Middle East: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern barium or aluminium sulphates market, when its value decreased by -14% to $X. In general, consumption continues to indicate a mild slump. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in the Middle East

In value terms, barium or aluminium sulphates production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by 58%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports in the Middle East

Barium or aluminium sulphates exports surged to X tons in 2022, with an increase of 21% against the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 154%. 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 surged to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 202% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Turkey (X tons) represented roughly 99% of total exports in 2022.

Turkey was also the fastest-growing in terms of the sulphates of barium or aluminium exports, with a CAGR of +28.5% from 2012 to 2022. Turkey (+23 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest barium or aluminium sulphates supplier in the Middle East.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +30.7%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, jumping by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +1.7% per year.

Imports of Sulphates Of Barium Or Aluminium

Imports in the Middle East

For the fourth consecutive year, the Middle East recorded decline in overseas purchases of sulphates of barium or aluminium, which decreased by -28.9% to X tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 45%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports fell to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +10.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) and the United Arab Emirates (X tons) were the largest importers of sulphates of barium or aluminium in the Middle East, together achieving 58% of total imports. Iraq (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Israel (8.5%) and Iran (7.2%). Syrian Arab Republic (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +11.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported sulphates of barium or aluminium in the Middle East, comprising 54% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Iran, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +2.8%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+9.8% per year) and Iran (+5.4% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by 26% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates import price increased by +78.8% against 2019 indices. The growth pace was the most rapid in 2021 when the import price increased by 36%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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