Sulphates; of Barium Price in Morocco - 2022

Sulphates; of Barium Price in Morocco (CIF) - 2022

The average sulphates; of barium import price stood at $1,269 per ton in 2022, growing by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 the UK ($2,008 per ton), while the price for China ($1,025 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Barium Price in Morocco (FOB) - 2022

The average sulphates; of barium export price stood at $1,477 per ton in 2022, waning by -5.1% against the previous year. Overall, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2017 an increase of 11%. Over the period under review, the average export prices hit record highs at $1,556 per ton in 2021, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for Congo.

From 2012 to 2022, the rate of growth in terms of prices for Congo amounted to +6.7% per year.

Sulphates; of Barium Imports in Morocco

In 2022, after three years of growth, there was decline in purchases abroad of sulphates; of baria, when their volume decreased by -4.8% to 428 tons. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25%.

In value terms, sulphates; of barium imports reduced modestly to $543K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 32%.

Import of Sulphates; of Barium in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	227	317	387	370	17.7%
China	83.5	94.4	114	154	22.6%
United Kingdom	2.3	7.3	12.5	19.3	103.2%
Spain	4.3	3.5	2.7	N/A	-20.8%
Others	3.0	1.8	29.9	0.7	-38.4%
Total	321	424	546	543	19.2%

Top Suppliers of Sulphates; of Barium to Morocco in 2022:

Italy (268.0 tons)
China (150.0 tons)
United Kingdom (9.6 tons)

Sulphates; of Barium Exports in Morocco

After two years of decline, shipments abroad of sulphates; of baria increased by 4.3% to 178 tons in 2022. Overall, exports, however, showed a noticeable reduction.

In value terms, sulphates; of barium exports reduced to $263K in 2022. The total export value increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 2.1% against the previous year.