Australia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Australia

In 2022, the Australian barium or aluminium sulphates market increased by 8.8% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate resilient growth. Barium or aluminium sulphates consumption peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Sulphates Of Barium Or Aluminium

Exports from Australia

Barium or aluminium sulphates exports from Australia soared to X tons in 2022, picking up by 390% on the year before. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 538%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 514%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Fiji (X tons) was the main destination for barium or aluminium sulphates exports from Australia, accounting for a 76% share of total exports. Moreover, barium or aluminium sulphates exports to Fiji exceeded the volume sent to the second major destination, New Zealand (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Fiji stood at +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+8.1% per year) and New Caledonia (+52.2% per year).

In value terms, Fiji ($X), New Zealand ($X) and New Caledonia ($X) appeared to be the largest markets for barium or aluminium sulphates exported from Australia worldwide, together accounting for 96% of total exports.

Fiji, with a CAGR of +35.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, reducing by -31% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 167%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphates Of Barium Or Aluminium

Imports into Australia

Barium or aluminium sulphates imports into Australia declined to X tons in 2022, dropping by -12.7% compared with the year before. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2013 with an increase of 70%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 50% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of barium or aluminium sulphates to Australia, accounting for a 74% share of total imports. Moreover, barium or aluminium sulphates imports from Indonesia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+103.8% per year) and China (+5.4% per year).

In value terms, Indonesia ($X) constituted the largest supplier of sulphates of barium or aluminium to Australia, comprising 73% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by China, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+135.2% per year) and China (-0.5% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, jumping by 37% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates import price increased by +72.5% against 2017 indices. As a result, import price reached the peak level and is likely to continue 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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