GCC: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in GCC

The GCC barium or aluminium sulphates market shrank rapidly to $X in 2022, reducing by -40.8% against the previous year. Over the period under review, consumption saw measured growth. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in GCC

In value terms, barium or aluminium sulphates production amounted to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. As a result, production attained 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 GCC

In 2022, the amount of sulphates of barium or aluminium exported in GCC reduced sharply to X tons, which is down by -54.6% on the previous year. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 260%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports contracted dramatically to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 66%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X tons, which was approx. 94% of total exports in 2022. The following exporters - Bahrain (X tons) and Kuwait (X tons) - each amounted to a 5.7% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the sulphates of barium or aluminium exports, with a CAGR of -5.3% from 2012 to 2022. Kuwait (-14.9%) and Bahrain (-16.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kuwait (-4 p.p.) and Bahrain (-7.1 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest barium or aluminium sulphates supplier in GCC, comprising 79% of total exports. The second position in the ranking was held by Kuwait ($X), with an 18% share of total exports.

In the United Arab Emirates, barium or aluminium sulphates exports decreased by an average annual rate of -11.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (-15.2% per year) and Bahrain (-21.5% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by 66% against the previous year. Overall, the export price, however, saw a deep setback. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Kuwait ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Sulphates Of Barium Or Aluminium

Imports in GCC

In 2022, the amount of sulphates of barium or aluminium imported in GCC contracted notably to X tons, reducing by -26.7% on 2021 figures. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 83%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports declined to $X in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X tons, which was near 91% of total imports in 2022. Kuwait (X tons), Oman (X tons) and Bahrain (X tons) took a relatively small share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the sulphates of barium or aluminium imports, with a CAGR of +11.5% from 2012 to 2022. At the same time, Bahrain (+9.1%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. By contrast, Kuwait (-1.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +61 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sulphates of barium or aluminium in GCC, comprising 90% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 5.2% share of total imports. It was followed by Oman, with a 1.6% share.

In the United Arab Emirates, barium or aluminium sulphates imports increased at an average annual rate of +9.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+0.9% per year) and Oman (-9.8% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, rising by 22% against the previous year. In general, the import price, however, recorded a slight decrease. The growth pace was the most rapid in 2013 when the import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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 Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform