Kazakhstan: Baryte Market 2024

Baryte Market Size in Kazakhstan

In 2021, the Kazakh baryte market increased by 15% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Baryte consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Baryte Production in Kazakhstan

In value terms, baryte production stood at $X in 2021 estimated in export price. In general, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 120% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Baryte Exports

Exports from Kazakhstan

In 2021, overseas shipments of barytes decreased by -60.2% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 79%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, baryte exports fell sharply to $X in 2021. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 112% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons), Turkmenistan (X tons) and Azerbaijan (X tons) were the main destinations of baryte exports from Kazakhstan, with a combined 96% share of total exports. Uzbekistan lagged somewhat behind, accounting for a further 2.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +14.9%), while the other leaders experienced mixed trend patterns.

In value terms, Turkmenistan ($X) remains the key foreign market for barytes exports from Kazakhstan, comprising 60% of total exports. The second position in the ranking was taken by Russia ($X), with a 24% share of total exports. It was followed by Azerbaijan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Turkmenistan amounted to -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-2.6% per year) and Azerbaijan (-24.8% per year).

Export Prices by Country

The average baryte export price stood at $X per ton in 2021, declining by -26.5% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 19%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (-4.8%), while the prices for the other major destinations experienced a decline.

Baryte Imports

Imports into Kazakhstan

In 2021, supplies from abroad of barytes was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 523%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, baryte imports soared to $X in 2021. Overall, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 772%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Iran (X tons) constituted the largest baryte supplier to Kazakhstan, accounting for a 79% share of total imports. Moreover, baryte imports from Iran exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold. The third position in this ranking was held by China (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Iran stood at -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+9.9% per year) and China (-30.5% per year).

In value terms, Iran ($X) constituted the largest supplier of barytes to Kazakhstan, comprising 70% of total imports. The second position in the ranking was held by Russia ($X), with a 17% share of total imports. It was followed by China, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Iran amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.2% per year) and China (-28.0% per year).

Import Prices by Country

In 2021, the average baryte import price amounted to $X per ton, rising by 16% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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