Germany: Baryte Market 2024

Baryte Market Size in Germany

The German baryte market declined to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the market value increased by 6.7%. Baryte consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Baryte Production in Germany

In value terms, baryte production rose remarkably to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 12% against the previous year. Baryte production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Baryte Exports

Exports from Germany

In 2021, exports of barytes from Germany was estimated at X tons, growing by 14% compared with the year before. The total export volume increased at an average annual rate of +13.6% from 2020 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, baryte exports surged to $X in 2021. The total export value increased at an average annual rate of +23.8% over the period from 2020 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for baryte exports from Germany, with a 53% share of total exports. Moreover, baryte exports to Italy exceeded the volume sent to the second major destination, Luxembourg (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with an 8% share.

From 2020 to 2021, the average annual growth rate of volume to Italy totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+40.4% per year) and the Netherlands (+55.5% per year).

In value terms, Italy ($X) remains the key foreign market for barytes exports from Germany, comprising 36% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 9.8% share.

From 2020 to 2021, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+61.1% per year) and the Netherlands (+35.8% per year).

Export Prices by Country

In 2021, the average baryte export price amounted to $X per ton, increasing by 9% against the previous year. Over the last one-year period, it increased at an average annual rate of +9.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+31.4%), while the prices for the other major destinations experienced mixed trend patterns.

Baryte Imports

Imports into Germany

In 2021, imports of barytes into Germany reduced to X tons, waning by -9.7% on the previous year's figure. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 10% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, baryte imports expanded to $X in 2021. Overall, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 6.4%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bulgaria (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of baryte imports to Germany, together comprising 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +115.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Spain ($X) were the largest baryte suppliers to Germany, together comprising 74% of total imports. Bulgaria, Italy, Austria and Morocco lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Bulgaria, with a CAGR of +104.4%, 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 more modest paces of growth.

Import Prices by Country

The average baryte import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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