaked at $629 per ton in 2014; however, from 2015 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 India ($861 per ton), while the price for China stood at $214 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%).
Price for Barium Sulphate (Barytes); Natural in Sri Lanka (FOB) - 2022
In 2020, the average barium sulphate (barytes); natural export price amounted to $199 per ton, rising by 19% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of 39%. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2020, the rate of growth in terms of prices for India amounted to +3.7% per year.
Imports of Barium Sulphate (Barytes); Natural in Sri Lanka
In 2022, imports of barium sulphate (barytes); naturals into Sri Lanka plummeted to 29 tons, declining by -46.5% on the previous year. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 266%. As a result, imports attained the peak of 55 tons, and then shrank dramatically in the following year.
In value terms, barium sulphate (barytes); natural imports shrank notably to $16K in 2022. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 222%. As a result, imports reached the peak of $23K, and then contracted remarkably in the following year.
Import of Barium Sulphate (Barytes); Natural in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 10.1 | 5.4 | 17.6 | 12.9 | 8.5% |
China | 1.0 | 1.7 | 5.0 | 3.0 | 44.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 11.1 | 7.0 | 22.6 | 16.0 | 13.0% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Sri Lanka in 2022:
- India (15.0 tons)
- China (14.3 tons)
Exports of Barium Sulphate (Barytes); Natural in Sri Lanka
In 2020, the amount of barium sulphate (barytes); naturals exported from Sri Lanka fell rapidly to 22 tons, declining by -20% compared with 2019. In general, exports saw a precipitous decline.
In value terms, barium sulphate (barytes); natural exports shrank slightly to $4.3K in 2020. Overall, exports continue to indicate a abrupt setback.
Export of Barium Sulphate (Barytes); Natural in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
Oman | N/A | 4.3 | 0% | ||
India | 4.5 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 4.5 | 4.3 | -4.4% |
Top Export Markets for Barium Sulphate (Barytes); Natural from Sri Lanka in 2022:
- Oman (21.6 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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