Belgium: Baryte Market 2024

Baryte Market Size in Belgium

The Belgian baryte market expanded notably to $X in 2021, rising by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a abrupt decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Baryte Exports

Exports from Belgium

In 2021, exports of barytes from Belgium soared to X tons, growing by 495% on 2020. In general, exports, however, showed a perceptible setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, baryte exports surged to $X in 2021. Over the period under review, exports, however, saw a deep downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for baryte exports from Belgium, with a 66% share of total exports. Moreover, baryte exports to the Netherlands exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was taken by Congo (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+311.4% per year) and Congo (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for barytes exports from Belgium, comprising 61% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by India, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+335.3% per year) and India (+8.9% per year).

Export Prices by Country

In 2021, the average baryte export price amounted to $X per ton, which is down by -23.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 108% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Baryte Imports

Imports into Belgium

In 2021, the amount of barytes imported into Belgium skyrocketed to X tons, rising by 46% against the previous year's figure. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 337%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, baryte imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of 241% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest baryte supplier to Belgium, accounting for a 51% share of total imports. Moreover, baryte imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+54.9% per year) and Spain (+22.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of barytes to Belgium, comprising 55% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+61.8% per year) and Spain (+19.9% per year).

Import Prices by Country

In 2021, the average baryte import price amounted to $X per ton, flattening at the previous year. Overall, the import price saw a buoyant increase. The growth pace was the most rapid in 2020 an increase of 93%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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