CIS: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in CIS

The CIS barium or aluminium sulphates market contracted modestly to $X in 2022, with a decrease of -4.6% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in CIS

In value terms, barium or aluminium sulphates production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 32% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports in CIS

Barium or aluminium sulphates exports expanded markedly to X tons in 2022, with an increase of 14% on 2021. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +23.7% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by 53% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +53.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 50%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus was the main exporting country with an export of about X tons, which resulted at 70% of total exports. It was distantly followed by Russia (X tons), committing a 30% share of total exports.

Exports from Belarus increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Russia (+5.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +5.9% from 2012-2022. Russia (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -4.1% from 2012 to 2022, respectively.

In value terms, Belarus ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Belarus, with a CAGR of +7.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, with an increase of 29% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.4%).

Imports of Sulphates Of Barium Or Aluminium

Imports in CIS

In 2022, supplies from abroad of sulphates of barium or aluminium decreased by -16.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. The volume of import peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, barium or aluminium sulphates imports declined slightly to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.0% against 2015 indices. The pace of growth was the most pronounced in 2016 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Russia represented the largest importing country with an import of around X tons, which amounted to 56% of total imports. It was distantly followed by Kazakhstan (X tons) and Uzbekistan (X tons), together creating a 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +5.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Russia ($X) constitutes the largest market for imported sulphates of barium or aluminium in the CIS, comprising 68% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +4.4%. In the other countries, the average annual rates were as follows: Kazakhstan (+3.4% per year) and Uzbekistan (+0.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with an increase of 19% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($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 (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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