Central Asia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Central Asia

The Central Asian barium or aluminium sulphates market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Central Asia

In value terms, barium or aluminium sulphates production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in Central Asia

In 2022, the amount of sulphates of barium or aluminium exported in Central Asia soared to X tons, increasing by 36% against the year before. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 121%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, barium or aluminium sulphates exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 97%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkmenistan (X tons) and Uzbekistan (X tons) prevails in exports structure, together mixing up 96% of total exports. Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkmenistan (with a CAGR of +44.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkmenistan ($X) emerged as the largest barium or aluminium sulphates supplier in Central Asia, comprising 61% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 24% share of total exports.

In Turkmenistan, barium or aluminium sulphates exports expanded at an average annual rate of +29.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (-0.7% per year) and Kazakhstan (-19.0% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, declining by -10.3% against the previous year. Overall, the export price faced a deep slump. The pace of growth was the most pronounced in 2014 when the export price increased by 56% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Sulphates Of Barium Or Aluminium

Imports in Central Asia

In 2022, overseas purchases of sulphates of barium or aluminium were finally on the rise to reach X tons after two years of decline. Overall, imports showed a tangible expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 108%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports surged to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 104%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan was the main importer of sulphates of barium or aluminium in Central Asia, with the volume of imports accounting for X tons, which was near 53% of total imports in 2022. It was distantly followed by Uzbekistan (X tons) and Mongolia (X tons), together constituting a 42% share of total imports. Turkmenistan (X tons) took a relatively small share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of sulphates of barium or aluminium. At the same time, Mongolia (+10.5%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +10.5% from 2012-2022. By contrast, Uzbekistan (-2.1%) and Turkmenistan (-6.5%) illustrated a downward trend over the same period. While the share of Uzbekistan (+24 p.p.) and Mongolia (+9.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-5.8 p.p.) and Kazakhstan (-15.4 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) were the countries with the highest levels of imports in 2022, together accounting for 95% of total imports.

Among the main importing countries, Mongolia, with a CAGR of +6.4%, recorded the highest rates of growth with regard to 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

The import price in Central Asia stood at $X per ton in 2022, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2015 when the import price increased by 26% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mongolia ($X per ton) and Uzbekistan ($X per ton), while Kazakhstan ($X per ton) and Turkmenistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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