Eastern Asia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Eastern Asia

The East Asian barium or aluminium sulphates market contracted slightly to $X in 2022, declining by -3.5% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Sulphates Of Barium Or Aluminium in Eastern Asia

In value terms, barium or aluminium sulphates production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period 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 2016 with an increase of 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in Eastern Asia

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -15.7% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 35% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports fell to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +51.1% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 96% of total exports in 2022. Japan (X tons) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of sulphates of barium or aluminium. Japan (-2.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barium or aluminium sulphates supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was held by Japan ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +4.4%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2021 when the export price increased by 24%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%).

Imports of Sulphates Of Barium Or Aluminium

Imports in Eastern Asia

In 2022, approx. X tons of sulphates of barium or aluminium were imported in Eastern Asia; waning by -12.4% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports contracted to $X in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) and Japan (X tons) represented the key importers of sulphates of barium or aluminium in Eastern Asia, together resulting at approx. 67% of total imports. China (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (12%) and Taiwan (Chinese) (6.2%). Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Macao SAR (with a CAGR of +82.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 79% share of total imports. Hong Kong SAR, Taiwan (Chinese) and Macao SAR lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, Macao SAR, with a CAGR of +56.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price continues to indicate a mild descent. The growth pace was the most rapid in 2021 when the import price increased by 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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