India: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in India

In 2022, the Indian barium or aluminium sulphates market decreased by -0.7% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Barium or aluminium sulphates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in India

In value terms, barium or aluminium sulphates production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 25% against the previous year. Barium or aluminium sulphates production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from India

In 2022, overseas shipments of sulphates of barium or aluminium increased by 27% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +108.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +125.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 74%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sri Lanka (X tons) was the main destination for barium or aluminium sulphates exports from India, accounting for a 48% share of total exports. Moreover, barium or aluminium sulphates exports to Sri Lanka exceeded the volume sent to the second major destination, Tanzania (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sri Lanka amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-0.5% per year) and Saudi Arabia (+13.7% per year).

In value terms, Sri Lanka ($X) remains the key foreign market for sulphates of barium or aluminium exports from India, comprising 37% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Tanzania, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+16.3% per year) and Tanzania (+1.4% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, increasing by 1.9% against the previous year. In general, the export price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 28%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into India

In 2022, purchases abroad of sulphates of barium or aluminium decreased by -1.9% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +96.7% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 22%. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, barium or aluminium sulphates imports expanded slightly to $X in 2022. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 47%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of barium or aluminium sulphates to India, accounting for a 88% share of total imports. Moreover, barium or aluminium sulphates imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.8% per year) and Germany (+2.1% per year).

In value terms, China ($X) constituted the largest supplier of sulphates of barium or aluminium to India, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and Italy (+10.7% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, picking up by 4.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 26%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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