Price for Barium Sulphate (Barytes); Natural in the United Arab Emirates - 2021
Contents:
- Price for Barium Sulphate (Barytes); Natural in the United Arab Emirates (CIF) - 2022
- Price for Barium Sulphate (Barytes); Natural in the United Arab Emirates (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in the United Arab Emirates
- Exports of Barium Sulphate (Barytes); Natural in the United Arab Emirates
Price for Barium Sulphate (Barytes); Natural in the United Arab Emirates (CIF) - 2022
In 2022, the average barium sulphate (barytes); natural import price amounted to $117 per ton, declining by -6.8% against the previous year. In general, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 73% against the previous year. As a result, import price attained the peak level of $227 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 ($333 per ton), while the price for India amounted to $106 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+3.1%), while the prices for the other major suppliers experienced a decline.
Price for Barium Sulphate (Barytes); Natural in the United Arab Emirates (FOB) - 2022
The average barium sulphate (barytes); natural export price stood at $230 per ton in 2022, jumping by 109% against the previous year. In general, the export price, however, continues to indicate a noticeable shrinkage. Over the period under review, the average export prices hit record highs at $371 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +26.9% per year.
Imports of Barium Sulphate (Barytes); Natural in the United Arab Emirates
In 2022, after two years of decline, there was significant growth in purchases abroad of barium sulphate (barytes); naturals, when their volume increased by 23% to 91K tons. Overall, imports, however, faced a deep reduction.
In value terms, barium sulphate (barytes); natural imports expanded rapidly to $11M in 2022. Over the period under review, imports, however, faced a abrupt curtailment.
Import of Barium Sulphate (Barytes); Natural in the United Arab Emirates (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 9.0 | 7.0 | 6.2 | 9.2 | 0.7% |
China | 1.0 | 1.1 | 1.2 | 1.0 | 0.0% |
Morocco | 2.5 | N/A | 0.1 | N/A | -80.0% |
Lao People's Democratic Republic | 1.1 | N/A | N/A | N/A | 0% |
Pakistan | 1.6 | 2.3 | 0.3 | N/A | -56.7% |
Others | 1.8 | 1.6 | 1.5 | 0.4 | -39.4% |
Total | 16.9 | 12.0 | 9.3 | 10.6 | -14.4% |
Top Suppliers of Barium Sulphate (Barytes); Natural to the United Arab Emirates in 2022:
- India (87.3K tons)
- China (2.9K tons)
Exports of Barium Sulphate (Barytes); Natural in the United Arab Emirates
In 2022, overseas shipments of barium sulphate (barytes); naturals decreased by -52.2% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 71%.
In value terms, barium sulphate (barytes); natural exports fell modestly to $3.1M in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 18%.
Export of Barium Sulphate (Barytes); Natural in the United Arab Emirates (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 0.2 | N/A | 0.1 | 3.1 | 149.3% |
Niger | 0.6 | N/A | N/A | N/A | 0% |
Oman | 1.6 | 3.0 | 2.2 | N/A | 17.3% |
Others | 0.2 | N/A | 0.8 | N/A | 100.0% |
Total | 2.6 | 3.1 | 3.1 | 3.1 | 6.0% |
Top Export Markets for Barium Sulphate (Barytes); Natural from the United Arab Emirates in 2022:
- India (13.4K 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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