Russian Federation: Baryte Market 2024

Baryte Market Size in the Russian Federation

The Russian baryte market dropped modestly to $X in 2021, with a decrease of -4.2% against the previous year. Over the period under review, consumption showed a abrupt decrease. Baryte consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Baryte Production in the Russian Federation

In value terms, baryte production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Baryte Exports

Exports from the Russian Federation

In 2021, after three years of growth, there was significant decline in overseas shipments of barytes, when their volume decreased by -9.6% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 63% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, baryte exports fell dramatically to $X in 2021. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 70%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons) was the main destination for baryte exports from Russia, with a 81% share of total exports. Moreover, baryte exports to Belarus exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold. Turkmenistan (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-5.7% per year) and Turkmenistan (0.0% per year).

In value terms, Belarus ($X) remains the key foreign market for barytes exports from Russia, comprising 68% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 11% share of total exports. It was followed by Estonia, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Belarus stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-12.0% per year) and Estonia (+70.7% per year).

Export Prices by Country

In 2021, the average baryte export price amounted to $X per ton, falling by -8.7% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Turkmenistan ($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 Estonia (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Baryte Imports

Imports into the Russian Federation

In 2021, the amount of barytes imported into Russia shrank to X tons, dropping by -11.2% compared with 2020. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 125% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, baryte imports reduced modestly to $X in 2021. Overall, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 107%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) constituted the largest supplier of baryte to Russia, accounting for a 80% share of total imports. Moreover, baryte imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Kazakhstan stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+45.9% per year) and China (-11.4% per year).

In value terms, the largest baryte suppliers to Russia were Kazakhstan ($X), Turkey ($X) and China ($X), together comprising 91% of total imports.

Turkey, with a CAGR of +46.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average baryte import price amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 21%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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