Asia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Asia

The Asian barium or aluminium sulphates market dropped slightly to $X in 2022, falling by -3.8% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Sulphates Of Barium Or Aluminium in Asia

In value terms, barium or aluminium sulphates production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 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 2016 with an increase of 21% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports in Asia

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -6.8% to X tons, falling for the second year in a row after four years of growth. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs 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 modestly to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +60.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped modestly in the following year.

Exports by Country

In 2022, China (X tons) was the key exporter of sulphates of barium or aluminium, generating 55% of total exports. Turkey (X tons) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (7.2%). The following exporters - India (X tons) and Malaysia (X tons) - each amounted to an 8.3% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of sulphates of barium or aluminium. At the same time, Turkey (+28.5%), Malaysia (+7.9%) and India (+4.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.5% from 2012-2022. By contrast, Indonesia (-4.3%) illustrated a downward trend over the same period. While the share of Turkey (+23 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-6.7 p.p.) and China (-17.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barium or aluminium sulphates supplier in Asia, comprising 67% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by Indonesia, with a 4.2% 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: Turkey (+30.7% per year) and Indonesia (+0.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2021 an increase of 25%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($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 more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports in Asia

In 2022, the amount of sulphates of barium or aluminium imported in Asia fell to X tons, which is down by -9.4% against 2021. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, India (X tons), Singapore (X tons), Hong Kong SAR (X tons), Japan (X tons), Vietnam (X tons), Malaysia (X tons), Sri Lanka (X tons), the Philippines (X tons), Turkey (X tons), China (X tons), Thailand (X tons) and South Korea (X tons) represented the main importer of sulphates of barium or aluminium in Asia, mixing up 75% of total import. The United Arab Emirates (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest barium or aluminium sulphates importing markets in Asia were India ($X), Japan ($X) and Vietnam ($X), with a combined 38% share of total imports.

Vietnam, with a CAGR of +13.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 amounted to $X per ton, increasing by 5.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 19% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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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