South-Eastern Asia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in South-Eastern Asia

The Southeast Asian barium or aluminium sulphates market reduced slightly to $X in 2022, dropping by -3.6% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in South-Eastern Asia

In value terms, barium or aluminium sulphates production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in South-Eastern Asia

For the fourth year in a row, South-Eastern Asia recorded decline in shipments abroad of sulphates of barium or aluminium, which decreased by -14.4% to X tons in 2022. Over the period under review, exports continue to indicate a mild curtailment. The growth pace was the most rapid in 2013 when exports increased by 52% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports soared to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 42% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia was the key exporting country with an export of around X tons, which amounted to 59% of total exports. Malaysia (X tons) held a 31% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (8.1%).

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +25.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Indonesia ($X) remains the largest barium or aluminium sulphates supplier in South-Eastern Asia, comprising 59% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: Malaysia (+5.1% per year) and Thailand (+26.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by 46% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sulphates Of Barium Or Aluminium

Imports in South-Eastern Asia

In 2022, purchases abroad of sulphates of barium or aluminium decreased by -9% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Singapore (X tons), distantly followed by Vietnam (X tons), Malaysia (X tons), the Philippines (X tons), Thailand (X tons), Brunei Darussalam (X tons) and Indonesia (X tons) represented the key importers of sulphates of barium or aluminium, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +4.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 69% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +13.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 an increase of 16%. 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 Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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