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World - Barytes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Barytes - Market Analysis, Forecast, Size, Trends And Insights

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Jun 3, 2021

Drilling Rig Curbs Squeeze the Global Baryte Market

IndexBox has just published a new report: 'World - Barytes - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

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.

Key Trends and Insights

In 2020, global baryte production fell by near 20% y-o-y to 7.8М tons (IndexBox estimates). Many baryte mining and processing companies ceased to operate following the sharp slump in demand from the oil and gas sector, which consumes 80% of global baryte output. In accordance with Baker Hughes data, the number of drilling rigs declined from 2,177 in 2019 to 1,352 in 2020, and only 1,228 rigs remained in operation in early 2021.

In most countries, baryte exports in 2020 experienced a twofold decrease. India remained the exception, compensating for the drop in exports to the U.S. by increasing export supplies to the Middle East. Despite the decrease of 2020, India and China remain the largest baryte producers in the world and continue to dominate the global exports with a combined share of 55%.

Following the slump seen in 2020, the forecast indicates that the global baryte market may reach 8M tons by 2030, achieving an average annual growth rate of 1.0% CAGR over the period from 2020-2030. Maintaining oil and gas drilling even at the minimum level will buoy baryte consumption. Further expansion of the market is more likely to come from the increased demand for barytes as a filler for resin, paper, linoleum, primers for vehicle coatings, and high-density concretes.

Global Baryte Consumption

The countries with the highest volumes of baryte consumption in 2020 were China (2M tons), the U.S. (1M tons) and Saudi Arabia (688K tons), together accounting for 51% of global consumption. These countries were followed by India, Kazakhstan, Morocco, Russia, Kuwait and Iran, which accounted for a further 29%.

From 2007 to 2020, the most notable growth rate in terms of baryte consumption, amongst the key consuming countries, was attained by Kazakhstan, while baryte consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($272M) led the market, alone. The second position in the ranking was occupied by the U.S. ($133M). It was followed by Kazakhstan.

Global Baryte Imports

The U.S. (855K tons) and Saudi Arabia (688K tons) represented roughly 51% of total imports of barytes in 2020. Kuwait (218K tons) held the next position in the ranking, followed by the Netherlands (195K tons). All these countries together took near 14% share of total imports. The United Arab Emirates (106K tons), Russia (82K tons), Spain (75K tons), Oman (65K tons), Norway (61K tons), Azerbaijan (59K tons), Argentina (53K tons) and Indonesia (53K tons) held a relatively small share of total imports.

In value terms, the U.S. ($122M) constitutes the largest market for imported barytes worldwide, comprising 29% of global imports. The second position in the ranking was occupied by Saudi Arabia ($59M), with a 14% share of global imports. It was followed by the Netherlands, with a 6.3% share.

In the U.S., baryte imports expanded at an average annual rate of +1.9% over 2007-2020. In the other countries, the average annual rates were as follows: Saudi Arabia (+12.0% per year) and the Netherlands (+1.9% per year).

In 2020, the average baryte import price amounted to $138 per ton, picking up by 9.1% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Azerbaijan ($206 per ton), while Kuwait ($74 per ton) was amongst the lowest.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global baryte market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • UNCode 16190-2 - Barytes, whether or not calcined

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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