Southern Asia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Southern Asia

After three years of growth, the South Asian barium or aluminium sulphates market decreased by -0.1% to $X in 2022. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Production of Sulphates Of Barium Or Aluminium in Southern Asia

In value terms, barium or aluminium sulphates production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 25% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports in Southern Asia

In 2022, overseas shipments of sulphates of barium or aluminium increased by 26% to X tons, rising for the second year in a row after two years of decline. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, barium or aluminium sulphates exports soared to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +123.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

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

India was also the fastest-growing in terms of the sulphates of barium or aluminium exports, with a CAGR of +4.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest barium or aluminium sulphates supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +3.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 2.2% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2019 when the export price increased by 27% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.6% per year.

Imports of Sulphates Of Barium Or Aluminium

Imports in Southern Asia

In 2022, after three years of growth, there was decline in purchases abroad of sulphates of barium or aluminium, when their volume decreased by -2.4% to X tons. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +22.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced modestly in the following year.

In value terms, barium or aluminium sulphates imports amounted to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, India (X tons) represented the largest importer of sulphates of barium or aluminium, committing 61% of total imports. Sri Lanka (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (7.7%) and Pakistan (7.6%).

From 2012 to 2022, average annual rates of growth with regard to barium or aluminium sulphates imports into India stood at +6.9%. At the same time, Pakistan (+24.9%), Bangladesh (+3.7%) and Sri Lanka (+2.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +24.9% from 2012-2022. Pakistan (+6.1 p.p.) and India (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and Sri Lanka saw its share reduced by -1.7% and -9.6% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported sulphates of barium or aluminium in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 10% share of total imports. It was followed by Pakistan, with a 9.1% share.

In India, barium or aluminium sulphates imports increased at an average annual rate of +7.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+6.5% per year) and Pakistan (+11.3% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of 7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue 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 India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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