Asia-Pacific: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Asia-Pacific

The Asia-Pacific barium or aluminium sulphates market fell to $X in 2022, waning by -3.2% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Asia-Pacific

In value terms, barium or aluminium sulphates production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% 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 2016 when the production volume increased by 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in Asia-Pacific

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -13.7% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 21% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports fell to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 74% of total exports in 2022. Indonesia (X tons) took a 9.7% share (based on physical terms) of total exports, which put it in second place, followed by India (6.1%) and Malaysia (5.1%). Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of sulphates of barium or aluminium. At the same time, Malaysia (+7.9%) and India (+4.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +7.9% from 2012-2022. By contrast, Japan (-2.4%) and Indonesia (-4.3%) illustrated a downward trend over the same period. While the share of Malaysia (+2.9 p.p.) and India (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barium or aluminium sulphates supplier in Asia-Pacific, comprising 77% of total exports. The second position in the ranking was held by Japan ($X), with a 7.9% share of total exports. It was followed by Indonesia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-4.3% per year) and Indonesia (+0.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by 5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 when the export price increased by 21%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sulphates Of Barium Or Aluminium

Imports in Asia-Pacific

In 2022, imports of sulphates of barium or aluminium in Asia-Pacific shrank to X tons, waning by -8.5% against 2021 figures. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 26%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, barium or aluminium sulphates imports declined to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of barium or aluminium sulphates imports in 2022 were India (X tons), Singapore (X tons), Hong Kong SAR (X tons), Japan (X tons), Vietnam (X tons), Australia (X tons), Malaysia (X tons), Sri Lanka (X tons), the Philippines (X tons), China (X tons), Thailand (X tons) and South Korea (X tons), together reaching 85% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 42% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +13.3%, 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by 5.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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