EU: Baryte Market 2024

Baryte Market Size in the EU

The EU baryte market reached $X in 2022, surging by X% against the previous year. In general, consumption showed a mild decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Baryte Production in the EU

In value terms, baryte production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Baryte Exports

Exports in the EU

After two years of growth, overseas shipments of barytes decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, baryte exports dropped modestly to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

The Netherlands was the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Bulgaria (X tons), Spain (X tons) and Germany (X tons), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to baryte exports from the Netherlands stood at X%. At the same time, Bulgaria (X%), Germany (X%) and Spain (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Bulgaria (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Spain saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest baryte supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In the Netherlands, baryte exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Baryte Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of barytes, which increased by X% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, baryte imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) was the major importer of barytes, achieving X% of total imports. Italy (X tons) held the second position in the ranking, followed by Germany (X tons) and Spain (X tons). All these countries together took approx. X% share of total imports. The following importers - France (X tons) and Poland (X tons) - together made up X% of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Poland (X%), France (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Italy (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest baryte importing markets in the European Union were the Netherlands ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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