Spain: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Spain

The Spanish barium or aluminium sulphates market expanded sharply to $X in 2022, with an increase of 9.4% against the previous year. Overall, consumption, however, saw a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Sulphates Of Barium Or Aluminium in Spain

In value terms, barium or aluminium sulphates production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Spain

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -10.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a mild descent. The pace of growth appeared the most rapid in 2016 when exports increased by 18% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports rose markedly to $X in 2022. Overall, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

France (X tons) was the main destination for barium or aluminium sulphates exports from Spain, accounting for a 80% share of total exports. Moreover, barium or aluminium sulphates exports to France exceeded the volume sent to the second major destination, Portugal (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+11.1% per year) and Germany (+52.3% per year).

In value terms, France ($X) remains the key foreign market for sulphates of barium or aluminium exports from Spain, comprising 54% of total exports. The second position in the ranking was held by Portugal ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.1% per year) and Germany (+64.1% per year).

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, picking up by 27% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates export price increased by +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Germany (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphates Of Barium Or Aluminium

Imports into Spain

In 2022, imports of sulphates of barium or aluminium into Spain reduced to X tons, falling by -8.8% against the year before. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 119%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports rose significantly to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 85%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of barium or aluminium sulphates imports to Spain, together accounting for 79% of total imports. China, Turkey and Finland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest barium or aluminium sulphates suppliers to Spain, with a combined 87% share of total imports. Portugal, Turkey and Finland lagged somewhat behind, together comprising a further 9.5%.

Among the main suppliers, Turkey, with a CAGR of +39.1%, saw the highest growth rate of 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

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, growing by 23% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 117%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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