Scandinavia: Baryte Market 2024

Baryte Market Size in Scandinavia

After three years of decline, the Scandinavia baryte market increased by 7.8% to $X in 2021. Overall, consumption, however, saw a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Baryte Production in Scandinavia

In value terms, baryte production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11%. The level of production peaked in 2021 and is expected to retain growth in the near future.

Baryte Exports

Exports in Scandinavia

In 2021, the amount of barytes exported in Scandinavia soared to X tons, picking up by 17% against the previous year's figure. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 103% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, baryte exports dropped notably to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 45% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway dominates exports structure, amounting to X tons, which was approx. 97% of total exports in 2021. Sweden (X tons) took a minor share of total exports.

Exports from Norway decreased at an average annual rate of -10.8% from 2012 to 2021. At the same time, Sweden (+35.9%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +35.9% from 2012-2021. From 2012 to 2021, the share of Norway decreased by -2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest baryte supplier in Scandinavia, comprising 95% of total exports. The second position in the ranking was taken by Sweden ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Norway totaled -16.8%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, shrinking by -44% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 41%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-6.1%).

Baryte Imports

Imports in Scandinavia

In 2021, approx. X tons of barytes were imported in Scandinavia; rising by 17% against the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 25%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, baryte imports surged to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Norway dominates imports structure, recording X tons, which was near 95% of total imports in 2021. The following importers - Sweden (X tons) and Finland (X tons) - each amounted to a 5.5% share of total imports.

Norway was also the fastest-growing in terms of the barytes imports, with a CAGR of +1.2% from 2012 to 2021. Sweden and Finland experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported barytes in Scandinavia, comprising 85% of total imports. The second position in the ranking was held by Sweden ($X), with a 7.9% share of total imports.

In Norway, baryte imports increased at an average annual rate of +2.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+2.7% per year) and Finland (+0.5% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 1.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 7.2% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform