Russian Federation: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in the Russian Federation

The Russian barium or aluminium sulphates market reduced to $X in 2022, waning by -6.3% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in the Russian Federation

In value terms, barium or aluminium sulphates production contracted to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -13.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 45% against the previous year. Barium or aluminium sulphates production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from the Russian Federation

In 2022, exports of sulphates of barium or aluminium from Russia skyrocketed to X tons, picking up by 27% on the previous year's figure. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 131% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, barium or aluminium sulphates exports stood at $X in 2022. In general, exports saw a noticeable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 97%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for barium or aluminium sulphates exports from Russia, accounting for a 57% share of total exports. Moreover, barium or aluminium sulphates exports to Kazakhstan exceeded the volume sent to the second major destination, Estonia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+11.4% per year) and Belarus (+46.7% per year).

In value terms, the largest markets for barium or aluminium sulphates exported from Russia were Kazakhstan ($X), Belarus ($X) and Estonia ($X), together accounting for 100% of total exports.

Belarus, with a CAGR of +34.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, falling by -14.4% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, 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 Belarus ($X per ton), while the average price for exports to Estonia ($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 Turkmenistan (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphates Of Barium Or Aluminium

Imports into the Russian Federation

In 2022, supplies from abroad of sulphates of barium or aluminium decreased by -31.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 44%. Over the period under review, imports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, barium or aluminium sulphates imports declined to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +93.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), Belarus (X tons) and Finland (X tons) were the main suppliers of barium or aluminium sulphates imports to Russia, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +78.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of sulphates of barium or aluminium to Russia, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Finland, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and Finland (+10.3% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, growing by 27% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Italy ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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