Price for Barium Sulphate (Barytes); Natural in the Dominican Republic - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in the Dominican Republic (CIF) - 2022
- Imports of Barium Sulphate (Barytes); Natural in the Dominican Republic
Price for Barium Sulphate (Barytes); Natural in the Dominican Republic (CIF) - 2022
In 2022, the average barium sulphate (barytes); natural import price amounted to $1,008 per ton, therefore, remained relatively stable against the previous year. Overall, the import price posted a strong increase. The growth pace was the most rapid in 2014 an increase of 164%. As a result, import price attained the peak level of $1,385 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +13.0% per year.
Imports of Barium Sulphate (Barytes); Natural in the Dominican Republic
In 2022, overseas purchases of barium sulphate (barytes); naturals decreased by 0% to 28 tons, falling for the second year in a row after two years of growth. Overall, imports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 83%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, barium sulphate (barytes); natural imports stood at $28K in 2022. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Barium Sulphate (Barytes); Natural in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 3.6 | 5.6 | N/A | 28.0 | 98.1% |
Spain | N/A | 0.4 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.6 | 6.1 | N/A | 28.0 | 98.1% |
Top Suppliers of Barium Sulphate (Barytes); Natural to the Dominican Republic in 2022:
- United States (27.8 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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